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$3,850,000

Est. payment - /mo

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0.4 Acres Lot

Active

4121 Marmion WAY Los Angeles, CA 90065

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

02/05/2025 10:02 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR25026935

Originating Board California Regional MLS

Year Built 1965

Lot Size 0.401 Acres

Property Description

9.48% Proforma CAP Rate in an excellent area with 31% vacancies! A beautifully located prime 16-unit Value-Add apartment in the desirable Mount Washington neighborhood of Los Angeles. This well-maintained property is located right off Figueroa St and at the border of Highland Park and South Pasadena. It is surrounded by mature residential neighborhoods and within walking distance of many attractions in Mount Washington area (Lumis House, Southwest Museum, and Metro Gold Line Heritage Square Station). This property is in a mature area and surrounded by single family homes. It has excellent demographics with ±$122,496 average household income within a-mile radius The property is a two-story garden style apartment. It offers excellent curb appeal and is very well maintained with a serene center courtyard. It was built in 1965, has a total of ±11,984sqft building size, and situated on a large ±17,441SF lot. The property has a new roof that was installed in 2021 and several front windows have been upgraded with dual pane windows. The foundation has been bolted and seismic retrofit of the property was completed in 2015. It offers an excellent unit mix of eight (8) large 2bedroom+1bathroom, and eight (8) large 1bedroom+1bathroom units. Five units are currently vacant and can be d

Location

State CA

County Los Angeles

Area 680 - Mount Washington

Rooms

Kitchen Garbage Disposal, Oven Range - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Laminate

Laundry Laundry Area, Washer/Dryer - Owned, Community Facility

Exterior

Parking Features Assigned Spaces, Other

Garage Spaces 16.0

Pool 31, None

View Local/Neighborhood

Roof Type Flat / Low Pitch

Building

Water District - Public

Others

Tax ID 5465022016

Special Listing Condition Not Applicable

Listed by Han Chen • Growth Investment Group Pasade

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"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA