Log In/Sign Up
Your email has been sent.
4038 Marathon St
Los Angeles, CA 90029
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- A 10-unit apartment community that’s a true value-add opportunity in a prime East Hollywood location.
- Large parking lot offers potential ADU options for additional future cashflow.
- Approximately 1 block away from popular Virgil Avenue food shops like Sqirl, Courage Bagel, Budonoki, and KinKan LA.
- Features 11 parking spaces on-site.
- 9.8 GRM and a low $222/SF at the Asking Price.
- Separately Metered for Gas and Electric.
EXECUTIVE SUMMARY
This 10-unit apartment community presents a true value-add opportunity in the heart of East Hollywood, offering strong fundamentals and exceptional upside for investors. Priced at a 9.8 GRM and just $222 per square foot, the property stands out as an attractive acquisition in one of Los Angeles’ most dynamic rental markets. Tenants enjoy 11 on-site parking spaces, and the large parking lot provides potential for future ADU development to further boost cash flow and property value.
Located just one block from the bustling Virgil Avenue corridor, residents are steps away from some of LA’s most popular dining destinations including Sqirl, Courage Bagel, Budonoki, and KinKan LA. The property is separately metered for gas and electric, reducing operating costs and streamlining management for new ownership. With its prime location, built-in value-add potential, and favorable price metrics, this East Hollywood asset is an excellent long-term investment opportunity.
Located just one block from the bustling Virgil Avenue corridor, residents are steps away from some of LA’s most popular dining destinations including Sqirl, Courage Bagel, Budonoki, and KinKan LA. The property is separately metered for gas and electric, reducing operating costs and streamlining management for new ownership. With its prime location, built-in value-add potential, and favorable price metrics, this East Hollywood asset is an excellent long-term investment opportunity.
PROPERTY FACTS Under Contract
| Price Per Unit | $237,586 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.89% | Building Size | 7,767 SF |
| Gross Rent Multiplier | 9.8 | Average Occupancy | 95% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RD1.5 | ||
| Price Per Unit | $237,586 CAD |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,767 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 1.42/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD1.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,614 CAD | - |
| 1+1 | 8 | $2,456 CAD | - |
PROPERTY TAXES
| Parcel Number | 5539-020-007 | Improvements Assessment | $1,074,112 CAD |
| Land Assessment | $1,487,233 CAD | Total Assessment | $2,561,344 CAD |
PROPERTY TAXES
Parcel Number
5539-020-007
Land Assessment
$1,487,233 CAD
Improvements Assessment
$1,074,112 CAD
Total Assessment
$2,561,344 CAD
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
