4121 Marmion Way,
Home For Sale
9.48% Proforma CAP Rate in an excellent area with 25% vacancy! 4121 Marmion Way, a 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 an 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. Four units are currently vacant and can be delivered vacant at close of escrow. The 2-bedroom units are large with excellent layout (estimated size are 925-1000SF buyer to verify), and the 1-bedroom units are spacious with functional layout (est. size 700-800SF buyer to verify). Each unit has a large living room, wall heater, windows A/C, and a full k
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90065
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- MLS® #:
- AR24123998
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- Bedrooms:
- 3
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- Lot Size:
- 0.40
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- Neighborhood:
- LOS ANGELES (90065)
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Listing information last updated on July 20th, 2024 at 5:31pm PDT.