3517 Marathon St
Los Angeles, CA 90026
10 Units in Silver Lake · Multifamily Property For Sale · 10 Units

KW Commercial is pleased to present 3517 Marathon Street, a vintage 10-unit investment opportunity located in Silver Lake (90026), in the Hollywood / Silver Lake submarket.    Current ownership has created a proven concept through interior unit and common area renovations that has helped the asset achieve strong market rental income metrics along with a quality common area renovation of public space, thus creating a sought-after destination for area residents.    T The unit composition features Two (2) One Bedroom-One Bathroom and Eight (8) Large Single-One Bathroom apartment homes.  Seven of Ten units (70% of units) have undergone a major gut-level renovation which has included a variety of comprehensive upgrades that include expanding doorways and openings, new stylized baths and kitchens with matching dishwashers, refrigerators and stoves package, new gleaming wood floor installations, new doors, lighting, locks, hardware and designer finishes.  Most units feature dramatic Downtown city views.    The asset, built in 1928, has undergone a systematic renovation to the common spaces highlighted by drought resistant landscaping, new tile and paint finishes in the public spaces, secured entry and a new exterior color palette.    Building upgrades include much of the plumbing converted to copper lines, installation of common area laundry facilities (owned equipment) and new electrical panel separating the electrical utilities individually.  The gas utilities are master metered.