This Multifamily Property is no longer advertised on LoopNet.com.

4121 Marmion Way
Los Angeles, CA 90065
31% VACANT! 9.48% Prof. CAP, 16-u Value-add · Multifamily Property For Sale · 16 Units

Investment Highlights

  • 9.48% Proforma CAP Rate, 31% Vacant (5 units vacant) in Mount Washington; surrounded by SFR properties
  • Excellent demographics with ±$122,496 average household income within a-mile radius
  • Capital Improvements: New roof installed in 2021, upgraded front windows, seismic retrofit in 2015 (bolted foundation)
  • Excellent location: walk to Southwest Museum, Lumis House, and Metro Gold Line Station (Heritage Square)
  • Very well-maintained apartment with an excellent curb appeal; Excellent unit mix of 50% 2bedroom units, large units
  • Individually metered for electricity and gas, shared laundry room (seller own laundry machines)

Property Facts

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.40 AC
Building Size 11,984 SF
Average Occupancy 93%
No. Stories 2
Year Built 1965
Parking Ratio 1.34/1,000 SF
Zoning R1, Los Angeles

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Ceiling Fans
  • Dining Room

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 700 - 800
2+1 8 - 900 - 1,000

Property Taxes

Property Taxes

Parcel Number
5465-022-016
Land Assessment
$1,568,158
Improvements Assessment
$671,332
Total Assessment
$2,239,490
  • Listing ID: 32138777

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: 4121 Marmion Way, Los Angeles, CA 90065

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