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4197 Marlton Ave
Los Angeles, CA 90008
8 Units | Baldwin Hills | ADU Potential · Multifamily Property For Sale
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8 Units
Investment Highlights
- 8 Unit Apartment Building in Baldwin Village, Adjacent to Baldwin Hills | 1 Block from Planned $1 Billion Dollar Baldwin Hills Plaza Redevelopment
- Unit Mix: (6) Large 1 Bed & 1 Bath Units, and (2) 2 Bed & 1 Bath with One 2 Bed unit featuring an additional bonus room
- Year Built & Zoning: 1950 | RX-1XL | Tier 3 TOC
- Corner Parcel with Alley Access & ADU Development Potential (SB 1211)
- Building/ Lot SF: ±7,222 SF on a ±10,737 SF Lot
- Location: Adjacent to Baldwin Hills, and in Close Proximity to Expo Park, USC, Lucas Museum of Narrative Art, Culver City, and DTLA! Walk Score of 74
Executive Summary
Eric Dilanian of The Dilanian Real Estate Advisors, as part of RE/MAX Commercial & Investment Realty, is pleased to present the exclusive offering of an 8-unit value-add multifamily investment opportunity located at 4197 Marlton Avenue, adjacent to Baldwin Hills and just one block from the planned $1 Billion Baldwin Hills Plaza Redevelopment.
Constructed in 1950 and offered for sale for the first time since completion by the original developer’s family, the property has been exceptionally well maintained and thoughtfully cared for over generations of ownership. The asset comprises approximately ±7,222 square feet of building area situated on a generous ±10,737 square foot lot.
Zoned R3-1-XL and located within Tier 3 TOC, the property offers meaningful long-term development and density upside, including potential for detached ADU development (buyer to verify). The unit mix consists of six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units, with one of the two-bedroom units featuring an additional bonus/office room. All units are equipped with washer/dryer hookups.
With detached garage parking, a low-basis acquisition profile, and substantial rental upside in a high-demand submarket, this offering presents investors with a compelling opportunity to acquire a well-located, generational asset with both near-term income growth and long-term value-add potential.
Investors have the opportunity to capture immediate upside through the potential development of detached ADUs pursuant to SB 1211 (buyer to verify all feasibility, zoning, and entitlement requirements).
Disclosure: Buyers are to conduct thorough and independent due diligence, including verifying building square footage, lot size, legal bedroom/bathroom count, parking availability, unit mix, year built, zoning, market rents, and the feasibility of ADUs or additional units.
DO NOT DISTURB TENANTS OR ENTER THE PROPERTY - DRIVE-BY ONLY.
Constructed in 1950 and offered for sale for the first time since completion by the original developer’s family, the property has been exceptionally well maintained and thoughtfully cared for over generations of ownership. The asset comprises approximately ±7,222 square feet of building area situated on a generous ±10,737 square foot lot.
Zoned R3-1-XL and located within Tier 3 TOC, the property offers meaningful long-term development and density upside, including potential for detached ADU development (buyer to verify). The unit mix consists of six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units, with one of the two-bedroom units featuring an additional bonus/office room. All units are equipped with washer/dryer hookups.
With detached garage parking, a low-basis acquisition profile, and substantial rental upside in a high-demand submarket, this offering presents investors with a compelling opportunity to acquire a well-located, generational asset with both near-term income growth and long-term value-add potential.
Investors have the opportunity to capture immediate upside through the potential development of detached ADUs pursuant to SB 1211 (buyer to verify all feasibility, zoning, and entitlement requirements).
Disclosure: Buyers are to conduct thorough and independent due diligence, including verifying building square footage, lot size, legal bedroom/bathroom count, parking availability, unit mix, year built, zoning, market rents, and the feasibility of ADUs or additional units.
DO NOT DISTURB TENANTS OR ENTER THE PROPERTY - DRIVE-BY ONLY.
Property Facts
| Price Per Unit | $186,875 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 7,222 SF |
| Cap Rate | 6.35% | No. Stories | 2 |
| Gross Rent Multiplier | 10.24 | Year Built | 1950 |
| No. Units | 8 | Opportunity Zone |
Yes
|
| Zoning | R3-1XL | ||
| Price Per Unit | $186,875 |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Gross Rent Multiplier | 10.24 |
| No. Units | 8 |
| Property Type | Multifamily |
| Building Size | 7,222 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | R3-1XL |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
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