4771 Marathon St 12 Unit Apartment Building $2,495,000 ($207,917/Unit) 6.36% Cap Rate Los Angeles, CA 90029

Stabilized East Hollywood Asset with Approximately 25% Upside
4771 Marathon Street presents a stabilized multifamily investment with meaningful upside remaining through rent growth and operational enhancements. The property’s current performance provides dependable in-place cash flow, while below-market rents and light value-add opportunities create a clear path to NOI growth without sacrificing stability.
Significant Capital Improvements and Recently Modernized Units
Ownership has completed meaningful capital improvements, including updated walkways and stairways, the construction of two brand-new one-bedroom ADUs, and the renovation of approximately 70% of the original units. With the majority of units recently turned and two new builds delivered, the property offers streamlined operations, reduced near-term maintenance, and an easy management profile for the next owner.
Highly Desirable and Well-Balanced Unit Mix
The property features a diversified mix of studios, one-bedroom, and two-bedroom units, including two brand-new 1+1 ADUs recently added by ownership. Larger two-bedroom units tend to attract longer-term tenants and lower turnover, while smaller units allow for more frequent rent adjustments, creating a healthy balance of income stability and growth potential.
Prime Central LA Location Between Hollywood, Silver Lake, and Koreatown
Located in the heart of East Hollywood, 4771 Marathon Street benefits from immediate access to Hollywood, Silver Lake, Los Feliz, and Koreatown. This central positioning continues to drive strong rental demand from tenants seeking proximity to employment centers, cultural amenities, and transit while avoiding the pricing premiums of more established submarkets.
Transit-Oriented, Renter-by-Choice Neighborhood
The property is located near major commuter routes and the Metro B Line, enhancing accessibility throughout Los Angeles. East Hollywood has evolved into a renter-by-choice submarket, attracting professionals who value convenience, connectivity, and lifestyle over homeownership in an increasingly unaffordable city.
Strong Employment Drivers Supporting Durable Rental Demand
The surrounding area is anchored by a diverse set of employment sectors, including entertainment, healthcare, education, and the creative economy. Major institutions such as Kaiser Permanente Sunset Medical Center help support a deep and resilient tenant base, insulating the property from economic volatility.
Value-Add Opportunity with Multiple Levers for Growth
Investors can unlock additional value through unit renovations and operational efficiencies as units naturally turn. With assigned parking, separate utility metering, and low historical vacancy, the asset offers measured upside with limited execution risk.
Supply-Constrained Infill Market with Long-Term Appreciation Potential
East Hollywood remains a highly supply-constrained infill market, where limited new development continues
to support rent growth and asset appreciation. As demand spills east from Silver Lake and Hollywood, properties like 4771 Marathon Street are increasingly viewed as opportunities to acquire tomorrow’s prime location at today’s pricing.