4121 Marmion WAY Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90065
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR24123998
Year Built 1965
Lot Size 0.401 Acres
Property Description
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 de
Location
State CA
County Los Angeles
Area 680 - Mount Washington
Rooms
Kitchen Garbage Disposal,Oven Range - Gas,Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Laundry Area,Washer,Washer/Dryer - Owned,Community Facility,Dryer
Exterior
Parking Features Assigned Spaces,Other
Garage Spaces 16.0
Pool 31,None
View None
Roof Type Flat / Low Pitch
Building
Lot Description Irregular
Water District - Public
Others
Special Listing Condition Not Applicable