4038 Marathon St - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$1,725,000 USD
310-279-7779
4038 Marathon St, Los Angeles, CA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/19
null | 5.89% Cap Rate

4038 Marathon St
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • A 10-unit apartment community that’s a true value-add opportunity in a prime East Hollywood location.
  • Features 11 parking spaces on-site.
  • Large parking lot offers potential ADU options for additional future cashflow.
  • 9.8 GRM and a low $222/SF at the Asking Price.
  • Approximately 1 block away from popular Virgil Avenue food shops like Sqirl, Courage Bagel, Budonoki, and KinKan LA.
  • Separately Metered for Gas and Electric.

OVERVIEW

This 10-unit apartment community presents a true value-add opportunity in the heart of East Hollywood, offering strong fundamentals and exceptional upside for investors. Priced at a 9.8 GRM and just $222 per square foot, the property stands out as an attractive acquisition in one of Los Angeles’ most dynamic rental markets. Tenants enjoy 11 on-site parking spaces, and the large parking lot provides potential for future ADU development to further boost cash flow and property value. Located just one block from the bustling Virgil Avenue corridor, residents are steps away from some of LA’s most popular dining destinations including Sqirl, Courage Bagel, Budonoki, and KinKan LA. The property is separately metered for gas and electric, reducing operating costs and streamlining management for new ownership. With its prime location, built-in value-add potential, and favorable price metrics, this East Hollywood asset is an excellent long-term investment opportunity.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

10

PRICE/UNIT

$172,500

CAP RATE

5.89%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,278 SF

ZONING

RD1.5

APN/PARCEL ID

5539-020-007

ASK ABOUT THIS PROPERTY

Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.