2916 Marathon St - Apartments FOR SALE


Los Angeles, CA 90026
$2,550,000 USD
310-667-1469
2916 Marathon St, Los Angeles, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/48
null | 5.46% Cap Rate

2916 Marathon St
Los Angeles, CA 90026


HIGHLIGHTS

  • Charming front four-plex and a secluded back house cottage.
  • 100% leased with upside in rents remaining
  • Easy access to Silver Lake's vibrant community

OVERVIEW

Welcome to 2916 Marathon Avenue, a unique property in Silver Lake offering a blend of Spanish-style architecture and urban convenience. This distinctive residence comprises five units, including a charming front four-plex and a secluded back house cottage. Each unit features its own character, with 4-plex featuring spacious 1 bedroom and 1 bathroom units with hardwood floors, arched doorways, in-unit laundry, and french multi paned windows. The back Cottage features 2 bedrooms, 1 bathroom, bonus garage-studio space and three decks. Four-plex, Cottage, and detached garages spread across 7,370 SF. The Spanish-inspired design is evident in the tiled roofs, archways, developed landscaping with a blend of plant species, and serene tree-canopied courtyard with mosaic fountain. Providing a tranquil outdoor space for residents to unwind or entertain. Located near the intersection of Sunset Blvd and Silver Lake Blvd in the heart of Silver Lake, this property offers easy access to Silver Lake's vibrant community, including trendy shops, cafes, and recreational spots such as Silver Lake Reservoir and Griffith Park. Walk to Silver Lake Ramen, The Thirsty Crow Bar, Pho Cafe, and more.. 1.4 miles to Silver Lake Reservoir and 1.3 miles to Echo Park Lake. Discover the allure of this Spanish-style oasis with the convenience of urban amenities . Includes assigned detached garages, and alley parking. Do not disturb occupants. Property sold As Is. Buyer to comply with seller's 1031 exchange timelines for closing. Property includes street address 756 Parkman Ave.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$571 USD /SF

# OF UNITS

5

PRICE/UNIT

$510,000

CAP RATE

5.46%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,383 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

5401-027-014

ASK ABOUT THIS PROPERTY

Mark EhlersImperial Real EstateMore Info
310-667-1469

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Mark EhlersImperial Real EstateMore Info
310-667-1469

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