5800-5820 Marmion Way - Apartments FOR SALE


Los Angeles, CA 90042
$28,000,000 USD
818-502-6744
5800-5820 Marmion Way, Los Angeles, CA for Sale
$28,000,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

5800-5820 Marmion Way
Los Angeles, CA 90042


OVERVIEW

Assumable Financing Available with a Fixed Interest Rate of 2.79% Moxie + Clover is a beautifully renovated 60-unit apartment community offering upscale convenience in the heart of Highland Park, what many call L.A.’s hottest neighborhood.The building is ideally located adjacent to the Metro Gold Line, providing exceptional access to Downtown Los Angeles, South Pasadena, Pasadena, and all of the San Gabriel Valley. In-Unit Amenities Offering an irresistible combination of location, quality and upgraded amenities, the ± 42,272 SF building is a mix of studio, 1BD and 2BD units with an average size of 705 SF. In-unit features include: • In-unit washer/dryer • Fully equipped kitchens with brand new appliances • Custom cabinetry • Hardwood style flooring • Central air • Walk in closets • Private patios and more! Assumable Financing Available with a Fixed Interest Rate of 2.79% Loan Amount: $17,097,000 Term: 120 Months IO Period: 60 Months (P&I kicks in 11/1/2025) Fixed Rate of 2.79% Origination Date: 9/14/2020

FOR SALE DETAILS

PRICE

$28,000,000 USD

PRICE/SF

$662 USD /SF

# OF UNITS

60

PRICE/UNIT

$466,667

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Moxie + Clover

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

120

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,537 SF

ZONING

LAC4

APN/PARCEL ID

5492-012-021

ASK ABOUT THIS PROPERTY

Edward MatevosianCBRE, Inc.More Info
818-502-6744

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Edward MatevosianCBRE, Inc.More Info
818-502-6744

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