4108 Marathon Street

    Los Angeles (City), CA 90029
    • $10,500,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 18350874
    UPDATED: 39 min ago
    $10,500,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,520
      SQFT
    • $428
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    We are pleased to present 4056 & 4108 Marathon Street, a 30 unit apartment community plus a separate parcel providing parking, in one of L.A.'s most dynamic rental markets, Silver Lake / Virgil Village, CA (90029). 4108 Marathon Street, built in 1928, offers an exceptional unit composition featuring Twenty-Six (26) Large One Bedroom-One Bathroom and Four (4) Two Bedroom-One Bathroom apartment homes encompassing +/-24,520 square feet of improvements. The purchase also includes 4056 Marathon Street is a separate parcel included in the offering and provides 15 vehicle parking spaces. The parcel is zoned RD 1.5 in 4,250 SF of land. Parking lot improvements include new asphalt resurfacing, restriping and new gate/fencing. 4108 Marathon Street has undergone a gut-level renovation of Fifteen (15) of the Thirty (30) apartment homes (50% of units). **Please email listings agents for Full Offering Memorandum**

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T17:29:33.153. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84280046

    4108 Marathon Street Los Angeles (City), CA 90029

    • Price: $10,500,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 18350874
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    24,520
    SQFT
    $428
    $/SQFT
    1928
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    We are pleased to present 4056 & 4108 Marathon Street, a 30 unit apartment community plus a separate parcel providing parking, in one of L.A.'s most dynamic rental markets, Silver Lake / Virgil Village, CA (90029). 4108 Marathon Street, built in 1928, offers an exceptional unit composition featuring Twenty-Six (26) Large One Bedroom-One Bathroom and Four (4) Two Bedroom-One Bathroom apartment homes encompassing +/-24,520 square feet of improvements. The purchase also includes 4056 Marathon Street is a separate parcel included in the offering and provides 15 vehicle parking spaces. The parcel is zoned RD 1.5 in 4,250 SF of land. Parking lot improvements include new asphalt resurfacing, restriping and new gate/fencing. 4108 Marathon Street has undergone a gut-level renovation of Fifteen (15) of the Thirty (30) apartment homes (50% of units). **Please email listings agents for Full Offering Memorandum**
    Exterior Features

    Lot Size Units Square Feet Parking Features AssignedPrivateParking Space Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 17.00 Gross Operating Income 616143.00 Improvements Amount 2816077 Land Value 3060000 Laundry YN Yes Net Operating Income 399160.00 Special Listing Conditions Standard Total Expenses 204660.00 Zoning Lard1.5

    Listing provided courtesy of Adam Zunder of Keller Williams Studio City and Rich Johns of Kw Commercial Studio City.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T17:29:33.153. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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