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4038 Marathon St
Los Angeles, CA 90029 East Hollywood

$1,725,000 USD

Apartments For Sale • 7,767 SF

Property Details

Property Type Apartments
Total Building Size 7,767 SF
Lot Size 0.21 AC
Building Class C
Year Built 1929
Cap Rate 5.89 %
Zoning RD1.5

62 Transit Score

91 Walk Score

                
                    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.

Financial Summary (Actual)

Net Operating Income: $272,324 USD (2024)

Cap Rate:	5.89 %
Total Expenses:	$69,124 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	4.0 mi
	8 min	-	4.1 mi
Transit/Subway	Drive	Walk	Distance
Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	13 min	0.7 mi
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
Bob Hope	20 min	-	11.7 mi
Los Angeles International	28 min	-	15.8 mi
Long Beach (Daugherty Field)	36 min	-	25.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	11
Type:	Surface
Included in Rent:	Yes

Sean Nami 310-279-7779 Lyon Stahl Investment Real Estate

4038 Marathon St Los Angeles, CA 90029 East Hollywood