2305 S Marvin AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,332 sqft
Price per Sqft $375
MLS Listing ID 25607459
Bedrooms 11
Construction Status Fixer
HOA Y/N No
Year Built 1957
Lot Size 6,503 Sqft
Property Description
2305 S Marvin Ave |FULLY VACANT & OPPORTUNITY ZONE | 7-Unit Multifamily in Prime Mid-City Los Angeles. Built in 1957, the property features a desirable mix of (4) 2-Bed/1-Bath and (3) 1-Bed/1-Bath units totaling 5,332 SF on a 6,490 SF LARD1.5-zoned lot. Priced at $2,000,000 (~$285K per unit / $375 per SF), this fully vacant asset offers investors a rare opportunity to reposition and lease at full market rents from day one post renovations. Pro forma financials project a 6.77% cap rate and annual gross income of $201,060 once stabilized. Recent upgrades, including a brand-new roof (2025) and copper plumbing, reduce near-term capital exposure and enhance operational efficiency. With spacious layouts, seven on-site parking spaces, and strong market rents averaging $2,125 & $2,595 per unit, The Marvin provides a value-add platform in a tight, high-demand submarket.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Driveway,Side By Side,Uncovered
Total Parking Spaces 7
Building
Entry Level Multi/Split
Foundation Slab
Level or Stories Multi/Split
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 5063021029
Special Listing Condition Standard