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2305 S Marvin Ave Los Angeles, CA 90016
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Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,332 sqft
Price per Sqft $337
MLS Listing ID 25607459
Sold Date 11/05/25
Bedrooms 11
Construction Status Fixer
Year Built 1957
Lot Size 6,503 Sqft
Acres 0.1493
Property Sub-Type Multi-Family
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 Mid Los Angeles
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Air Conditioning
Equipment None
Laundry Laundry Area
Exterior
Parking Features Side By Side, Uncovered, Driveway
Garage Spaces 7.0
Building
Foundation Slab
Level or Stories Multi/Split
Construction Status Fixer
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Lyon Stahl Investment Real Estate, Inc.
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