CA > Los Angeles
Los Angeles, CA 90016,2305 S Marvin Ave
Los Angeles, CA 90016,2305 S Marvin Ave
Los Angeles, CA 90016,2305 S Marvin Ave
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$2,000,000
Est. payment /mo
11 Beds
7 Baths
5,332 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

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

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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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Lyon Stahl Investment Real Estate, Inc.

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Kirshner Elkin Properties

+1(424) 214-0133

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