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Multifamily

The Marc

730 N Mariposa Ave, Los Angeles, CA 90029

Listing Price: $6,750,000

Cap Rate
4.15%
Number of Units
28
Price/Unit
$241,071
Price/Gross SF
$331.56
Gross SF
20,358

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire The Marc, a 28-unit multifamily community located in the thriving neighborhood of East Hollywood. Located on Mariposa Avenue, just minutes to Virgil Village and Silverlake, 730 North Mariposa provides tenants with easy access to some of the most popular bars, eateries and shopping in Los Angeles. Built in 1963, The Marc was extensively renovated over the past two years with upgrades to the property’s interiors, exterior and common area. Moreover, the property is located in an Opportunity Zone which is drawing significant new capital in the immediate neighborhood putting upward pressure on rental rates and property values. The continued gentrification of the surrounding area along with the significant value-add potential for a new owner to continue renovating the remaining units and achieve superior future returns moving forward make The Marc an excellent acquisition opportunity.

Investment Highlights

  • Walking Distance to Virgil Village, The Marc Presents a Value Proposition to Residents Who Want the Urban Amenities of Silverlake and Hollywood but Have Been Priced Out of the Market
  • While Current Ownership has Completed Extensive Renovations to the Common Area and 25% of Units – Investors Will Have an Excellent Opportunity to Continue These Improvements
  • Historically Low Interest Rates Provide a Nearly Unprecedented Opportunity to Acquire an Extensively Renovated Infill Los Angeles Apartment Building with Immediate Cash Flow
  • Brand New Construction Surrounds The Marc Demonstrating the Influx of New Capital Pouring Into the Neighborhood
  • Located in a Designated Opportunity Zone and May Be Eligible for Preferential Tax Treatment
  • New Ownership has an Opportunity to Add Additional Units Through the State's Favorable Accessory Dwelling Unit (ADU) Program - Allowing for Added Future Growth and Appreciation Potential (Buyer to Verify)

Exclusively Listed By

Financing By

Listing Price: $6,750,000

Cap Rate
4.15%
Number of Units
28
Price/Unit
$241,071
Price/Gross SF
$331.56
Gross SF
20,358

Investment Highlights

  • Walking Distance to Virgil Village, The Marc Presents a Value Proposition to Residents Who Want the Urban Amenities of Silverlake and Hollywood but Have Been Priced Out of the Market
  • While Current Ownership has Completed Extensive Renovations to the Common Area and 25% of Units – Investors Will Have an Excellent Opportunity to Continue These Improvements
  • Historically Low Interest Rates Provide a Nearly Unprecedented Opportunity to Acquire an Extensively Renovated Infill Los Angeles Apartment Building with Immediate Cash Flow
  • Brand New Construction Surrounds The Marc Demonstrating the Influx of New Capital Pouring Into the Neighborhood
  • Located in a Designated Opportunity Zone and May Be Eligible for Preferential Tax Treatment
  • New Ownership has an Opportunity to Add Additional Units Through the State's Favorable Accessory Dwelling Unit (ADU) Program - Allowing for Added Future Growth and Appreciation Potential (Buyer to Verify)

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire The Marc, a 28-unit multifamily community located in the thriving neighborhood of East Hollywood. Located on Mariposa Avenue, just minutes to Virgil Village and Silverlake, 730 North Mariposa provides tenants with easy access to some of the most popular bars, eateries and shopping in Los Angeles. Built in 1963, The Marc was extensively renovated over the past two years with upgrades to the property’s interiors, exterior and common area. Moreover, the property is located in an Opportunity Zone which is drawing significant new capital in the immediate neighborhood putting upward pressure on rental rates and property values. The continued gentrification of the surrounding area along with the significant value-add potential for a new owner to continue renovating the remaining units and achieve superior future returns moving forward make The Marc an excellent acquisition opportunity.

Exclusively Listed By

Financing By

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