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Multifamily

977 Marview Ave

977 Marview Ave, Los Angeles, CA 90012

Listing Price: $1,765,000

Cap Rate
4.10%
Number of Units
5
Occupancy
100.0%
Price/Unit
$353,000
Price/Gross SF
$493.84
Gross SF
3,574

Investment Overview

Marcus & Millichap is pleased to present 977 Marview Ave, a five-unit opportunity located in the highly sought-after cusp of the Chinatown and Echo Park submarkets of Northeast Los Angeles.? The property sits on a 4,477 square foot lot with recently touched up units, consisting of four one-bedroom units and one studio unit.? Being on the cusp of two hot submarkets, the subject property is positioned to take full advantage of the high-demand rental market of Echo Park and the low-inventory of Chinatown.? Delivered with 2 vacant units with most renovations complete, the incoming buyer is poised to take immediate advantage of all the major economic momentum around the subject property with their own vision of enhancements without much capital.? Given the continued growth of the Echo Park and Chinatown submarket, the urban atmosphere surrounding the subject property, and the additional value-add opportunity, 977 Marview Ave represents an offering for investors seeking an asset that is poised to provide long-term returns and steady appreciation.?

Investment Highlights

  • Delivered With 2 Vacant Units (1bd/1ba + Studio/1ba)
  • Lightly Renovated Units With Further Value-Add Potential
  • Located between Two Hot Submarkets (Echo Park & Chinatown)
  • Parking On-Site For Tenants
  • Well-Maintained By Ownership

Exclusively Listed By

Financing By

Multifamily

977 Marview Ave

Listing Price: $1,765,000

Cap Rate
4.10%
Number of Units
5
Occupancy
100.0%
Price/Unit
$353,000
Price/Gross SF
$493.84
Gross SF
3,574

Investment Highlights

  • Delivered With 2 Vacant Units (1bd/1ba + Studio/1ba)
  • Lightly Renovated Units With Further Value-Add Potential
  • Located between Two Hot Submarkets (Echo Park & Chinatown)
  • Parking On-Site For Tenants
  • Well-Maintained By Ownership

Investment Overview

Marcus & Millichap is pleased to present 977 Marview Ave, a five-unit opportunity located in the highly sought-after cusp of the Chinatown and Echo Park submarkets of Northeast Los Angeles.? The property sits on a 4,477 square foot lot with recently touched up units, consisting of four one-bedroom units and one studio unit.? Being on the cusp of two hot submarkets, the subject property is positioned to take full advantage of the high-demand rental market of Echo Park and the low-inventory of Chinatown.? Delivered with 2 vacant units with most renovations complete, the incoming buyer is poised to take immediate advantage of all the major economic momentum around the subject property with their own vision of enhancements without much capital.? Given the continued growth of the Echo Park and Chinatown submarket, the urban atmosphere surrounding the subject property, and the additional value-add opportunity, 977 Marview Ave represents an offering for investors seeking an asset that is poised to provide long-term returns and steady appreciation.?

Exclusively Listed By

Financing By

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