Courtesy of: Eric Dilanian, Remax Commercial and Investment Realty, ericdilanian@remaxcir.com
Courtesy of: Eric Dilanian, Remax Commercial and Investment Realty, ericdilanian@remaxcir.com
$1,495,000
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10 bed
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8.00 Bath (2 Full)
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Lot: 0.25 Acres
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Other
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$1,495,000
4197 Marlton Ave We are pleased to present the exclusive offering of an 8-unit value-add multifamily investment opportunity located at 4197 Marlton Avenue, adjacent to Baldwin Hills and just one block from the planned $1 Billion Baldwin Hills Plaza Redevelopment. Constructed in 1950 and offered for sale for the first time since completion by the original developer's family, the property has been exceptionally well-maintained and thoughtfully cared for over generations of ownership. The asset comprises approximately 7, 222 square feet of building area situated on a generous 10, 737 square foot lot. Zoned R3-1-XL and located within Tier 3 TOC, the property offers meaningful long-term development and density upside, including potential for detached ADU development (buyer to verify). The unit mix consists of six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units, with one of the two-bedroom units featuring an additional bonus/office room. All units are equipped with washer/dryer hookups. With detached garage parking, a low-basis acquisition profile, and substantial rental upside in a high-demand submarket, this offering presents investors with a compelling opportunity to acquire a well-located, generational asset with both near-term income growth and long-term value-add potential. Investors have the opportunity to capture immediate upside through the potential development of detached ADUs pursuant to SB 1211 (buyer to verify all feasibility, zoning, and entitlement requirements).Disclosure: Buyers are to conduct thorough and independent due diligence, including verifying building square footage, lot size, legal bedroom/bathroom count, parking availability, unit mix, year built, zoning, market rents, and the feasibility of ADUs or additional units. DO NOT DISTURB TENANTS OR ENTER THE PROPERTY - DRIVE-BY ONLY.
Courtesy of: Eric Dilanian, Remax Commercial and Investment Realty, ericdilanian@remaxcir.com
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