2305 S Marvin Ave

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.

This home located at 2305 S Marvin Ave is currently active and has been available on pardeeproperties.com for 8 days. This property is listed at $2,000,000. It has 11 beds and 7 bathrooms. The property was built in 1957. 2305 S Marvin Ave is in the Mid Los Angeles community of County.

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