About 2305 Marvin Avenue
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.
Features of 2305 Marvin Avenue
| MLS® # | 25607459 |
|---|---|
| Price | $2,000,000 |
| Sold Price | $1,800,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Square Footage | 5,332 |
| Lot Sqft | 6,503 |
| Acres | 0.15 |
| Year Built | 1957 |
| Type | Residential Income |
| Status | Closed |
| # Of Units | 7 |
Community Information
| Address | 2305 Marvin Avenue |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90016 |
Amenities
| Parking Spaces | 7 |
|---|---|
| Parking | Driveway, Side By Side, Uncovered |
| Garages | Driveway, Side By Side, Uncovered |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Has Basement | No |
| Fireplace | No |
| Stories | Multi/Split |
Exterior
| Foundation | Slab |
|---|
Additional Information
| Date Listed | October 13th, 2025 |
|---|---|
| Date Sold | November 5th, 2025 |
| Days on Market | 2 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Taylor Avakian |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |