Description
Built in 1928, the property features One Bedroom and Two Bedroom floorplans. Nineteen (19) of Thirty (30) units have been completely renovated, featuring stainless steel appliances, quartz countertops, stainless chrome designer fixtures, and hardware, new modern cabinetry, and wood-inspired flooring. Upper-Level units have views of the Hollywood sign, cityscape, and surrounding treetops. A separate entrance accesses an additional income generator in a Creative/Flex/Work Space - this space is currently unrented. The Marathon Apartments also provides access to attractive building amenities, such as an on-site laundry facility and a gated parking lot steps from the property. New owners will have the opportunity to renovate the remaining 11 units to achieve significant rental premiums. Electrical & Gas utilities are separately metered. The property is one block from Virgil Avenue, just named "LA's Coolest Street" by TimeOut Media. Virgil Village is known for its vibrant cafes, bars, and neighborhood scene. Marathon Apartments' strategic location between Santa Monica Boulevard and Sunset Boulevard offers even more restaurants and entertainment options. Assumable financing with 4 1/2 years remaining and +/- 44% down payment.
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34BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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24,520SQFT
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$365$/SQFT
School Ratings & Info
Description
Built in 1928, the property features One Bedroom and Two Bedroom floorplans. Nineteen (19) of Thirty (30) units have been completely renovated, featuring stainless steel appliances, quartz countertops, stainless chrome designer fixtures, and hardware, new modern cabinetry, and wood-inspired flooring. Upper-Level units have views of the Hollywood sign, cityscape, and surrounding treetops. A separate entrance accesses an additional income generator in a Creative/Flex/Work Space - this space is currently unrented. The Marathon Apartments also provides access to attractive building amenities, such as an on-site laundry facility and a gated parking lot steps from the property. New owners will have the opportunity to renovate the remaining 11 units to achieve significant rental premiums. Electrical & Gas utilities are separately metered. The property is one block from Virgil Avenue, just named "LA's Coolest Street" by TimeOut Media. Virgil Village is known for its vibrant cafes, bars, and neighborhood scene. Marathon Apartments' strategic location between Santa Monica Boulevard and Sunset Boulevard offers even more restaurants and entertainment options. Assumable financing with 4 1/2 years remaining and +/- 44% down payment.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.