3921 Marathon Street

Los Angeles, CA 90029

$3,250,000
Last Sold Price
8
Beds
8
Baths
4,992 Sq. Ft.
$651 / Sq. Ft.
4,992
Sq. Ft.
$651
per Sq. Ft.

Description

3921 Marathon Street located in Silver Lake (90029), is a totally reimagined and renovated 8-unit multifamily community in one of the strongest rental markets in LA. The opportunity is located on the same block as the always-full, famed Sqirl Cafe and just two short blocks from Silver Lake's Sunset Junction. The property consists of Eight (8) artfully designed and fully remodeled apartment homes that have been carefully curated to attract the area's most dynamic renter demographics. The new finishes...3921 Marathon Street located in Silver Lake (90029), is a totally reimagined and renovated 8-unit multifamily community in one of the strongest rental markets in LA. The opportunity is located on the same block as the always-full, famed Sqirl Cafe and just two short blocks from Silver Lake's Sunset Junction. The property consists of Eight (8) artfully designed and fully remodeled apartment homes that have been carefully curated to attract the area's most dynamic renter demographics. The new finishes are outstanding and include a long list of superior design elements which will keep your rents strong and retain your residents longer. Parking is provided in Ten (10) vehicle parking spaces. Each unit features an all-new kitchen with new stainless-steel appliances, new washer, and dryer, an open floor plan, large windows showcasing the spectacular city and mountain views, plenty of natural light, and other handcrafted details. Marathon provides the best variation of modern and outdoor living in a vibrant and walkable neighborhood.
  1. Listed by Nick Astrupgaard • DRE #01893466 • Brokerage DRE #01208019 • KW Commercial Studio City
  2. Listed by Rich Johns • DRE #01432215 • Brokerage DRE #01208019 • KW Commercial Studio City

Property Details for 3921 Marathon Street

Zoning
LARD1.5
Parcel Number
5539018003
Total Units
8.0
Living Area
4992
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
0%
Lot Size Area
7759

Location

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Sold By KW Commercial Studio City, Rich Johns, DRE #01432215; KW Commercial Studio City, Nick Astrupgaard, DRE #01893466

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LISTING UPDATED: 12/20/2021 02:32 PM

Property Details for 3921 Marathon Street

StatusSold
MLS #21-792042
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.18 AC / 7,759 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Sold By KW Commercial Studio City, Rich Johns, DRE #01432215; KW Commercial Studio City, Nick Astrupgaard, DRE #01893466

Add your commute

Building Information for 3921 Marathon Street

Stories2Residences-Year Built1924Building Size-Lot Size0.18 AC / 7,759 SF

Payment Calculator

$21,147 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,737

Property Taxes

$3,410

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3921 Marathon Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $217,356
  • Net Operating Income: $145,977.00
  • Gross Income: $221,791
  • Cap Rate: 4.30%
  • Gross Rent Multiplier: $15.30
  • Total Annual Expense: 71379
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1777
  • Lot Size Square Feet: 7759
Parking Details
Parking Details
  • Parking Garage: Carport, Assigned
  • Total Parking: 10
  • Parking Features: Carport, Assigned
Interior Features
Interior Features
  • Cooling Type: Ceiling Fan
  • Heating Type: Other
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-05-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,274.00
  • Unit Actual Rent: $18,195.00
  • Unit Projected Rent: $19,700.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $445,707.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $1,039,983.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,485,690.00

Property History for 3921 Marathon Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3921 Marathon Street

Taxable ValueLand$2,320,500Additions$995,780Total$3,316,280
Tax Record2023$40,924 ($3,410 / month)
Home Facts
Total Finished SqFt4,992 SqFtAbove Grade Finished SqFt4,992 SqFtLot Size7,759 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLARD1.5CountyLOS ANGELESAPN5539-018-003

Schools near 3921 Marathon Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Dayton Heights Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Camino Nuevo High No. 2
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.