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2916 Marsh St, Los Angeles, CA 90039
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2916 Marsh St Los Angeles, CA 90039

$1,200,000
  • 7 Beds
  • 4 Baths
  • 3,088 Sq.Ft.
For Sale
$1,200,000 Get Pre-Qualified
Map preview of 2916 Marsh St, Los Angeles, CA 90039

Property Overview: 2916 Marsh St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,088 living square feet and 4,953 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Marsh Street is a duplex value-add opportunity located in Los Angeles City in the submarket of Elysian Valley. Delivered with one vacant unit Marsh is deal for an owner-user. Unit 2918 is currently vacant, which will allow a subsequent buyer to renovate the unit and pursue top of the market rents. The property features (3) individual parking spaces located in the back of the building. The spaces are accessed through the driveway which is secured by an electronic gate.

Listed by Elliot Hassan | BRE #01481211 | NorthMarq Realty Services, Inc.
Last checked: 35 seconds ago | Last updated: May 31st, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
4,953
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24395315
City
Los Angeles
County
Los Angeles
Time on Site
38 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $4,498
  • Total Rent: $5,250
  • Pro Forma/Market Rent: $4,498
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.09%
  • Gross Rent Multiplier: 14.09
  • Gross Scheduled Income: --
  • Net Operating Income: $61,139
  • Gross Operating Income: $85,176
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2916 Marsh St

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Property Details for 2916 Marsh St

Interior Features
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway, Gated
Property Information
  • Total # of Units: 2
  • Parcel Number: 5442028002
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Marsh Street rests in the northern most part of Elysian Valley, an upcoming pocket of Los Angeles. Marsh Street is located next to the 5 and 2 Freeways which provides access to nearly every submarket from Downtown Los Angeles to the San Fernando Valley. The building is nestled on a dead-end street just in front of the Los Angeles River.
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Local Los Angeles Agent

Sale History for 2916 Marsh St

Last sold for $375,000 on June 25th, 2010

  • May, 2024

  • May 23, 2024

    Date

    Active

    CRMLS: 24395315

    $1,200,000

    Price

  • June, 2010

  • Jun 25, 2010

    Date

    Sold (Public Records)

    Public Records

    $375,000

    Price

  • July, 2005

  • Jul 22, 2005

    Date

    Sold (Public Records)

    Public Records

    $700,000

    Price

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Tax History for 2916 Marsh St

Assessed Value (2020): $442,599
Year Land Value Improved Value Assessed Value
2020 $265,560 $177,039 $442,599

Home Value Compared to the Market

This property vs the competition

2916 Marsh St is listed 2.91% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $388.6 per/sqft which puts the price per square foot 49.86% lower than the median price per square foot for the city of Los Angeles.

About 2916 Marsh St

Detailed summary of property

2916 Marsh St is a multi family located in Los Angeles, CA 90039 and is currently for sale. This multi family property offers 7 bedrooms, 4 bathrooms, roughly 3,088 living square feet, and sits on an approximately 4,953 square foot lot. 2916 Marsh St was first listed on ArdentRealEstateGroup.com on May 23, 2024. The homeowner is currently asking $1,200,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2.91% lower than the median priced home. Local competing homes currently for sale include 1804 Echo Park Ave, 1804 Echo Park Ave and 4146 W Avenue 42. While the average home in Los Angeles, CA is selling in 99 days, 2916 Marsh St has a days on market of 39 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 2916 Marsh St Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2916 Marsh St

Public county record property details
Beds
7
Baths
4
Year built
1923
Sq. Ft.
3,088
Lot Size
4,952
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
44,45
APN
5442-028-002

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,459,000
Median List Price/Sq.Ft.
$897
Median Sold Price
$1,840,000
Median Sold Price/Sq.Ft.
$1,277
Total Inventory
52
Median Sale to List Price %
102.28%
Avg Days on Market
21
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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