2305 S Marvin Ave, Los Angeles, CA 90016

Property Overview

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2305 S Marvin Ave, also known as The Marvin, is a seven-unit multifamily property located in the heart of Los Angeles’ high-demand Mid-City neighborhood. Surrounded by major employment and lifestyle hubs—Culver City, West Adams, and Beverly Hills—the property offers investors a rare, fully vacant asset primed for repositioning. With strong fundamentals, recent system upgrades, and 100% control of leasing strategy, The Marvin provides a clean canvas for immediate value creation and stable cash flow upon stabilization.

Built in 1957, the 5,332-square-foot building sits on a 6,490-square-foot LARD1.5-zoned lot and features a well-balanced mix of (4) two-bedroom and (3) three-bedroom units averaging 702 square feet. All units are bright, spacious, and ideal for cosmetic renovation or full interior modernization to attract premium tenants. The property includes seven on-site parking spaces—an attractive amenity in this dense submarket—and benefits from major capital improvements, including a new roof (2025) and copper plumbing.

At the offering price of $2,000,000 ($285,714 per unit / $375 per SF), The Marvin projects a 6.77% cap rate on market rents of approximately $2,125–$2,595 per unit. With low operating costs, strong tenant demand, and a prime central location, the asset stands out as a scalable, turn-key opportunity in one of LA’s most resilient rental corridors.

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Key Property Details

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• Location: 2305 S Marvin Ave, Los Angeles, CA 90016
• Lot Size: 6,490 square feet
• Total Building Area: 5,332 square feet
• Units: 7 (4 × 2BR/1BA, 3 × 3BR/1BA)
• Zoning: LARD1.5
• Year Built: 1957
• Parking: 7 spaces
• Rent Control: Yes (RSO)

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Investment Highlights

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• Fully Vacant Value-Add Opportunity: All seven units delivered vacant—allowing investors to renovate and lease at market rents from day one.
• Attractive Basis: Offered at $2,000,000 (~$285K per unit / $375 per SF) with strong in-place pro forma returns and long-term appreciation potential.
• Strong Pro Forma Income: Projected annual gross income of ~$201,060 with a 6.77% cap rate on pro forma, supported by solid market comparables.
• Recent Capital Upgrades: New roof (2025) and copper plumbing reduce near-term maintenance costs and enhance operational efficiency.
• Desirable Unit Mix: Spacious 2BR and 3BR layouts with abundant natural light—ideal for professionals and families seeking centrally located housing.
• Parking & Ancillary Income: Seven parking spaces offer potential for additional monthly revenue.
• Stable Mid-City Submarket: Proven multifamily demand in a tight market with low vacancy and consistent rent growth.
• Tax Advantages: Eligible for 100% bonus depreciation and cost segregation benefits for qualifying investors.

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Neighborhood and Accessibility

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Located in Los Angeles’ rapidly evolving Mid-City corridor, The Marvin offers residents convenient access to major employment centers in Culver City, Koreatown, and Beverly Hills, along with nearby retail and entertainment along Adams Boulevard and La Brea Avenue. The area’s walkability, transit connectivity, and central location make it a sought-after destination for working professionals and creative tenants alike. With continued infrastructure investment and ongoing revitalization, Mid-City remains one of LA’s most resilient and opportunity-rich multifamily markets.

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Market Trends and Financial Potential

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• Current Occupancy: 0% (Delivered Vacant)
• Current / Pro Forma Cap Rate: 6.77%
• Price Per Unit (PPU): $285,714
• Price Per SF (PPSF): $375.09
• Annual Gross Income (Pro Forma): $201,060
• Total Expenses: ~$55,701
• Net Operating Income (Pro Forma): $135,306
• Loan-to-Value (Proposed): ~78% with 6.00% interest rate

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl