$10,000 Closing Credit¹
#PV25073560, Shawn Nejad, Listing Office: Berkshire Hathaway HomeService
$3,850,000 List price
4121 Marmion Way Los Angeles, CA 90065
0.4 acres
Condo
Property details
About 4121 Marmion Way
9.48% Proforma CAP Rate in an excellent area with 31% vacancies! A beautifully located prime 16-unit Value-Add apartment in the desirable Mount Washington neighborhood of Los Angeles. This well-maintained property is located right off Figueroa St and at the border of Highland Park and South Pasadena. It is surrounded by mature residential neighborhoods and within walking distance of many attractions in Mount Washington area (Lumis House, Southwest Museum, and Metro Gold Line Heritage Square Station). This property is in a mature area and surrounded by single family homes. It has excellent demographics with ±$122,496 average household income within a-mile radius The property is a two-story garden style apartment. It offers excellent curb appeal and is very well maintained with a serene center courtyard. It was built in 1965, has a total of ±11,984sqft building size, and situated on a large ±17,441SF lot. The property has a new roof that was installed in 2021 and several front windows have been upgraded with dual pane windows. The foundation has been bolted and seismic retrofit of the property was completed in 2015. It offers an excellent unit mix of eight (8) large 2bedroom+1bathroom, and eight (8) large 1bedroom+1bathroom units. Five units are currently vacant and can be delivered vacant at close of escrow. The 2-bedroom units are large with excellent layout (estimated size are ±925-1000SF – buyer to verify), and the 1-bedroom units are spacious with functional layout (est. size ±700-800SF – buyer to verify). Each unit has a large living room, wall heater, windows A/C, and a full kitchen. The front facing units (4 units) have updated double pane windows. None of the units have been updated, which presents unique opportunities for new owners to do their value-add work and increase the rents significantly. The current rental income is significantly below market (est. about ±59%). Each unit is individually metered for electricity and gas. The units are large and bright which makes them very attractive and easy to rent. There are 16 open parking spaces in the back (no soft story retrofit is required) with alley access to the parking lot. The property is serviced by a master water heater, and a shared laundry room (seller own machines).
Highlights
Home typeCondominium
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Lot size0.4005 Acres
Year built1965
ParkingAssigned, Paved
MLS #AR25026935
ViewNeighborhood
Summary
- Appliances: Disposal, Gas Range, Refrigerator
- Flooring Type: Laminate, Vinyl
- Fireplace: None
- Private Pool: No
- Parking: Assigned, Paved
- View: Neighborhood
- Architectural Style: Mid-Century Modern
- Heating: Wall Furnace
- Cooling: Wall/Window Unit(s)
- List Price: $3,850,000
- Annual Tax Amount: $29,016
- Tax Year: 2024
- Lot: Landscaped, Near Public Transit, Rectangular Lot
- Directions: From Highland Park take Figueroa St towards PAsadena Ave, make right on Marmion Way
- Year Built: 1965
- Stories: 2
- Lot Size: 0.4005 Acres
- MLS Number: AR25026935
- MLS Name: CRMLS
- Office Name: Growth Investment Group Pasade
- Office Email: han.chen@growthinvestmentgroup.com
- Listing Agent: Han Chen
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,850,000
4121 Marmion Way
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 29, 2010 | Home Sold | $1,748,000 |
| Mar 28, 2005 | Home Sold | $1,725,010 |
| Nov 05, 2002 | Home Sold | $725,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,198,779 | $29,016 |
| 2023 | $2,155,729 | $28,470 |
| 2022 | $2,113,523 | $27,187 |
| 2021 | $2,072,145 | $26,793 |
| 2020 | $2,047,731 | $26,016 |
| 2019 | $2,007,580 | $25,672 |
| 2018 | $1,968,216 | $25,089 |
| 2017 | $1,929,625 | $25,089 |
History based on county public records data.
Nearby schools
6
Latona Elementary School
Public District PK-6
0.5 mi
•4312 Berenice Ave
5
Loreto Street Elementary
Public District KG-5
0.6 mi
•3408 Arroyo Seco Ave
5
Hillside Elementary
Public District KG-5
0.6 mi
•120 E Avenue 35
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,082. The most common annual income of people living in Los Angeles, CA is less than $<35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
46%
<35k
29%
35k-100k
20%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
55%
Single, No Kids
13%
Single, with Kids
17%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
6%
12-17 yrs old
24%
18-34 yrs old
45%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Hiking/backpacking
Pro Boxing
Where do the neighbors shop?
Banana Republic
Bloomingdales
IKEA
Where do the neighbors go to eat?
Jack In The Box
Starbucks
Quiznos
What do the neighbors drive?
Toyota
Audi
Lexus
What do the neighbors listen to?
Jazz
Alternative- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4121 Marmion Way
The listing price of 4121 Marmion Way property is $3,850,000.
The property 4121 Marmion Way is a condo located in Los Angeles, California, 90065.
Active Listing: 4121 Marmion Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4121 Marmion Way are: Latona Elementary School (GreatSchools Rating 6/10), Loreto Street Elementary (GreatSchools Rating 5/10), Hillside Elementary (GreatSchools Rating 5/10), Florence Nightingale Middle School (GreatSchools Rating 5/10), Arroyo Seco Museum Science (GreatSchools Rating 6/10), Glen Alta Span School (GreatSchools Rating 6/10), Los Angeles Leadership Academy (GreatSchools Rating 4/10), Academia Avance Charter (GreatSchools Rating 1/10), Pueblo de los Angeles Continuation (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $29,016 (source: MLS/based on county public records data).
The last sale was on September 29, 2010 for $1,748,000 (source: MLS/tax record).
The property at 4121 Marmion Way has 0 bathroom.
The year of construction for 4121 Marmion Way is 1965.
This home is located at 4121 Marmion Way in Los Angeles, CA and zip code 90065 in the Northeast LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 5, 2025 and is currently priced at $3,850,000.
Over 395 listings were sold over their listed price in April 2025 in Los Angeles, CA. In the same period over 328 listings were sold below the listed price and 148 listings were sold for the listed price. The number of homes for sale in Los Angeles, CA increased by 10.2% between March and April 2025. In April 2025 median list price was $896,516 and the average listing age was 36 days.
From Rocket Homes Real Estate and based on county public records data.