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.