4197 Marlton Avenue, Los Angeles, CA 90008
Property
Sold March 2026
Listing Agent: Eric Dilanian (DRE #01951699) · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Eric Dilanian · Remax Commercial and Investment Realty · MLS #26653673 · Source: CRMLS
About this property
We are pleased to present the exclusive offering of an 8-unit value-add multifamily investment opportunity located at 4197 Marlton Avenue, adjacent to Baldwin Hills and just one block from the planned $1 Billion Baldwin Hills Plaza Redevelopment. Constructed in 1950 and offered for sale for the first time since completion by the original developer's family, the property has been exceptionally well-maintained and thoughtfully cared for over generations of ownership. The asset comprises approximately 7,222 square feet of building area situated on a generous 10,737 square foot lot. Zoned R3-1-XL and located within Tier 3 TOC, the property offers meaningful long-term development and density upside, including potential for detached ADU development (buyer to verify). The unit mix consists of six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units, with one of the two-bedroom units featuring an additional bonus/office room. All units are equipped with washer/dryer hookups. With detached garage parking, a low-basis acquisition profile, and substantial rental upside in a high-demand submarket, this offering presents investors with a compelling opportunity to acquire a well-located, generational asset with both near-term income growth and long-term value-add potential. Investors have the opportunity to capture immediate upside through the potential development of detached ADUs pursuant to SB 1211 (buyer to verify all feasibility, zoning, and entitlement requirements).Disclosure: Buyers are to conduct thorough and independent due diligence, including verifying building square footage, lot size, legal bedroom/bathroom count, parking availability, unit mix, year built, zoning, market rents, and the feasibility of ADUs or additional units. DO NOT DISTURB TENANTS OR ENTER THE PROPERTY - DRIVE-BY ONLY.
Listing description from the March 2026 sale, as reported to CRMLS.
Sale history