3505 Marguerite Street consists of 2 legal and 2 un-permitted & non-conforming units occupied with rent-controlled tenants. Built-in 1925, the subject property is comprised of three separate structures: a front duplex, a middle bungalow, and a back house.
4 Units in Glassell Park Opportunity Zone
3505 Marguerite Street, Highland Park
Property Details.
Price $800,000
Year Built 1925
# of Units 4
Price P/ Unit $200,000
Sq. ft. 2,597
Price p/ Sq. ft. $308
Current Cap Rate 6.44%
Proforma Cap Rate 8.84%
Lot Size 9,810 SF
Zoning LARD2
3505 Marguerite Street
Los Angeles, CA 90065
Los Angeles, CA 90065
About the Property
The Opportunity
Additionally, the site is located in an opportunity zone that qualifies the owner for a special tax incentive program.
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