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
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
Los Angeles, CA 90065
About the Property
Additionally, the site is located in an opportunity zone that qualifies the owner for a special tax incentive program.
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