7142 Marshfield Way, Los Angeles, California 90046, Los Angeles, 90046 - 4 bed, 4 bath

7142 Marshfield Way, Los Angeles, California 90046 home-pic-0
ACTIVE$2,200,000
7142 Marshfield Way, Los Angeles, California 90046
4Beds
4Baths
2,880Sqft
6,759Lot

Price Vs. Estimate

The estimated value ($2,200,000) is $0 (0%) lower than the list price ($2,200,000). This property may be overpriced.

Key pros and cons

Top Pros:
Multifamily Zoning & Income Potential: The nearly 7,000 sq ft lot is zoned multifamily and already recorded as a 4-unit dwelling, allowing for seamless conversion and significant income potential.
Top Cons:
Historic Property Age: Built in 1905, the property's age, despite renovations, may raise concerns about underlying infrastructure, long-term maintenance, or potential historical preservation restrictions.

Compared to the nearby listings

Price:$2.20M vs avg $2.27M ($-75,000)47%
Size:2,880 sqft vs avg 2,309 sqft67%
Price/sqft:$764 vs avg $98718%

More Insights

Built in 1905 (120 years old).
Condition: Despite being built in 1905, the property has undergone a full and extensive renovation, as explicitly stated in the description and evidenced by the images. The kitchen features new, modern stainless steel appliances, unique red travertine countertops and backsplash, and stylish two-tone cabinetry. Bathrooms are equally impressive with modern fixtures, a freestanding soaker tub, designer tiles, and updated vanities. Throughout the home, new flooring (hardwood, modern tile), contemporary lighting fixtures, and custom millwork indicate that all components are virtually new and meet current quality standards, with no visible deferred maintenance.
Year Built
1905
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$764
HOA
-
Days on market
-
Sold On
-
MLS number
SB25169627
Home ConditionExcellent
Features
Pool
Patio
View-

About this home

2 YEAR RATE BUY DOWN. Offering a potential savings of up to 40k for the two year buy down. Fully renovated and move-in ready, this 4 bed, 4 bath home offers rare flexibility and hidden value. With two ensuite bedrooms, all new appliances, and gated privacy, it’s perfectly suited for owner-users or creative investors. Out back, you’ll find a newly built patio with a dining area and a cowboy pool — a perfect setup for laid-back entertaining and tenant appeal. The interiors have been thoughtfully designer touched with romantic archways, marble tiles, red travertine countertops and stunning millwork detailing throughout. All bedrooms have integrated designer wood closet build outs and creative lighting layouts. The back of the home features a luxury primary suite with lofted ceilings, raw brass sconces, integrated custom closet and vanity, and en suite full primary bathroom. Relax in an oversized soaker tub and large glass enclosed corner shower, double sink vanity and designer polished nickel fixtures throughout. Too many stunning details to list, must see for yourself. The nearly 7,000 sq ft lot is zoned multifamily and already recorded as a 4-unit dwelling, allowing for a seamless conversion to multifamily use from day one. Off-street parking for up to 6 vehicles adds major convenience. Whether you're looking for a turnkey residence with income potential or a property to reimagine entirely, Marshfield is the kind of asset that rarely hits the open market.

Price History

Date
Event
Price
09/17/24
Sold
$730,000
Condition Rating
Excellent

Despite being built in 1905, the property has undergone a full and extensive renovation, as explicitly stated in the description and evidenced by the images. The kitchen features new, modern stainless steel appliances, unique red travertine countertops and backsplash, and stylish two-tone cabinetry. Bathrooms are equally impressive with modern fixtures, a freestanding soaker tub, designer tiles, and updated vanities. Throughout the home, new flooring (hardwood, modern tile), contemporary lighting fixtures, and custom millwork indicate that all components are virtually new and meet current quality standards, with no visible deferred maintenance.
Pros & Cons

Pros

Multifamily Zoning & Income Potential: The nearly 7,000 sq ft lot is zoned multifamily and already recorded as a 4-unit dwelling, allowing for seamless conversion and significant income potential.
Extensive High-End Renovation: Fully renovated with designer touches, including romantic archways, marble tiles, red travertine countertops, stunning millwork, and a luxury primary suite.
Significant Financial Incentive: A 2-year rate buy-down is offered, potentially saving the buyer up to $40,000, enhancing affordability and appeal.
Ample Off-Street Parking: Provides convenient off-street parking for up to 6 vehicles, a highly desirable amenity in Los Angeles.
Turnkey & Move-in Ready: The home is fully renovated and move-in ready, minimizing immediate expenses and effort for the new owner or investor.

Cons

Historic Property Age: Built in 1905, the property's age, despite renovations, may raise concerns about underlying infrastructure, long-term maintenance, or potential historical preservation restrictions.
Lack of Explicit HVAC Details: The description does not explicitly mention a modern central air conditioning or heating system, which could be a significant drawback in Los Angeles' climate.
Niche Outdoor Feature: The 'cowboy pool' may not appeal to all luxury buyers who might expect a more traditional or larger in-ground pool for a property at this price point.

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