7148 Marshfield, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 1 bath
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Los Angeles, California 90046
This Renovated Multifamily Development Asset is listed at $1,190,000, representing a stable acquisition price closely aligned with its $1,134,977 Fair Market Value. The property holds an impressive Condition Rating of 2, featuring an extensive Gibson House renovation with a modern kitchen and designer finishes. While providing immediate rental income, the primary value lies in the R3-1 Zoning, offering significant density upside for multifamily redevelopment in the high-demand Hollywood market. Located within the Los Angeles Unified district, this turnkey investment is perfectly suited for Multifamily Developers or Portfolio Investors.
Property is new construction or fully renovated.
Despite the 1916 build date, the property has undergone an extensive and stylish renovation by Gibson House. The interior features a modern kitchen with stainless steel appliances, shaker cabinetry, and subway tile backsplashes. The bathroom is fully updated with contemporary hex-tile flooring and fixtures. With refinished hardwood floors, updated lighting, and a well-maintained exterior, the property shows no signs of deferred maintenance and meets modern quality standards.
The R3-1 zoning provides a rare opportunity for high-density redevelopment, allowing for the construction of multiple units in a supply-constrained Hollywood market.
The property is currently tenant-occupied, offering investors immediate cash flow to offset carrying costs while navigating the permitting or planning process.
Situated in the desirable 90046 zip code, the property benefits from high demand due to its proximity to major entertainment hubs, dining, and employment centers.
Built in 1916, the existing structure likely faces deferred maintenance and outdated systems, which may necessitate a full teardown or costly modernization.
Tenant occupancy and 'do not disturb' restrictions can complicate the due diligence process, property inspections, and the timeline for vacant possession.
R3-1 Zoned | Income in Place | Multifamily Upside 7148 Marshfield Way presents a rare opportunity to acquire an income-producing property with R3-1 multifamily zoning. The home is currently tenant-occupied, providing immediate rental income while offering long-term redevelopment potential. Interiors by Gibson House. R3 zoning allows for multifamily construction (buyer to verify density, setbacks, and development standards), creating multiple strategic options: hold for cash flow, add units where permissible, or redevelop to maximize land value. Investor and developer ready — properties combining in-place income with true density upside are increasingly scarce. Tenant occupied. Do not disturb.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 20% |
| Baths | 1.0 | 3.0 | 5% |
| Square foot | 1,236 | 2,338 | 5% |
| Lot Size | 4,486 | 7,611 | 9% |
| Price | $1.19M | $2.33M | 9% |
| Price per sq ft | $963 | $963 | 50% |
| Built year | 1916 | 1957 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 183 | 4% |
Feb 20, 2026
$1,190,000
Initial Listing
Sep 17, 2024
$630,000
Public Record