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.
| MLS # | SB26038611 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1916 |
| Days On Site | 193 |
| Listing Provided By | West Shores Realty, Inc. | Joshua Gibson |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,236 |
| Story(s) | 1 |
| Units | 1 |
| Acreage | 0.10 |
| Property View | None |
| Cooling | Ductless |
|---|---|
| Cooling Yes / No | Yes |
| Interior Features | All Bedrooms Down |
| Appliances | Dryer, Washer |
| Fireplace Yes / No | No |
| Lot Features | Item01Unit Acre |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Urban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90046 |
| Area | C20 Hollywood |
| Listing VS Median (in 90046) | |
Price: $1,190,000 low | high Med: $2,442,500 sqft: 1,236 low | high Med: 4,268 $ / sqft: $963 low | high Med: $715 On site: 193 low | high Med: 207 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90046 |
| Area | C20 Hollywood |
| Listing VS Median (in 90046) | |
Price: $1,190,000 low | high Med: $2,442,500 sqft: 1,236 low | high Med: 4,268 $ / sqft: $963 low | high Med: $715 On site: 193 low | high Med: 207 | |