We are pleased to present 3817-23 Marlborough Avenue, an eight (8) unit multi-family property in the Castle neighborhood of vibrant and diverse City Heights. Located just 1/2 block south of University Avenue, the commercial core of the neighborhood, this property is within walking distance of local markets, restaurants, schools and public transportation.

Built in 1958, the property consists of seven (7) 2bed/1bath units and one (1) 1bed/1bath unit totaling 6350 square feet of living space, a 130 square foot storage room and 8 parking spaces on a 6908 square foot lot.

Current rents are below market, even considering the property has not been renovated. The buyer looking to revitalize this investment could see a potential rental increase of 40% or more.

The last 20 years has seen both public and private redevelopment efforts take hold in City Heights with the addition of new schools, library, community center and urban retail ventures. In recent years we’ve seen the renovation of many of these mid-century apartment buildings, creating contemporary designer-inspired living environments. Click here for the Offering Summary.