Marathon.5128 (Jardinette) — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90038

Description

The Jardinette Apartments have recently undergone a comprehensive program of capital improvements and restoration, significantly upgrading the building’s infrastructure and interior systems while maintaining the historic character of the property. The renovation program focused on modernizing major building systems, improving structural integrity, and enhancing residential functionality in accordance with current building standards. Extensive work has been completed across multiple building systems, including structural, electrical, plumbing, mechanical, fire protection, and building envelope improvements. Structural upgrades and framing improvements were implemented to reinforce the building while preserving the original architectural design. Interior improvements included new framing, insulation, and drywall installation, along with substantial upgrades to the basement level. The building’s infrastructure has been modernized with all new electrical systems, plumbing systems, gas lines, and mechanical systems, providing long-term operational efficiency and reliability. Electrical improvements include new service upgrades coordinated with Los Angeles Department of Water and Power (LADWP), along with new electrical fixtures, outlets, and lighting throughout the building. The plumbing system has been fully upgraded with new plumbing infrastructure, new plumbing fixtures, and a new water boiler system, supported by an upgraded LADWP plumbing service connection. Mechanical improvements include updated heating and cooling systems to improve comfort and efficiency for residents. Life-safety systems have also been significantly enhanced through the installation of new fire alarm and fire sprinkler systems throughout the building. Additional improvements include the installation of new windows, restoration of the building envelope, and the construction of custom-built kitchen cabinetry and countertops fabricated on site. Residential improvements also include the voluntary c

Market Context

This multifamily in Los Angeles, CA is listed for sale. It has been on the market for 114 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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