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.
For sale
Listed by: West Shores Realty, Inc. • Joshua Gibson • Contact: 310-541-8000
$1,190,000
7148 Marshfield Way, Los Angeles, CA 90046
2beds
1,236sqft
Single Family Residence
Built in 1916
4,486 Square Feet Lot
$1,151,000 Zestimate®
$963/sqft
$-- HOA
What's special
- 147 days |
- 400 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Joshua Gibson DRE #02204427 310-541-8000,
West Shores Realty, Inc.
Source: CRMLS,MLS#: SB26038611
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Cooling
- Ductless
Appliances
- Included: Dryer, Washer
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,236 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 4,486 Square Feet
- Features: Item01UnitAcre
Details
- Parcel number: 5548008021
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1916
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $963/sqft
- Tax assessed value: $630,000
- Annual tax amount: $7,710
- Date on market: 2/20/2026
- Cumulative days on market: 147 days
- Listing terms: Cash,Conventional,Submit
Estimated market value
$1,151,000
$1.09M - $1.21M
$4,550/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2026 | Listed for sale | $1,190,000-0.7%$963/sqft |
Source:  CRMLS #SB26038611 Report a problem | ||
| 10/25/2025 | Listing removed | $3,900$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/15/2025 | Listing removed | $1,198,000-0.1%$969/sqft |
Source:  SDMLS #SB25119081 Report a problem | ||
| 9/5/2025 | Price change | $3,900-8.2%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/21/2025 | Listed for rent | $4,250$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/30/2025 | Listed for sale | $1,199,000+90.3%$970/sqft |
Source: SDMLS #SB25119081 Report a problem | ||
| 9/17/2024 | Sold | $630,000-42.7%$510/sqft |
Source: CRMLS #SR24115164 Report a problem | ||
| 8/19/2024 | Pending sale | $1,100,000$890/sqft |
Source: CRMLS #SR24115164 Report a problem | ||
| 8/18/2024 | Listed for sale | $1,100,000$890/sqft |
Source: CRMLS #SR24115164 Report a problem | ||
| 8/3/2024 | Listing removed | $1,100,000$890/sqft |
Source:  Engel & Volkers #SR24115164 Report a problem | ||
| 7/11/2024 | Listed for sale | $1,100,000$890/sqft |
Source: Engel & Volkers #SR24115164 Report a problem | ||
| 6/22/2024 | Listing removed | $1,100,000$890/sqft |
Source: Engel & Volkers #SR24115164 Report a problem | ||
| 6/7/2024 | Listed for sale | $1,100,000$890/sqft |
Source: Engel & Volkers #SR24115164 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,710 +669.7% | $630,000 +864.6% |
| 2024 | $1,002 +1.2% | $65,309 +2% |
| 2023 | $990 +3.9% | $64,029 +2% |
| 2022 | $953 +2.2% | $62,774 +2% |
| 2021 | $932 -0.6% | $61,544 +1% |
| 2020 | $938 | $60,914 +2% |
| 2019 | $938 +11.7% | $59,720 +2% |
| 2018 | $840 | $58,550 +2% |
| 2017 | $840 +1.8% | $57,403 +2% |
| 2016 | $825 +4.1% | $56,278 +1.5% |
| 2015 | $792 -0.5% | $55,434 +2% |
| 2014 | $796 | $54,349 +2.5% |
| 2012 | -- | $53,044 +2% |
| 2011 | -- | $52,005 +0.8% |
| 2010 | -- | $51,617 -0.2% |
| 2009 | -- | $51,741 +2% |
| 2008 | -- | $50,727 +2% |
| 2007 | -- | $49,733 +2% |
| 2006 | -- | $48,759 |
| 2005 | -- | $48,759 +4% |
| 2004 | -- | $46,868 +1.9% |
| 2003 | -- | $46,010 +2% |
| 2002 | -- | $45,108 +4% |
| 2000 | -- | $43,359 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Hollywood
Nearby schools
GreatSchools rating
- 8/10Gardner Street Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10Hubert Howe Bancroft Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Hollywood Senior High SchoolGrades: 9-12Distance: 0.4 mi
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