2763 San Marino St - Apartments FOR SALE


Los Angeles, CA 90006- Koreatown | 
$2,050,000 USD
310-710-3829
2763 San Marino St, Los Angeles, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/18
null | 5.79% Cap Rate

2763 San Marino St
Los Angeles, CA 90006
Koreatown


HIGHLIGHTS

  • 1988 Constructed Asset - Not Subject to City of Los Angeles Rent Control, Only Subject to AB1482 Statewide Rent Control
  • Ample Parking, There are 15 On-Site Parking Spaces for 8 Units
  • With a Walk Score of 94 ‘Walker’s Paradise’. Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment in the Immediate Area
  • Strong Employment Driver, Located Within a 10 Minute Drive to 48 Million SF of Office Space which Drivers Rental Growth
  • Transit Oriented Community, Property is Walking Distance to the Whilsire Vermont Metro Station which Allows Tenants Easy Access
  • Excellent Unit Mix: PropertyConsistsof 100% 2-Bedroom/1-Bath Units

OVERVIEW

This eight-unit multifamily property presents an attractive investment opportunity in a highly walkable and transit-oriented pocket of Los Angeles bordering Koreatown. Constructed in 1988, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance and is only subject to AB 1482 statewide rent control. Family owned for the past 13 years, the property features an excellent unit mix consisting entirely of 2-bedroom/1-bath units, along with 15 on-site parking spaces for eight units. Ideally situated near Koreatown, the property benefits from a Walk Score of 94, classified as a “Walker’s Paradise,” providing residents with convenient access to employment centers, retail, dining, and entertainment throughout the immediate area. The property is also within walking distance of the Wilshire/Vermont Metro Station, offering access to the B and D Lines and convenient connectivity throughout Los Angeles. The property is located within a 10-minute drive of approximately 48 million square feet of office space, providing access to one of the region’s largest concentrations of employment and supporting continued rental demand. Combined with its central location, transit accessibility, and proximity to major employment centers, the property is well positioned to attract tenants seeking convenient access throughout Los Angeles. With its 1988 construction, favorable rent control profile, 100% 2-bedroom unit mix, ample on-site parking, and highly walkable location, 2763 San Marino Street represents a compelling opportunity to acquire a well-located multifamily asset with strong long-term fundamentals.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

8

PRICE/UNIT

$256,250

CAP RATE

5.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,752 SF

ZONING

LAR4

APN/PARCEL ID

5077-028-024

ASK ABOUT THIS PROPERTY

Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.