2769 San Marino St, Los Angeles, CA 90006
2769 San Marino St, Los Angeles, CA 90006
2769 San Marino St, Los Angeles, CA 90006
2769 San Marino St, Los Angeles, CA 90006
2769 San Marino St, Los Angeles, CA 90006
2769 San Marino St, Los Angeles, CA 90006
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$ 2,050,000
Est. payment | /mo

16 Beds

8 Baths

6,080 SqFt


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$ 2,050,000
Est. payment | /mo
Save

16 Beds

8 Baths

6,080 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,080 sqft

Price per Sqft $337

MLS Listing ID 26871787

Bedrooms 16

Year Built 1987

Lot Size 6,750 Sqft

Acres 0.155

Property Sub-Type Multi-Family

Property Description

We are pleased to offer for sale 2769 San Marino Street, an eight-unit apartment community bordering the Koreatown neighborhood of Los Angeles, just east of Vermont Avenue and north of Olympic Boulevard.Built in 1987, the property rises two stories over ground-level parking and comprises 6,080 square feet on a 6,750-square-foot lot. All eight residences are two-bedroom, one-bathroom floor plans, a uniform configuration that simplifies renovation, leasing, and ongoing management. Residents are served by 15 parking spaces and on-site laundry. By virtue of its 1987 construction, the property is not subject to the Los Angeles Rent Stabilization Ordinance; rents are instead governed by AB 1482. Significant rental upside remains, available to a new owner through ordinary turnover and interior renovation rather than through a repositioning of the asset. The immediate area is highly walkable and well served by transit. The property carries a Walk Score of 94, and the Wilshire/Vermont Station, served by the Metro B and D Lines, sits a short walk to the north, with several Metro bus lines and the DASH Wilshire Center/Koreatown circulator running within a few blocks. The Wilshire corridor's office base, Southwestern Law School, and Koreatown's restaurants and retail immediately to the west anchor a deep tenant pool, one that continues to draw households priced out of the surrounding submarkets.For a buyer underwriting durable in-place income alongside a defined path to market rents, 2769 San Marino Street offers a straightforward execution in a long-established rental submarket.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Covered Parking, Uncovered

Garage Spaces 15.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Marcus & Millichap

Nearby Locations

Eddie Arnez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(954) 305-1314

earnez@rodeore.com

12345 Ventura Blvd, Studio City, CA, 91604, USA

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2769 San Marino St