2649 San Marino Street

    Los Angeles (City), CA 90006
    • $3,307,500
    • STATUS: Active Under Contract
    • ON SITE: 153 days
    • ID#: 18364524
    Under Contract
    UPDATED: 63 min ago
    $3,307,500
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,036
      SQFT
    • $412
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    This is an eight-unit multifamily investment opportunity located in the Koreatown submarket of Los Angeles. This income generating property consists of two adjacent fourplexes, composed of two bedroom / one bathroom units with a balcony or patio. (2649-2655 San Marino Street). Centrally located between Koreatown and Downtown Los Angeles, walking distance from public transportation and popular restaurants. This property is a great option for developers looking to build in the booming Los Angeles market. This property is entitled for a 46-unit, 8-story new construction complex with basement parking, This project takes advantage of the Transit Oriented Communities (TOC) incentives. Properties currently vacant.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T14:29:48.957. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/85615547

    2649 San Marino Street Los Angeles (City), CA 90006

    • Price: $3,307,500
    • Status: Active Under Contract
    • Updated: 63 min ago
    • ID#: 18364524
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    8,036
    SQFT
    $412
    $/SQFT
    1913
    Built
    Neighborhood:
    Koreatown
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    This is an eight-unit multifamily investment opportunity located in the Koreatown submarket of Los Angeles. This income generating property consists of two adjacent fourplexes, composed of two bedroom / one bathroom units with a balcony or patio. (2649-2655 San Marino Street). Centrally located between Koreatown and Downtown Los Angeles, walking distance from public transportation and popular restaurants. This property is a great option for developers looking to build in the booming Los Angeles market. This property is entitled for a 46-unit, 8-story new construction complex with basement parking, This project takes advantage of the Transit Oriented Communities (TOC) incentives. Properties currently vacant.
    Exterior Features

    Lot Size Source Estimated Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Laundry Features None

    Property Features

    Gross Multiplier 0.00 Gross Operating Income 0.00 Improvements Amount 229500 Land Value 816000 Laundry YN No Net Operating Income 0.00 Special Listing Conditions Standard Subdivision Name Other Koreatown Total Expenses 0.00 Zoning Lar4

    Listing provided courtesy of Sandra Park of Ecc Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T14:29:48.957. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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