2683 San Marino Street, Los Angeles, CA 90006
- $10,500,000
List Agent Veer Jain () 805-573-8337 Drona Realty & Mortgages; CoList ()
- List Price
- $10,500,000
- Status
- ACTIVE
- MLS#
- SR25247415
- Year Built
- 2025
- Lot Size
- 6,752
- Lot Location
- 21-25 Units/Acre
- Days on Market
- 280
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
23-Unit | New Construction | Section 8 Tenants | No Rent Control Property Overview Situated in the heart of Koreatown, 2683 San Marino St is a brand-new 23-unit multifamily development completed in 2025. Rising six stories, this contemporary building offers a unit mix of 1-bedroom, 1-bathroom units which is extremely popular in this area demographic and is ideally positioned for long-term cash flow and stability. Investment Highlights NEWLY CONSTRUCTED 2025 – Modern construction, low maintenance No Rent Control Section 8 Approved – Stable, guaranteed rental income 13 Parking Spaces – On-site tenant convenience Potential to Add 2 ADUs – Expand cash flow Offering Details Price: Unpriced – Submit Best Offer CAP Rate (Pro Forma): 4.15% GRM: 17.34 Lot Size: 15,500 SF Stories: 6 Units: 23 (All 1 Bed / 1 Bath)
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Additional Information
- Heat
- Natural Gas
- Cooling
- Yes
- Cooling Description
- Central Air
- Water
- Public
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