2683 San Marino Street, Los Angeles, CA 90006
- $10,500,000
- List Price
- $10,500,000
- Status
- ACTIVE
- MLS#
- SR25247415
- Year Built
- 2025
- Lot Size
- 6,752
- Acres
- 0.16
- Lot Location
- 21-25 Units/Acre
- Days on Market
- 279
- 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)
Additional Information
- Heat
- Natural Gas
- Cooling
- Yes
- Cooling Description
- Central Air
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 23
- Gross Scheduled Income
- $599,472
- Operating Expense
- 169532
Listing courtesy of Listing Agent: Veer Jain (veerjain256@gmail.com) from Listing Office: Drona Realty & Mortgages.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.