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2631 San Marino Street

Los Angeles (City), CA 90006
  • $1,275,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 22183983
Price Reduced
UPDATED: 32 min ago
$1,275,000
  • 8
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,680
    SQFT
  • $272
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1916
County:

School Ratings & Info

Listing Agent(s): Julio Ruiz of Global Platinum Properties, Inc. (818-524-0706) and Armin Soleimani of Global Platinum Properties, Inc.(818-524-0706)


Description

Price reduced by 125k! Large 4-Unit Income Property (4,680 SF) in Prime Koreatown priced at only $272/SF with approved plans for 2 Detached ADUs in the back. The property sits on a large 6,750 SF R4-1 Lot TOC Tier 2 which allows you to build 16 units by right and 29 units by TOC. Promising residential income or development opportunity with incredible upside to 7.56% Cap Rate and 10.65 GRM on the proforma. The property is centrally located next to numerous new developments and just a few blocks south of Wilshire Blvd in proximity to the 110 and 10 freeways, and in a walker paradise (97 walking score). The property is just 1.5 miles West of LA Live, Staples Center, and 2 miles North of the USC campus. This is an opportunity that cannot be missed!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T13:35:30.17. 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 or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
www.itsyourmovesandiego.com/homes/131376509
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2631 San Marino Street Los Angeles (City), CA 90006

  • Price: $1,275,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 32 min ago
  • ID#: 22183983
8
Beds
0
Baths
0
½ Baths
0.16
Acres
4,680
SQFT
$272
$/SQFT
1916
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
Price reduced by 125k! Large 4-Unit Income Property (4,680 SF) in Prime Koreatown priced at only $272/SF with approved plans for 2 Detached ADUs in the back. The property sits on a large 6,750 SF R4-1 Lot TOC Tier 2 which allows you to build 16 units by right and 29 units by TOC. Promising residential income or development opportunity with incredible upside to 7.56% Cap Rate and 10.65 GRM on the proforma. The property is centrally located next to numerous new developments and just a few blocks south of Wilshire Blvd in proximity to the 110 and 10 freeways, and in a walker paradise (97 walking score). The property is just 1.5 miles West of LA Live, Staples Center, and 2 miles North of the USC campus. This is an opportunity that cannot be missed!
Exterior Features

Parking Features Covered Parking Total 0

Property Features

Association YN No Gross Income 35208 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 14202 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T13:35:30.17. 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 or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
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Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Julio Ruiz of Global Platinum Properties, Inc. (818-524-0706) and Armin Soleimani of Global Platinum Properties, Inc.(818-524-0706)