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$ 10,500,000
Est. payment | /mo
6,751 Sqft Lot
$ 10,500,000
Est. payment | /mo
6,751 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25247415
HOA Y/N No
Year Built 2025
Lot Size 6,751 Sqft
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)
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)
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Utilities Available Water Available
Building
Lot Description 21-25 Units/Acre
Story 6
Water Public
Others
Tax ID 5077027023
Security Features Security Gate,Smoke Detector(s)
Special Listing Condition Standard
Listed by Veer Jain Drona Realty & Mortgages 805-573-8337, DRE #02243971
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