2769 San Marino Street,Los Angeles, CA 90006
Los Angeles, CA 90006
Description
We are pleased to offer for sale 2769 San Marino Street, an eight-unit apartment community bordering the Koreatown neighborhood of Los Angeles, just east of Vermont Avenue and north of Olympic Boulevard.Built in 1987, the property rises two stories over ground-level parking and comprises 6,080 square feet on a 6,750-square-foot lot. All eight residences are two-bedroom, one-bathroom floor plans, a uniform configuration that simplifies renovation, leasing, and ongoing management. Residents are served by 15 parking spaces and on-site laundry. By virtue of its 1987 construction, the property is not subject to the Los Angeles Rent Stabilization Ordinance; rents are instead governed by AB 1482. Significant rental upside remains, available to a new owner through ordinary turnover and interior renovation rather than through a repositioning of the asset. The immediate area is highly walkable and well served by transit. The property carries a Walk Score of 94, and the Wilshire/Vermont Station, served by the Metro B and D Lines, sits a short walk to the north, with several Metro bus lines and the DASH Wilshire Center/Koreatown circulator running within a few blocks. The Wilshire corridor's office base, Southwestern Law School, and Koreatown's restaurants and retail immediately to the west anchor a deep tenant pool, one that continues to draw households priced out of the surrounding submarkets.For a buyer underwriting durable in-place income alongside a defined path to market rents, 2769 San Marino Street offers a straightforward execution in a long-established rental submarket.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Details
| MLS # | 26871787 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 76 |
| Listing Provided By | Marcus & Millichap | Sean Rosenzweig |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 6,080 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | LAR4 |
| Acreage | 0.16 |
Parking
| Parking Features | Covered, Uncovered |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $2,050,000 low | high Med: $800,000 sqft: 6,080 low | high Med: 4,232 $ / sqft: $337 low | high Med: $189 On site: 76 low | high Med: 287 | |
Market Activity 90006
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90006) | |
Price: $2,050,000 low | high Med: $800,000 sqft: 6,080 low | high Med: 4,232 $ / sqft: $337 low | high Med: $189 On site: 76 low | high Med: 287 | |
