2631 2625 San Marino Street, Los Angeles, CA 90006

About this property

Huge 300k Price Reduction! Large 4-Unit Income Property (4,680 SF) in Prime Koreatown priced to sell at only $233/SF with approved RTI 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 9% Cap Rate and 9.1 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!

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$1,000,000

Sold February 2023 · listed $1,095,000, on market January 2023 · MLS #23229971 · Source: CRMLS

Listing Agent: Julio Ruiz · Listing Office: Global Platinum Properties, Inc. · Contact: 818-524-0706 · Bought with: Armin Soleimani · Global Platinum Properties, Inc.

Explore Los Angeles