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    2845 San Marino St

    Los Angeles, CA 90006
    • $3,550,000
    • STATUS: Active
    • ON SITE: 17 days
    • ID#: 20-626074
    UPDATED: 48 min ago
    $3,550,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,684
      SQFT
    • $462
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:
    Area:

    School Ratings & Info

    Description

    2845 San Marino Street is an attractive 20-unit investment opportunity located in Koreatown. The offering, built in 1922, is an opportunity for the savvy investor to purchase an apartment building in a desirable Los Angeles submarket and see immediate returns with further rental upside and long-term rent appreciation. Current ownership has conducted meaningful and material upgrades throughout the building. The unit composition consists of twenty (20) Studio apartments featuring a combination of various interior improvements such as new tile flooring and/or original hardwood flooring (either exposed or otherwise), plus kitchen and bath enhancements. Building amenities include common area laundry facilities (leased equipment | 2 washers and 2 dryers), decorative common areas with wood flooring, and decorative treatments. Electricity is separately metered and gas utilities are master metered. See Private Remarks for details on assumable financing.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T12:42:41.837. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/109545063
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    2845 San Marino St Los Angeles, CA 90006

    • Price: $3,550,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: 20-626074
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,684
    SQFT
    $462
    $/SQFT
    1922
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    2845 San Marino Street is an attractive 20-unit investment opportunity located in Koreatown. The offering, built in 1922, is an opportunity for the savvy investor to purchase an apartment building in a desirable Los Angeles submarket and see immediate returns with further rental upside and long-term rent appreciation. Current ownership has conducted meaningful and material upgrades throughout the building. The unit composition consists of twenty (20) Studio apartments featuring a combination of various interior improvements such as new tile flooring and/or original hardwood flooring (either exposed or otherwise), plus kitchen and bath enhancements. Building amenities include common area laundry facilities (leased equipment | 2 washers and 2 dryers), decorative common areas with wood flooring, and decorative treatments. Electricity is separately metered and gas utilities are master metered. See Private Remarks for details on assumable financing.
    Exterior Features

    Lot Size Area 6750 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 20.00 Cooling Other Equipment Other Heating Wall

    Property Features

    Assessed Total Value 1163807 Gross Income 273068 Gross Operating Income 264876 Like Units1 20 Net Operating Income 156995.00 Number Of Buildings 1 Number Of Units 20 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 107881 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Nick Astrupgaard DRE#01893466 of Kw Commercial Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T12:42:41.837. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355