Address
2627 San Marino Street Los Angeles, CA
Price
$ 1,395,000
Property Attributes
  • MLS#21797914
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90006
  • Style
  • Price$ 1,395,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage4680
  • Lot Size6,750 SqFt
Listing Provided Courtesy Of:
Armin Soleimani with Global Platinum Properties, Inc. - 310-666-2246
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Promising residential-redevelopment opportunity in the heart of Koreatown/Westlake. The offering consists of a 4 unit building totaling 4,680 square feet of living space. Excellent value, priced at only $298/SF. The said offering sits on a 6,750 SF (Tier 2) R4-1 Lot which allows you to build 16 units by right and 29 units by TOC. Incredible upside to Proforma Cap Rate of 6.8% and GRM of 11.6. Plans to add 2 detached ADUs in the back to improve numbers further. The property is centrally located just 1.5 miles West of LA Live, Staples Center and 2 miles North of the USC campus. Located just a few blocks South Wilshire Blvd., in proximity to the 110 and 10 fwys, and in a walker paradise (97 walking score). This is an opportunity that cannot be missed! Please see Financials & Preliminary ADU Plans in the Docs section.

Price History
10/21/2021 Listed $1,395,000

General Features

Co-Listing Agent State License # 01911261
Co-listing Agent Julio Ruiz - BRE#01911261
Listing Agent Armin Soleimani - BRE#01846872
Listing Agent State License 01846872
Lot Size Square Feet 6750
MLS Area C17 - Mid-Wilshire
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 4
Zoning LAR4

Exterior Features

Lot Size Acres 0.16
Lot Size Area 6750
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Covered

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90006

Price
AVG $3.63M
$1.4M
Visits
AVG 48
1
Year Built
AVG 1935
1916
Walkscore
AVG 91
93
Data Provided by Walkscore ® not using MLS data