Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

2625 San Marino Street . Mid City , CA 90006

NOT IN MLS ! Great development opportunity. Build 16 units by right and 29 units by TOC. For sale 4 unit building totaling 4,680 square feet of living space. Excellent value, priced at only $298/SF and $348k/door. For more information contact the listing agent, Armin Soleimani arminsoleimani@gmail.com 310 666-2246

Posted: 10/22/2021 11:44 am | On HOMEiZ: 915 days | Updated: 1 year ago | Views: 1232 | Saved to favorites: 5

Location Map

Property Type

Sold

Property Price

$1000000
$1000000
02/13/2023
6,750.00 Sq. Ft.
$214
4680
Contact listing agent%
1.00%
$0
$10000
39.62
$0
1.25%
$12500

Property Location & Description

NOT IN MLS ! Great development opportunity. Build 16 units by right and 29 units by TOC. For sale 4 unit building totaling 4,680 square feet of living space. Excellent value, priced at only $298/SF and $348k/door. For more information contact the listing agent, Armin Soleimani arminsoleimani@gmail.com 310 666-2246
Non Rent Control
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 and $348k/door. The said offering sits on a 6,750 SF (Tier 3) 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).
4
$250000
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
2+1 
4 
 
$734
2.
 
 
 
3.
 
 
 
4.
 
 
 
5.
 
 
 
5077-0270-15
R4-1
100%
Wood & Stucco
2
1916
Good
4 Units in Koreatown priced at only $298/SF and 348k/door
6,750 SF Tier 3 R4-1 Lot to build 16 units by right and 29 units by TOC

Property Information

Sewer

Sewer System (Public)

Parking

Off-street
On-street
No Data

Investment Overview

Investor

Energy Efficiency

No
No Data
N/A
N/A
No
No
No
No

Neighborhood lifestyle

Urban Core

More information

http://www.globalmajorproperties.com/author/armin/

Listing Info

Listing ID: 2921
Sold

For Sale

$1,000,000

Listing Presented by

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