Property Description

2649-2655 San Marino Street is a development opportunity in LA’s thriving Koreatown submarket. Plans being approved for 6-story multi-residential building with 5 levels of residential, one level of on-grade parking and one level of subterranean parking over +/-13,500 square feet of land. The current design includes 55 Class A units, with a highly desirable unit mix of 15 studios, 25 one-bedroom apartments and 15 2-bedroom apartments over +/-38,338 building SF. All units have balconies and in-unit washer and dryers. Other amenities planned include 42 total parking spaces with 13 EV spaces, bicycle parking with 62 spaces, a space for a fitness room and a rooftop deck with great views of DTLA and Wilshire Corridor. Six units are reserved for affordable housing. The seller will deliver this project with RTI. MEP plans have been started and the Letter of Determination has been drafted and submitted to the City Planner and waiting on revisions. Currently there are 4 units on each lot, for a total of 8 units. The developer of this property will participate in the growth of a submarket which has transformed into one of the most desirable places for urban living. Can be sold as-is for $3,450,000.

: Central
: Central Air
: Modern
Additional Information
Iconic Investments
: Standard

Multi-Family For Sale

2649 San Marino, Los Angeles, California 90006

38,338 Sqft
Listing ID #21111365
Basic Details
Status : Active
DaysOnMarket : 250
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 21111365
Price : $5,500,000
Living Area : 38,338 Sqft
Lot Size : 13,500 Sqft
Year Built : 2022
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90006
Price Per Square Foot : $143
ModificationTimestamp : 2022-06-29 14:36:51
Mortgage Calculator
$ %
$ %per year
$ %per year

Contact Agent