Property Description

2649-2655 San Marino Street is a development opportunity in LA’s thriving Koreatown submarket. Located at 2649-2655 San Marino Street, plans and approvals for a 6-story multi-residential building with 5 levels of residential, one level of garage parking and one level of subterranean parking garage over +/-13,500 square feet of land have been completed. The current design includes 55 Class A units, in a highly desirable unit mix of 15 studios, 25 one-bedroom apartments and 15 2-bedroom apartments over +/-38,338 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 LA. Six units are reserved for affordable housing.The seller will deliver this project Transit Oriented Community Tier 2 approved. MEP plans have been started and the Letter of Determination has been drafted and submitted to the City Planner.Currently there is 1 building with 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. Koreatown is drawing millennials seeking a hip urban lifestyle due to its walkability, trendy hotels and restaurants, access to public transportation, and cultural diversity.

Features
: Central
: Central Air
6
0
: Modern
Additional Information
Iconic Investments
0
CLW-C134486
CLW-X80599
Alexavier
UNAVAILABLE
: Standard
42
32

Multi-Family For Sale

2649 San Marino Street, Los Angeles, California 90006

38,338 Sqft
$3,450,000
Listing ID #21111365
Basic Details
Status : Active
DaysOnMarket : 81
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 21111365
Price : $3,450,000
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 : $90
ModificationTimestamp : 2022-01-11 17:32:24
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