Skip To Content

2627 San Marino St

Los Angeles, CA 90006
  • $1,250,000
  • STATUS: Active
  • ON SITE: 10 Days
  • ID#: 22-200255
UPDATED: 60 min ago
$1,250,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

Price Reduced by 150k! Large 4-Unit Income Property (4,680 SF) in Prime Koreatown priced at only $267/SF with approved RTI plans for 2 Detached ADUs in the back. The property sits on a large 6,750 SF R4-1 Lot TOC Tier 2 which allows you to build 16 units by right and 29 units by TOC. Promising residential income or development opportunity with incredible upside to 7.7% Cap Rate and 10.4 GRM on the proforma. The property is centrally located next to numerous new developments and just a few blocks south of Wilshire Blvd in proximity to the 110 and 10 freeways, and in a walker paradise (97 walking score). The property is just 1.5 miles West of LA Live, Staples Center, and 2 miles North of the USC campus. This is an opportunity that cannot be missed!

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-26T11:42:56.647. 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.realestatetoolbox.com/homes/133132747
Print Image

2627 San Marino St Los Angeles, CA 90006

  • Price: $1,250,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 60 min ago
  • ID#: 22-200255
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
Price Reduced by 150k! Large 4-Unit Income Property (4,680 SF) in Prime Koreatown priced at only $267/SF with approved RTI plans for 2 Detached ADUs in the back. The property sits on a large 6,750 SF R4-1 Lot TOC Tier 2 which allows you to build 16 units by right and 29 units by TOC. Promising residential income or development opportunity with incredible upside to 7.7% Cap Rate and 10.4 GRM on the proforma. The property is centrally located next to numerous new developments and just a few blocks south of Wilshire Blvd in proximity to the 110 and 10 freeways, and in a walker paradise (97 walking score). The property is just 1.5 miles West of LA Live, Staples Center, and 2 miles North of the USC campus. This is an opportunity that cannot be missed!
Exterior Features

Lot Size Area 6750 View Description City View YN Yes

Property Features

Cable YN Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lar4

Listing provided courtesy of Julio Ruiz DRE#01911261 of Global Platinum Properties, Inc.: 818-524-0706.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-26T11:42:56.647. 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.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-200255-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-200255-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-200255-2.jpg
Logo
Real Estate Toolbox | Pinnacle Estate Properties, inc
1855 E. Cochran St Ste 104
Simi Valley CA, 93065-2266