Los Angeles, CA 90006 2627 San Marino Street

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  • MLS# 21797914
  • 10/21/2021
  • Request Tour
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Presented By: Armin Soleimani with Global Platinum Properties, Inc. - 310-666-2246
  • Beds • 8
  • Baths • 4
  • SQFT • 4,680
  • Year Built • 1916

Home Details

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.
Presented By: Armin Soleimani with Global Platinum Properties, Inc. - 310-666-2246

Interior Features for 2627 San Marino Street

Bathrooms

Total Baths0

General for 2627 San Marino Street

Co-Listing AgentJulio Ruiz - BRE#01911261
Co-Listing Agent State License #01911261
HOA Fee$0
Listing AgentArmin Soleimani - BRE#01846872
Listing Agent State License01846872
Lot Size Square Feet6750
MLS AreaC17 - Mid-Wilshire
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
StatusActive
Total Units4
ZoningLAR4

Exterior for 2627 San Marino Street

Lot Size Acres0.16
Lot Size Area6750
Lot Size UnitsSquare Feet
Number of Buildings1
Parking FeaturesCovered
Total Parking0

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $1,395,000
MLS#21797914
List Date 10/21/2021
Property Type Income
Phone 310.658.1749
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