Description
23-Unit | New Construction | Section 8 Tenants | No Rent Control
Property Overview
Situated in the heart of Koreatown, 2683 San Marino St is a brand-new 23-unit multifamily development completed in 2025. Rising six stories, this contemporary building offers a unit mix of 1-bedroom, 1-bathroom units which is extremely popular in this area demographic and is ideally positioned for long-term cash flow and stability.
Investment Highlights
NEWLY CONSTRUCTED 2025 – Modern construction, low maintenance
No Rent Control
Section 8 Approved – Stable, guaranteed rental income
13 Parking Spaces – On-site tenant convenience
Potential to Add 2 ADUs – Expand cash flow
Offering Details
Price: Unpriced – Submit Best Offer
CAP Rate (Pro Forma): 4.15%
GRM: 17.34
Lot Size: 15,500 SF
Stories: 6
Units: 23 (All 1 Bed / 1 Bath)
Address
Open on Google Maps- Address 2683 San Marino Street
- City Los Angeles
- State/county CA
- Zip/Postal Code 90006
- Country US
Details
Updated on April 23, 2025 at 7:58 pm- Property ID: SR25087708
- Property Size: 15500 Square Feet
- Land Area: 0.155 Acres
- Garage Size: x x
- Year Built: 2025
- Property Type: Multi Family, Commercial Sale
- Property Status: Active
