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$1,595,000

Beds
8
sq ft
4,680

2625 San Marino St, Los Angeles, CA 90006

2625 San Marino St

Los Angeles, CA 90006

  • 36 days on market
We are pleased to present a four (4) unit apartment building located at 2625 San Marino Street in Los Angeles, California. The subject property is situated in a n ideal Koreatown location, west of S Hoover St and north of W Olympic Boulevard. Built in 1916, this property of a streamlined unit mix of four (4) two-bedroom / one-bathroom units. All four (4) units will be delivered vacant. The units are very spacious averaging over 1,150 square feet each and include washer and dryer hookups. Senate Bill 1211, which recently was signed by the governor, allows for the potential to double the unit count by converting the carports located in the bac k of the property into individual ADU unit(s). This asset also boasts easily maintained landscaping with lovely curb appeal. The surrounding area also features many other wonderful amenities including MacArthur Park, Coffee MCO, Langer's Delicatessen-Restaurant, The Bellwether, and Dynasty Typewriter. This property is also located only a few blocks from the Westlake/MacArthur Metro Line providing tenants immediate access to major employment hubs throughout Los Angeles. Situated in an ideal Koreatown location, this offering presents an excellent opportunity for any investor to capitalize on a completely vacant building with the potential to double the unit count.

Details

Property type

Est. home value

$1,067,413

Property condition

Fixer

Lot size

6,752 sq ft

Price per sq ft

$341

Year built

1916

HOA

No

Price History

11/19/2024
CLAW

CLAW #24465163

Listed
$1,595,000
+126.78%
05/28/2021
CLAW

CLAW #21687842

Sold
$703,340

Schools & Community

Neighborhood: 

Koreatown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Private Lenders Group Llc

Loan start date

February 2023

Original loan amount

$125,000

Est. remaining balance

Not provided

Interest rate

6.27%

Loan type

Building or Construction Loan

Seller

Bedrock Property Investors Ii Llc

Lender

Lone Oak Fund Llc

Loan start date

December 2022

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

6.94%

Loan type

Building or Construction Loan

Seller

Bedrock Property Investors Ii Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/25/2024 at 12:20 PM

Listing updated: 12/05/2024 at 3:05 AM

Listed by: Jason Tuvia, Marcus & Millichap Phone #: (818) 212-2700

MLS: CLAW #24465163

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