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Listed by Veer Jain • Drona Realty & Mortgages
$10,500,000
Est. payment /mo
15,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 15,500 sqft
Price per Sqft $677
MLS Listing ID CRSR25247415
HOA Y/N No
Year Built 2025
Lot Size 6,752 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property 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)
Location
State CA
County Los Angeles
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Building
Water Public
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