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2649 San Marino Street

Los Angeles, CA 90006
  • $5,500,000
  • STATUS: Active
  • ON SITE: 243 Days
  • MLS #: 21-111365
UPDATED: 53 min ago
$5,500,000
  • 55
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 38,338
    SQFT
  • $143
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:
Area:

School Ratings & Info

Description

2649-2655 San Marino Street is a development opportunity in LA's thriving Koreatown submarket. Plans being approved for 6-story multi-residential building with 5 levels of residential, one level of on-grade parking and one level of subterranean parking over +/-13,500 square feet of land. The current design includes 55 Class A units, with a highly desirable unit mix of 15 studios, 25 one-bedroom apartments and 15 2-bedroom apartments over +/-38,338 building SF. All units have balconies and in-unit washer and dryers. Other amenities planned include 42 total parking spaces with 13 EV spaces, bicycle parking with 62 spaces, a space for a fitness room and a rooftop deck with great views of DTLA and Wilshire Corridor. Six units are reserved for affordable housing. The seller will deliver this project with RTI. MEP plans have been started and the Letter of Determination has been drafted and submitted to the City Planner and waiting on revisions. Currently there are 4 units on each lot, for a total of 8 units. The developer of this property will participate in the growth of a submarket which has transformed into one of the most desirable places for urban living. Can be sold as-is for $3,450,000.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-11T12:43:29.767. 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.searchdesertrealestate.com/homes/123936201
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2649 San Marino Street Los Angeles, CA 90006

  • Price: $5,500,000
  • Status: Active
  • On Site: 243 Days
  • Updated: 53 min ago
  • MLS #: 21-111365
55
Beds
0
Baths
0
½ Baths
N/A
Acres
38,338
SQFT
$143
$/SQFT
2022
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
2649-2655 San Marino Street is a development opportunity in LA's thriving Koreatown submarket. Plans being approved for 6-story multi-residential building with 5 levels of residential, one level of on-grade parking and one level of subterranean parking over +/-13,500 square feet of land. The current design includes 55 Class A units, with a highly desirable unit mix of 15 studios, 25 one-bedroom apartments and 15 2-bedroom apartments over +/-38,338 building SF. All units have balconies and in-unit washer and dryers. Other amenities planned include 42 total parking spaces with 13 EV spaces, bicycle parking with 62 spaces, a space for a fitness room and a rooftop deck with great views of DTLA and Wilshire Corridor. Six units are reserved for affordable housing. The seller will deliver this project with RTI. MEP plans have been started and the Letter of Determination has been drafted and submitted to the City Planner and waiting on revisions. Currently there are 4 units on each lot, for a total of 8 units. The developer of this property will participate in the growth of a submarket which has transformed into one of the most desirable places for urban living. Can be sold as-is for $3,450,000.
Exterior Features

Direction Faces North Lot Size Area 13500 Other Structures None Parking Garage Garage Pool Description None Pool YN No Spa None Spa YN No Style Modern Total Parking 42 Water Frontage None

Interior Features

Baths Total 70.00 Common Walls Attached Cooling Central Equipment Elevator Heating Central Laundry In Unit

Property Features

Entry Floor Number 1 Gross Income 0 Gross Operating Income 0 Like Units1 15 Like Units2 25 Like Units3 15 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 55 Property Condition New Construction Sale Type Standard Source Living Area Plans Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units Apartments Water Public Year Built Source Builder Zoning R4-1

Listing provided courtesy of Alexavier Shin DRE# of Iconic Investments.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-11T12:43:29.767. 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.
 
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