Description

This eight-unit multifamily property presents an attractive investment opportunity in a pocket of Los Angeles bordering Koreatown. Constructed in 1988, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance and is only subject to AB 1482 statewide rent control. Family owned for the past 13 years, the property features an excellent unit mix consisting entirely of 2-bedroom/1-bath units, along with 15 on-site parking spaces for eight units. Ideally situated near Koreatown, the property provides residents with convenient access to employment centers, retail, dining, and entertainment throughout the immediate area. The property is also near the Wilshire/Vermont Metro Station, offering access to the B and D Lines and convenient connectivity throughout Los Angeles. The property is located within a 10-minute drive of approximately 48 million square feet of office space, providing access to one of the region’s largest concentrations of employment and supporting continued rental demand. Combined with its central location, transit accessibility, and proximity to major employment centers, the property is well positioned to attract tenants seeking convenient access throughout Los Angeles. With its 1988 construction, favorable rent control profile, 100% 2-bedroom unit mix, and ample on-site parking, 2763 San Marino Street represents a compelling opportunity to acquire a well-located multifamily asset with strong long-term fundamentals.