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Multifamily

2816 San Marino St

2816 San Marino St, Los Angeles, CA 90006

Listing Price: $8,500,000

Cap Rate
4.58%
Number of Units
28
Price/Unit
$303,571
Price/Gross SF
$371.76
Gross SF
22,864

Investment Overview

The Neema Group of Marcus and Millichap is proud to present 2816 San Marino St, an apartment investment opportunity located in the highly sought-after Koreatown neighborhood of Los Angeles. Located between W 8th St and W Olympic Blvd. Built in 1991, the property is not subject to the Los Angeles RSO. High Walk Score of 95, 2816 San Marino St is located one block east of Vermont Ave and Olympic Blvd, making it a walkers paradise with many nearby markets, shops, schools and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area.

Investment Highlights

  • Marcus & Millichap is pleased to present 2816 San Marino St., an investment opportunity of a 28-unit apartment building in Koreatown
  • The property features a unit mix made up of 20 one-bedrooms and eight two-bedrooms
  • The property has gated parking with 35 spaces
  • Separately metered for gas and electric and has individual water heaters; 12 units have balconies
  • Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail along Vermont Ave & Olympic Blvd as well as the St. Vincent Medical Center
  • Ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area

Exclusively Listed By

Financing By

Multifamily

2816 San Marino St

Listing Price: $8,500,000

Cap Rate
4.58%
Number of Units
28
Price/Unit
$303,571
Price/Gross SF
$371.76
Gross SF
22,864

Investment Highlights

  • Marcus & Millichap is pleased to present 2816 San Marino St., an investment opportunity of a 28-unit apartment building in Koreatown
  • The property features a unit mix made up of 20 one-bedrooms and eight two-bedrooms
  • The property has gated parking with 35 spaces
  • Separately metered for gas and electric and has individual water heaters; 12 units have balconies
  • Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail along Vermont Ave & Olympic Blvd as well as the St. Vincent Medical Center
  • Ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area

Investment Overview

The Neema Group of Marcus and Millichap is proud to present 2816 San Marino St, an apartment investment opportunity located in the highly sought-after Koreatown neighborhood of Los Angeles. Located between W 8th St and W Olympic Blvd. Built in 1991, the property is not subject to the Los Angeles RSO. High Walk Score of 95, 2816 San Marino St is located one block east of Vermont Ave and Olympic Blvd, making it a walkers paradise with many nearby markets, shops, schools and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area.

Exclusively Listed By

Financing By

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