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3555 San Marino Street Los Angeles, CA 90019
11,294 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,294 sqft
Price per Sqft $274
MLS Listing ID CL25628557
HOA Y/N No
Year Built 1973
Lot Size 9,511 Sqft
Acres 0.22
Property Sub-Type Other
Property Description
We are very pleased to have exclusively listed for sale 3555 San Marino, a 16-unit multi-family investment property situated on an expansive R4 corner lot in the prime Country Club Park enclave of Los Angeles. Built in 1973, 3555 San Marino totals over 11,294 square feet spread across a strong mix of fourteen spacious and bright 1-bedroom units and two large 2-bedroom units. Offered at an excellent in-place 5.7% cap and 11.5 GRM, 3555 San Marino provides today's saavy multi-family buyer excellent in-place income with over 30% income upside potential over time. Situated on a corner lot zoned R4 and totaling over 9,500 square feet, the building offers 21 on-grade, gated parking spaces and the seismic retrofitting has already been completed. Due to the R4 zoning and large ground level parking garage, there is potential to add two ADU units (buyer to verify). The property has been well maintained and offers a stable rent roll with tremendous income upside potential, making 3555 San Marino an exceptional multifamily investment opportunity. San Marino offers investors the rare chance to acquire a 16-unit apartment building with excellent in-place income, significant value-add upside, strong tenant demand, and proven long-term growth potential. 3555 San Marino offers a highly functional
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Forced Air
Fireplace No
Exterior
View Y/N true
View City Lights
Building
New Construction No
Others
Tax ID 5093001021
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Listed by Dana Brody • Dana Brody