2625 San Marino St

Marcus and Millichap is pleased to present a four (4) unit apartment building located at 2625 San Marino Street in Los Angeles, California. The subject property is situated in a n ideal Koreatown location, west of S Hoover St and north of W Olympic Boulevard.
The highly desirable area of Koreatown is a rapidly developing submarket with abundant dining and entertainment options. Considered an epicenter of jobs and amenities, residents in this area enjoy convenient access to nearly one million jobs and 138 million square feet of office space. This submarket is also recognized as a premier dining and nightlife hub. With a walk score of 95, Koreatown is walkable and transit-oriented, allowing residents to capitalize on in influx of new development and to utilize the Metro Purple and Red Lines when needing to commute. The building is right down the street from trendy Koreatown retail, restaurant, and entertainment amenities. Tenants will love being within walking distance to these amenities, as well as living near outdoor recreation at MacArthur Park. Continued development surrounds the property, demonstrating the strength of the area.
Built in 1916, this property of a streamlined unit mix of four (4) two-bedroom / one-bathroom units. All four (4) units will be delivered vacant. The units are very spacious averaging over 1,150 square feet each and include washer and dryer hookups. Senate Bill 1211, which recently was signed by the governor, allows for the potential to double the unit count by converting the carports located in the bac k of the property into individual ADU unit(s). This asset also boasts easily maintained landscaping with lovely curb appeal. The surrounding area also features many other wonderful amenities including MacArthur Park, Coffee MCO, Langer’s Delicatessen-Restaurant, The Bellwether, and Dynasty Typewriter. This property is also located only a few blocks from the Westlake/MacArthur Metro Line providing tenants immediate access to major employment hubs throughout Los Angeles.
Situated in an ideal Koreatown location, this offering presents an excellent opportunity for any investor to capitalize on a completely vacant building with the potential to double the unit count.