2757 San Marino Street

    Los Angeles (City), CA 90006
    • $2,600,000
    • STATUS: Active
    • ON SITE: 4 days
    • ID#: 20566542
    New On Site 4 Days Ago
    UPDATED: 74 min ago
    $2,600,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    I am pleased to offer the opportunity to acquire The Scarlett, an eight-unit renovated apartment community in Koreatown. Situated just North of Olympic Boulevard and West of Hoover Street, the subject property is located within one of Los Angeles' most desirable neighborhoods. Koreatown is one of the most widely publicized and energized communities in Los Angeles. The Scarlett consists of three one-bedroom den units and five two-bedroom units on a 6,750 square foot parcel. Current Ownership has extensively renovated six units and features thoughtful design details like Spanish tiles, high ceilings, marble countertops, state-of-the-art appliances, and more. Renovated units also include Split A/C-Heat system and washer and dryers and are achieving premiums over the average in-place rents: $971 for one-bedroom units and $1,365 for two-bedroom units. Additionally, the common area has been improved with new exterior paint and secured parking.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T20:27:54.737. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/104472383

    2757 San Marino Street Los Angeles (City), CA 90006

    • Price: $2,600,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: 20566542
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1925
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    I am pleased to offer the opportunity to acquire The Scarlett, an eight-unit renovated apartment community in Koreatown. Situated just North of Olympic Boulevard and West of Hoover Street, the subject property is located within one of Los Angeles' most desirable neighborhoods. Koreatown is one of the most widely publicized and energized communities in Los Angeles. The Scarlett consists of three one-bedroom den units and five two-bedroom units on a 6,750 square foot parcel. Current Ownership has extensively renovated six units and features thoughtful design details like Spanish tiles, high ceilings, marble countertops, state-of-the-art appliances, and more. Renovated units also include Split A/C-Heat system and washer and dryers and are achieving premiums over the average in-place rents: $971 for one-bedroom units and $1,365 for two-bedroom units. Additionally, the common area has been improved with new exterior paint and secured parking.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Heating Combination Heating YN Yes

    Property Features

    Gross Income 181574.00 Gross Multiplier 14.32 Gross Operating Income 186926.00 Net Operating Income 126483.00 Senior Community YN No Special Listing Conditions Standard Zoning R4-1

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T20:27:54.737. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003