3333 San Marino Street

    Los Angeles (City), CA 90006
    • $7,500,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: 20553180
    UPDATED: 57 min ago
    $7,500,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    We are proud to present 3333 San Marino Street, a 23 unit multifamily building located in Koreatown. This charming courtyard-style apartment building features spacious units with many upgrades. 22 of 23 units have been completely renovated with custom kitchen cabinets, countertops, dishwashers, stoves, refrigerators, bathroom vanities, laminate wood floors, AC systems and intercoms. The property has been upgraded with copper plumbing, new electrical and dual pane windows. Secured building with garage parking for 23 cars (no retrofit needed). This is an excellent opportunity to acquire a turnkey property easy to manage with low expenses. Strong cash flow with a 5.61% cash on cash return day one.

    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/103137132

    3333 San Marino Street Los Angeles (City), CA 90006

    • Price: $7,500,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 20553180
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    1957
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    We are proud to present 3333 San Marino Street, a 23 unit multifamily building located in Koreatown. This charming courtyard-style apartment building features spacious units with many upgrades. 22 of 23 units have been completely renovated with custom kitchen cabinets, countertops, dishwashers, stoves, refrigerators, bathroom vanities, laminate wood floors, AC systems and intercoms. The property has been upgraded with copper plumbing, new electrical and dual pane windows. Secured building with garage parking for 23 cars (no retrofit needed). This is an excellent opportunity to acquire a turnkey property easy to manage with low expenses. Strong cash flow with a 5.61% cash on cash return day one.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes Pool Features None Pool Private YN No

    Interior Features

    Appliances BarbecueDishwasherMicrowaveRefrigerator Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 510391.00 Gross Multiplier 14.69 Gross Operating Income 510391.00 Net Operating Income 324655.00 Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGasOther Zoning Lar4

    Listing provided courtesy of Dominick Faraone of Miller & Desatnik Realty Co.


    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