2845 San Marino Street

Los Angeles, CA 90006

$3,550,000
Price
Beds
20
Baths
7,684 Sq. Ft.
$462 / Sq. Ft.
7,684
Sq. Ft.
$462
per Sq. Ft.

Description

2845 San Marino Street is an attractive 20-unit investment opportunity located in Koreatown. The offering, built in 1922, is an opportunity for the savvy investor to purchase an apartment building in a desirable Los Angeles submarket and see immediate returns with further rental upside and long-term rent appreciation. Current ownership has conducted meaningful and material upgrades throughout the building. The unit composition consists of twenty (20) Studio apartments featuring a combination of various...

Property Details for 2845 San Marino Street

Zoning
LAR4
Year Built Numeric
1922

Property Details for 2845 San Marino Street

StatusActive
MLS #20-626074
Days on Market146
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.15 AC / 6,750 SF
CountyLos Angeles County

Listing Agent

Nick Astrupgaard

KW Commercial Studio City

nastrupgaard@kw.com

P: 818.432.1580

M: 818.432.1580

DRE #01893466

Contact Agent(s)

Location

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Building Information for 2845 San Marino Street

Stories2Residences-Year Built1922Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$11,897 per month

30 year fixed, 2.95% Interest

Principal and Interest

$11,897

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 2845 San Marino Street

Summary
    Location and General Information
  • Directions: One Block East of Vermont and Several Blocks South of Wilshire
  • Year Built Source: Vendor Enhanced
  • Zip 4: 1754
  • City: Los Angeles
  • Zip Code: 90006
  • County Or Parish: Los Angeles
  • Street Number Numeric: 2845
  • Street Name: San Marino
  • State: CA
    Parking
  • Parking Garage: None
  • Total Parking: 0
Property
    Property and Assessments
  • Assessed Improvement Percent: 36.84
  • Assessed Improvement Value: $428,769.00
  • Assessed Land Percent: 63.16
  • Assessed Land Value: $735,038.00
  • Assessed Total Value: $1,163,807.00
  • Assessor Parcel Number: 5077-029-007
  • Disclosures: None
  • Probate: No
  • Source Living Area: Assessor
  • Source Lot Size Area: Assessor
  • Number Of Photos: 11
    Lot Information
  • Listing Area: Mid-Wilshire (C17)
  • Lot Acreage: 0.155
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 7684
  • Lot Size Area: 6750
Interior and Exterior Features
    Interior Features
  • Baths Total: 20.0
  • Equipment: Other
  • Heating: Wall Furnace
  • Number Of Stories: 2
  • Beds Total: 0
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Actual Gross Annual Income: $273,068
  • Gross Income: $273,068
  • Gross Operating Income: $264,876
  • Net Operating Income: $156,995.00
  • Total Annual Expense: 107881
    Unit Information
  • Type Of Units: Apartments
  • Unit Type Type: 2106
    Unit 1 Information
  • Unit Beds1: 0
  • Unit Baths1: 20
  • Unit Projected Rent1: $26,000.00
  • Unit Actual Rent1: $22,175.00
  • Unit Furnished1: No
  • Like Units1: 20
  • Unit Rent1: $1,005.00
Rental
    Rental Information
  • Vacancy Rate: 15%
  • Gross Rent Multiplier: $13.00
  • Number Of Buildings: 1
  • Number Of Units: 20
  • Rent Control: 100
  • Rent Control: Yes

Property History for 2845 San Marino St

DateEvent & SourcePriceAppreciation
Aug 31, 2020

Listed (Active)

CRMLS #20626074

$3,550,000
Aug 31, 2020

Listed (Active)

CLAW #20-626074

$3,550,000
Nov 20, 2019

Sold

CLAW #19-495412

$3,080,000
DateEvent & SourcePrice
08/31/2020

Listed (Active)

CRMLS #20626074

$3,550,000
08/31/2020

Listed (Active)

CLAW #20-626074

$3,550,000
11/20/2019

Sold

CLAW #19-495412

$3,080,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2845 San Marino Street

Taxable ValueLand$2,300,000Additions$780,000Total$3,080,000
Tax Record2019$15,552 ($1,296 / month)
Home Facts
Total Finished SqFt7,684 SqFtAbove Grade Finished SqFt7,684 SqFtLot Size6,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1922Year Renovated1928ZoningLAR4CountyLOS ANGELESAPN5077029007

Schools near 2845 San Marino Street


SchoolTypeGradesDistanceRating
Korean Baptist Church SchoolPrivateK0.2 mi
NR
Korean Baptist Church SchoolPrivateK0.2 mi
NR
Equitas Academy Charter #2Charter5-80.4 mi
6
Rise Kohyang Middle SchoolCharter6-80.4 mi
5

Korean Baptist Church School

K, 0.2 mi, Private

NR

Korean Baptist Church School

K, 0.2 mi, Private

NR

Equitas Academy Charter #2

5-8, 0.4 mi, Charter

6

Rise Kohyang Middle School

6-8, 0.4 mi, Charter

5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2845 San Marino Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on August 31, 2020 by KW Commercial Studio City at $3,550,000. It has been on the market for a total of 146 days and was last sold on November 20, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Teach Academy Of Technologies, Math, Science, & Technology Magnet Academy At Roosevelt High and Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4. 2845 San Marino Street is a 0-bed, 20-bath, 7,684 sqft multi-family home built in 1922. This address can also be written as 2845 San Marino St.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.