Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

6

Building size

4,580 sqft

Lot size

6,627 sqft

Year built

1914

Stories

2

Garage spaces

0

Cooling

None

Pool

None

Status

Active

Days on market

0

MLS #

245108730

About this property

Exceptional Koreatown Investment Opportunity! Well-maintained 6-unit apartment property located in the heart of highly desirable Koreatown, one of Los Angeles' strongest rental markets. Situated on an LAR4-zoned lot, this property offers an exceptional combination of stable current income and outstanding long-term redevelopment potential (buyer to verify). Surrounded by numerous recently developed apartment and mixed-use projects, the neighborhood continues to evolve with modern architecture and an attractive streetscape, further enhancing the property's long-term investment appeal. The property features a desirable unit mix of apartment units and detached homes, offering strong tenant appeal and operational flexibility. Ideally located just minutes from Wilshire Blvd., Vermont Ave., and Olympic Blvd., the property enjoys convenient access to Metro stations, public transportation, shopping, restaurants, and major employment centers, making it highly desirable for tenants. Whether you're seeking a turnkey income-producing asset, a value-add investment, or a prime redevelopment opportunity, this is a rare offering in one of Central Los Angeles' most sought-after investment markets.

Location

3106 San Marino

Los Angeles, Los Angeles, CA, 90006