KW Commercial, as exclusive listing agents, are pleased to present 2845 San Marino Street, a charm- ing 20-unit investment opportunity, ideally located in Koreatown (90006), one of LA’s most dynamic neighborhoods.
The offering, built in 1922, provides approx. 27% rental upside potential making this an ideal investment for the savvy investor looking for long term rent appreciation and and a consistent, appreciating asset.
The unit composition consists of twenty (20) Studio apartments featuring a combination of various interior improvements such as new tile flooring and/or original hardwood flooring (either exposed or otherwise), plus kitchen and bath enhancements. The location is in high demand and as a result, current management sees vacancies rent rapidly.
Building amenities include common area laundry facilities (leased equipment | 2 washers and 2 dryers), decorative common areas with wood flooring and decorative treatments. Electricity is separately metered and gas utilities are master metered allowing a current annual 5% rent increase.
Building systems include well maintained roofing, plumbing and electrical systems
2845 San Marino is located in the dynamic and bustling Koreatown market and specifically just north of Olympic Blvd. and just steps from Vermont Avenue. The property’s proximity to popular restaurants, shopping, public transportation and USC, make it an ideal rental location. While there is no onsite parking, 2845 San Marino Street boasts a Walk Score of 95, deemed a “Walker’s Paradise” and a Transit Score of 79, considered “Excellent Transit.
