We are very pleased to have exclusively listed for sale 3555 San Marino, a 16-unit multi-family investment property situated on an expansive R4 corner lot in the prime Country Club Park enclave of Los Angeles. Built in 1973, 3555 San Marino totals over 11,294 square feet spread across a strong… Read More mix of fourteen spacious and bright 1-bedroom units and two large 2-bedroom units. Offered at an excellent in-place 5.7% cap and 11.5 GRM, 3555 San Marino provides today's saavy multi-family buyer excellent in-place income with over 30% income upside potential over time. Situated on a corner lot zoned R4 and totaling over 9,500 square feet, the building offers 21 on-grade, gated parking spaces and the seismic retrofitting has already been completed. Due to the R4 zoning and large ground level parking garage, there is potential to add two ADU units (buyer to verify). The property has been well maintained and offers a stable rent roll with tremendous income upside potential, making 3555 San Marino an exceptional multifamily investment opportunity. San Marino offers investors the rare chance to acquire a 16-unit apartment building with excellent in-place income, significant value-add upside, strong tenant demand, and proven long-term growth potential. 3555 San Marino offers a highly functional unit mix ideal for strong, stable occupancy and at $3,100,000, is being offered at a very compelling price per unit and per foot for an asset of this size. Tremendous value-add potential through unit renovations, common area enhancements, and improved management. Located in a dense, rental-driven submarket with consistent year-round demand. Close proximity to Downtown LA, Koreatown, Larchmont Village, USC, and major job centers. Walking distance to shopping, transit, and neighborhood amenities. Strong upside in rents compared to renovated units in the surrounding area. Ideal reposition candidate to unlock meaningful rent increases through modernization. 3555 San Marino is well situated in a high-demand location with limited supply of multifamily inventory at an excellent price point, with great potential to significantly increase cash flow and long-term appreciation and is well-positioned in a neighborhood benefiting from ongoing development and urban revitalization. Read Less
Property listed by Dana Brody, Dana Brody 818-212-2757
Listing Snapshot
Days Online
0
Last Updated
Beds
19
Square Ft.
11,294
Lot Size
0.22 Acres
Year Built
1973
MLS Number
25628557
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1973, Living area: 11294.0, 1 building, Building faces South, Levels: Two
Garage
21 spaces
Heating
ForcedAir
Income
Gross Income: $269,400, Net Operating Income: $177,133
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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