About 2625 San Marino Street
Fully Renovated, Turnkey 4-Unit Investment in Prime Koreatown!
Discover your next perfect, hassle-free investment in one of Los Angeles’ most sought-after neighborhoods. This fully modernized four-unit multifamily property has been upgraded from top to bottom—no detail overlooked—making it an ideal addition to any portfolio.
Each spacious apartment offers 2 bedrooms, 1 bathroom, with 2 dens, storage room, and laundry room and approximately 1,170 sq ft of beautifully updated living space. Complete renovations include:
-Infrastructure Upgrades: New sewer lines, updated plumbing fixtures, and full electrical modernization (wiring, subpanels, switches, outlets, and lighting).
-Modern Comforts: In-unit washer/dryer hookups, new dishwashers hookups, and energy-efficient 3-zone mini-split HVAC systems.
-Stylish Finishes: New doors, blinds, drywall, fresh paint, white shaker kitchen cabinets with quartz countertops, premium stainless-steel appliances, and new durable flooring.
-Bathroom Refresh: Contemporary vanities, new toilets, and modern fixtures.
-Exterior Enhancements: Motorized, remote-controlled driveway security gate, roof repairs, termite fumigation of building & carport, and meticulously detailed windows with new wheels and parts.
Property Highlights:
-Covered carport with a total of 8 off-street parking spaces (2 per unit).
-Lush, mature landscaping including banana and avocado trees.
-$138,600 annual rental income.
-Attractive around 6% cap rate and 13.7 GRM.
-Tenants pay 100% of utilities; each apartment has its own electrical meter, gas meter, and water heater.
-Prime location with a Walk Score of 95 and Transit Score of 82.
Additional Information:
Photos are virtually staged with furniture. No furniture comes with the sale. Do not disturb tenants. Showings will be conducted with an accepted offer. The listing agent holds a co-ownership interest in the property.
