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2625 San Marino St, Los Angeles, CA 90006

Sale Price: $1,355,000
Nov 19, 20244,680 sqft8 beds4 baths
Listed by: Jason Tuvia
License #: 01772495
Phone #: 818-212-2735
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 24465163

Property Description

We are pleased to present a four (4) unit apartment building located at 2625 San Marino Street in Los Angeles, California. The subject property is situated in a n ideal Koreatown location, west of S Hoover St and north of W Olympic Boulevard. Built in 1916, this property of a streamlined unit mix of four (4) one-bedroom / one-bathroom units. All four (4) units will be delivered vacant. The units are very spacious averaging over 1,150 square feet each and include washer and dryer hookups. Senate Bill 1211, which recently was signed by the governor, allows for the potential to double the unit count by converting the carports located in the bac k of the property into individual ADU unit(s). This asset also boasts easily maintained landscaping with lovely curb appeal. The surrounding area also features many other wonderful amenities including MacArthur Park, Coffee MCO, Langer's Delicatessen-Restaurant, The Bellwether, and Dynasty Typewriter. This property is also located only a few blocks from the Westlake/MacArthur Metro Line providing tenants immediate access to major employment hubs throughout Los Angeles. Situated in an ideal Koreatown location, this offering presents an excellent opportunity for any investor to capitalize on a completely vacant building with the potential to double the unit count.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,568

TurboHome Estimated Value

$1,383,100

$296 sqft

High Valuation
$1,452,255
$310/sqft
Normal Valuation
$1,383,100
$296/sqft
Low Valuation
$1,313,945
$281/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$296/sqft$1,383,100

Neighborhood: Mid City

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Comparative Value

$1.17M

$1.20M

$1.30M

$1.35M

$1.40M

$1.70M

1946 S Harcourt Ave, Los Angeles, CA 90016

Sale Price: $1,170,000

Selected Comparable

5139 W 21st St, Los Angeles, CA 90016

Sale Price: $1,200,000

Selected Comparable

111 N Kenmore Ave, Los Angeles, CA 90004

Sale Price: $1,300,000

Selected Comparable

2625 San Marino St, Los Angeles, CA 90006

Sale Price: $1,355,000

Selected Comparable

2625 San Marino St, Los Angeles, CA 90006

List Price: $1,395,000

Subject Property

951 S Ardmore Ave, Los Angeles, CA 90006

Sale Price: $1,700,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
2625 San Marino St, Los Angeles, CA 90006

2625 San Marino St, Los Angeles, CA 90006

List: $1,395,000

Listed: 11/19/2024

Area:4,680 sqft
Price/sqft:$298
Beds:8
Baths:4
Year Built:
Lot Size:6,752

Comparable Properties

COMPARABLE
Choose comps
2625 San Marino St, Los Angeles, CA 90006

2625 San Marino St, Los Angeles, CA 90006

Sale: $1,355,000

3/24/20250.00 mi

Area:4,680 sqft
Price/sqft:$290
Beds:8
Baths:4
Year Built:
Weight:25.9%
951 S Ardmore Ave, Los Angeles, CA 90006

951 S Ardmore Ave, Los Angeles, CA 90006

Sale: $1,700,000

8/21/20241.00 mi

Area:3,888 sqft
Price/sqft:$437
Beds:8
Baths:4
Year Built:
Weight:19.5%
1946 S Harcourt Ave, Los Angeles, CA 90016

1946 S Harcourt Ave, Los Angeles, CA 90016

Sale: $1,170,000

8/13/20243.51 mi

Area:4,348 sqft
Price/sqft:$269
Beds:8
Baths:4
Year Built:
Weight:19.4%
5139 W 21st St, Los Angeles, CA 90016

5139 W 21st St, Los Angeles, CA 90016

Sale: $1,200,000

2/19/20254.04 mi

Area:5,770 sqft
Price/sqft:$208
Beds:8
Baths:4
Year Built:
Weight:17.8%
111 N Kenmore Ave, Los Angeles, CA 90004

111 N Kenmore Ave, Los Angeles, CA 90004

Sale: $1,300,000

11/15/20241.40 mi

Area:5,972 sqft
Price/sqft:$218
Beds:8
Baths:4
Year Built:
Weight:17.4%

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