8-Unit Apartment
2763 San Marino, Los Angeles, CA 90006
For Sale
$1,950,000
Every residence offers a two-bedroom, one-bathroom layout, with on-site parking provided for the property.
Property Size5,692 SF
Days on Market47
Property Features for 2763 San Marino
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Units
Listing Agency:
Lyon Stahl Investment Real Estate
Listed By:
Brett Lyon · License CA #01717818
(310) 706-4066
Source:
Elliman
Added: Sep 24
Changed: Nov 2
Last Checked: Nov 8 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
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Investment Insights
Based on property information with market context.
Built in 1988, this Los Angeles apartment property contains eight residences, each configured with two bedrooms and one bathroom. The site has 15 on-site parking spaces. The property is not covered by the City of Los Angeles Rent Stabilization Ordinance and is subject to statewide AB 1482 rent control.
At 2763 San Marino Street, the property is near Koreatown and the Wilshire/Vermont Metro Station, served by the B and D Lines. Approximately 48 million square feet of office space is within a 10-minute drive. The reported Walk Score is 94, the Transit Score is 100, and the Bike Score is 83.
At 2763 San Marino Street, the property is near Koreatown and the Wilshire/Vermont Metro Station, served by the B and D Lines. Approximately 48 million square feet of office space is within a 10-minute drive. The reported Walk Score is 94, the Transit Score is 100, and the Bike Score is 83.
Key Highlights
- Eight apartments, each with two bedrooms and one bathroom
- 15 on‑site parking spaces for eight units
- Constructed in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,589
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,780
$1.8M
Cap Rate 7%
$1,308,414
$1.3M
Cap Rate 9%
$1,017,656
$1.0M
Market Conditions
NOI Build-Up for 5,692 SF
Gross rent
$181.0K $31.80/SF
− Vacancy
−$14.5K −$2.54/SF
EGI
$166.5K $29.26/SF
− OpEx
−$74.9K −$13.17/SF
NOI
$91.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,780
Cap Rate 7%
$1,308,414
Cap Rate 9%
$1,017,656
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,589 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,354 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
7,064
Businesses Nearby
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Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Every residence offers a two-bedroom, one-bathroom layout, with on-site parking provided for the property.
Where is this apartment building located?
The property is located at 2763 San Marino Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Eight apartments, each with two bedrooms and one bathroom; 15 on‑site parking spaces for eight units; Constructed in 1988
