Eight-Unit Apartment
For Sale
$2,050,000
2769 San Marino Street, Los Angeles, CA 90006
Two-story rental community with uniform two-bedroom residences, ground-level parking, and on-site laundry.
Property Size6,080 SF
Days on Market17
Property Features for 2769 San Marino Street
General Information
Standard status
Active
Size
6,080 SF
Property subtype
Multifamily
Amenities
Built in 1987, the property is exempt from LA's RSO and governed by AB 1482, allowing annual increases of 5% + CPI, capped at 10%.
28% rental upside remains, capturable through ordinary turnover and interior renovation rather than a full repositioning of the asset.
All eight units are 2BR/1BA. A single floor plan streamlines a renovation program and appeals to a broad tenant base.
The property provides 15 parking spaces, nine covered and six open, and a laundry facility.
A Walk Score of 94 reflects the short walk to Wilshire/Vermont Station on the Metro B and D Lines, plus nearby Metro bus and DASH service.
The property has been under the same ownership since 2004, a hold of more than 20 years now coming to market.
Building Details
Building Size
6,080 SF
Units
8
Listing Agency:
Marcus & Millichap - Los Angeles
(213) 943-1897
Listed By:
Sean Rosenzweig · License #License(s): CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: Aug 15
Changed: Aug 30
Last Checked: Aug 30 at 1:35PM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This two-story apartment property contains eight two-bedroom, one-bathroom residences within 6,080 square feet on a 6,750-square-foot lot. Constructed in 1987, the building includes ground-level parking, 15 parking spaces, and on-site laundry. The consistent floor plan across all units provides a uniform residential configuration for ownership and management.
The property is located at 2769 San Marino Street in Los Angeles, bordering Koreatown east of Vermont Avenue and north of Olympic Boulevard. The site has a Walk Score of 94 and is a short walk from Wilshire/Vermont Station, served by Metro B and D Lines. Metro bus routes and the DASH Wilshire Center/Koreatown circulator operate within several blocks, while the Wilshire office corridor, Southwestern Law School, and Koreatown restaurants and retail are nearby.
Because the property was built in 1987, it is not subject to the Los Angeles Rent Stabilization Ordinance. Rent increases are governed by AB 1482, allowing 5 percent plus CPI annually up to a 10 percent maximum.
The property is located at 2769 San Marino Street in Los Angeles, bordering Koreatown east of Vermont Avenue and north of Olympic Boulevard. The site has a Walk Score of 94 and is a short walk from Wilshire/Vermont Station, served by Metro B and D Lines. Metro bus routes and the DASH Wilshire Center/Koreatown circulator operate within several blocks, while the Wilshire office corridor, Southwestern Law School, and Koreatown restaurants and retail are nearby.
Because the property was built in 1987, it is not subject to the Los Angeles Rent Stabilization Ordinance. Rent increases are governed by AB 1482, allowing 5 percent plus CPI annually up to a 10 percent maximum.
Key Highlights
- Eight‑unit apartment property with eight two‑bedroom, one‑bathroom residences
- 6,080 square feet on a 6,750‑square‑foot lot
- Built in 1987 with ground‑level parking and 15 parking spaces
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,064
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story rental community with uniform two-bedroom residences, ground-level parking, and on-site laundry.
Where is this apartment building located?
The property is located at 2769 San Marino Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Eight‑unit apartment property with eight two‑bedroom, one‑bathroom residences; 6,080 square feet on a 6,750‑square‑foot lot; Built in 1987 with ground‑level parking and 15 parking spaces
