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
Courtesy of Dana Brody 818-212-2757
Listing Snapshot
Days Online
23
Last Updated
Property Type
Other
Beds
19
Square Ft.
11,294
Lot Size
0.22 Acres
Year Built
1973
MLS Number
25628557
30 Days Snapshot Of 90019
$1.43M
+5%
(avg) sold price
4
-55%
homes sold
102
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
11,294 sq ft, Built in 1973, Levels: Two, Attached
Cooling
Wall Unit(s)
Disclosures
As Is
Garage
21 total garage spaces, Gated, Community Garage, Door Opener
Heating
Forced Air
Lot
LotAcreage: 0.2183, LotSizeArea: 9,511
Parking
CoveredParking: 21, TotalParking: 0
Property
NumberOfUnits: 16, ViewDescription: City, City Lights, ViewYN: 1, Zoning: LAR4
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