Homes for sale - 3555 San Marino ST, Los Angeles, CA 90019

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Curtis Johnson And Roni Coffer

roni@curtandronirealty.com +1(619) 677-9393

$ 3,100,000

Est. payment | -/mo

19 Beds

16 Baths

11,294 SqFt

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$ 3,100,000

Est. payment | -/mo

Save Virtual Tour

19 Beds

16 Baths

11,294 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 11,294 sqft

Price per Sqft $274

MLS Listing ID 25628557

Bedrooms 19

HOA Y/N No

Year Built 1973

Property Description

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 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.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR4

Interior

Heating Forced Air

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Garage, Garage Door Opener, Gated, Community Structure

Garage Spaces 21.0

Garage Description 21.0

View Y/N Yes

View City Lights

Building

Faces South

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5093001021

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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Listed by Dana Brody Dana Brody

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Curtis Johnson And Roni Coffer

REALTOR® | Associate Broker | Lic# 01155199 | 02051274

roni@curtandronirealty.com

+1(619) 677-9393

2020 Camino del Rio North Suite 800 San Diego, CA, 92108

3555 San Marino ST Los Angeles, CA 90019

Curtis Johnson And Roni Coffer

Key Details

Location

Interior

Exterior

Building

Others

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3555 San Marino ST