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2757 San Marino St

Los Angeles, CA 90006
  • $2,500,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 21-103805
UPDATED: 18 min ago
$2,500,000
  • 12
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,308
    SQFT
  • $396
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:
Area:

School Ratings & Info

Description

The Scarlett consists of four one-bedroom den units and four two-bedroom units on a 6,750 square foot parcel. Current Ownership has extensively renovated six units and features thoughtful design details like Spanish tiles, high ceilings, marble countertops, state-of-the-art appliances, and more. Renovated units also include Split A/C-Heat system and washer and dryers and are achieving premiums over the average in-place rents. Additionally, the common area has been improved with new exterior paint and secured parking. This offering presents investors a rare buying opportunity to purchase a stabilized asset with six out eight units at market rents, providing passive income in a market that has shown consistent growth in population and rents year over year.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T13:42:52.11. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/123181596
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2757 San Marino St Los Angeles, CA 90006

  • Price: $2,500,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 18 min ago
  • MLS #: 21-103805
12
Beds
0
Baths
0
½ Baths
0.15
Acres
6,308
SQFT
$396
$/SQFT
1925
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
The Scarlett consists of four one-bedroom den units and four two-bedroom units on a 6,750 square foot parcel. Current Ownership has extensively renovated six units and features thoughtful design details like Spanish tiles, high ceilings, marble countertops, state-of-the-art appliances, and more. Renovated units also include Split A/C-Heat system and washer and dryers and are achieving premiums over the average in-place rents. Additionally, the common area has been improved with new exterior paint and secured parking. This offering presents investors a rare buying opportunity to purchase a stabilized asset with six out eight units at market rents, providing passive income in a market that has shown consistent growth in population and rents year over year.
Exterior Features

Lot Size Area 6750 Other Structures None Parking Garage Uncovered Total Parking 8

Interior Features

Baths Total 9.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1693200 Gross Income 168076 Gross Operating Income 173834 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 110165.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 63669 Type Of Units Residential Year Built Source Assessor Zoning Lar4

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T13:42:52.11. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
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