23-Unit | New Construction | Section 8 Tenants | No Rent Control
Property Overview
Situated in the heart of Koreatown, 2683 San Marino St is a brand-new 23-unit multifamily development completed in 2025. Rising six stories, this contemporary building offers a unit mix of 1-bedroom, 1-bathroom units which is extremely popular in this area demographic and is ideally positioned for long-term cash flow and stability.
Investment Highlights
NEWLY CONSTRUCTED 2025 – Modern construction, low maintenance
No Rent Control
Section 8 Approved – Stable, guaranteed rental income
13 Parking Spaces – On-site tenant convenience
Potential to Add 2 ADUs – Expand cash flow
Offering Details
Price: Unpriced – Submit Best Offer
CAP Rate (Pro Forma): 4.15%
GRM: 17.34
Lot Size: 15,500 SF
Stories: 6
Units: 23 (All 1 Bed / 1 Bath)
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$10,500,000
Days On Site
3 Days
Bedrooms
N/A
Inside Area (SqFt)
15,500 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.155 Acres
Year Built
2025
MLS® Number
SR25247415
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
3 days ago
Listing first seen on site
3 days ago
Listing updated with changes from the MLS®
General Features
Acres
0.155
Number Of Stories
6
Property Sub Type
Multi Family
Security
Security GateSmoke Detector(s)
Special Circumstances
Standard
SqFt Total
15500
Utilities
Water Available
Water Source
Public
Interior Features
Cooling
Central Air
Heating
Natural Gas
Laundry Features
Common Area
Save
Ask
Tour
Hide
Share
Community Features
MLS Area
C42 - Downtown L.A.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.