
Los Angeles, California 90006
This eight-unit multifamily property represents a High-Potential Investment Opportunity, listed at a List Price of $2,050,000—positioned slightly above the $1,983,664 Fair Market Value. Built in 1988, this Fair Condition Rating asset is exempt from LA City RSO, offering a favorable rent control profile under AB 1482. With a 100% 2-bedroom unit mix and an exceptional 15-space parking ratio, the property is primed for long-term rental demand. This is a stable, transit-oriented acquisition ideal for Buy-and-Hold Investors or Multifamily Portfolio Managers seeking reliable cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2763 San Marino Subject 0 bd · 0 ba · 5,692 sqft · $336 | $1,950,000* List Price | 0 | 0 | 5,692 | $336 | - |
A 1424 S Catalina Active 0 bd · 0 ba · 5,294 sqft · $298 · 0.8 mi | $1,575,000 List Price | 0 | 0 | 5,294 | $298 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this 38-year-old property is dated but appears structurally sound and functional. The exterior and carport show typical aging for its era, indicating a need for cosmetic and minor system updates rather than a major structural rehab.
Built in 1988, this property is exempt from the restrictive Los Angeles City Rent Stabilization Ordinance (RSO), allowing for more flexible rent increases under statewide AB 1482.
The asset features a highly desirable 100% 2-bedroom unit mix complemented by an exceptional parking ratio of 15 spaces for 8 units, a rare and valuable commodity in high-density Los Angeles.
Situated near Koreatown and the Wilshire/Vermont Metro Station, the property benefits from high rental demand driven by immediate access to major employment hubs and public transportation.
With 1988 construction and 13 years of family ownership, the property likely requires capital expenditures for interior and exterior upgrades to achieve top-of-market rents.
The 6,755 square foot lot is heavily utilized by the existing structure and parking, leaving minimal space for additional amenities or significant ADU expansion without sacrificing parking.
This eight-unit multifamily property presents an attractive investment opportunity in a pocket of Los Angeles bordering Koreatown. Constructed in 1988, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance and is only subject to AB 1482 statewide rent control. Family owned for the past 13 years, the property features an excellent unit mix consisting entirely of 2-bedroom/1-bath units, along with 15 on-site parking spaces for eight units. Ideally situated near Koreatown, the property provides residents with convenient access to employment centers, retail, dining, and entertainment throughout the immediate area. The property is also near the Wilshire/Vermont Metro Station, offering access to the B and D Lines and convenient connectivity throughout Los Angeles. The property is located within a 10-minute drive of approximately 48 million square feet of office space, providing access to one of the region’s largest concentrations of employment and supporting continued rental demand. Combined with its central location, transit accessibility, and proximity to major employment centers, the property is well positioned to attract tenants seeking convenient access throughout Los Angeles. With its 1988 construction, favorable rent control profile, 100% 2-bedroom unit mix, and ample on-site parking, 2763 San Marino Street represents a compelling opportunity to acquire a well-located multifamily asset with strong long-term fundamentals.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 5,692 | 4,165.789 |
| Lot Size | 6,755 | 6,696 |
| Price | $1.95M | $956.9K |
| Price per sq ft | $343 | $273 |
| Built year | 1988 | 1937 |
| HOA | $0 | $907 |
| Days on market | 47 | 134 |
Oct 13, 2026
$1,950,000
$2,050,000
-5% Price Drop
Initial Listing
Sep 23, 2026
$2,050,000
Initial Listing
Sep 27, 2013
$1,395,013
Public Record
May 21, 2010
$1,125,000
Public Record
Dec 20, 2001
$570,000
Public Record