REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,100,000
Est. payment /mo
New
3555 San Marino ST Los Angeles, CA 90019
19 Beds
16 Baths
11,294 SqFt
UPDATED:
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
Virtual Tour https://youtu.be/XTrbaS5Oy4A
Listed by Dana Brody Dana Brody