NOT LISTED FOR SALE

2816 San Marino St Los Angeles, CA 90006

Koreatown Neighborhood
36 Beds
30 Baths
21,402 Sq Ft
0.26 Acres

Last Sold October 13, 2023

Last sale price $7,100,000 $332 Per Sq Ft

118 Days on Market

About This Home

As of October 2023

2816 San Marino St, an apartment investment opportunity located inthe highly sought-after Koreatown neighborhood of Los Angeles. Located between W 8th St and W Olympic Blvd. Built in 1991, the property is not subject to the Los Angeles RSO. High Walk Score of 95, 2816 San Marino St is located one block east of Vermont Ave and Olympic Blvd, making it a walkers paradise with many nearby markets, shops, schools, and restaurants. Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Westlake, Echo Park, and Silver Lake, walking distance to retail. Located in an ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area. The subject property is currently under contract and being sold by way of Receivership. The sale is subject to a court confirmation overbid hearing. Please contact the agents for additional details.

Last Listed By

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 03/01/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 0.26

Parking

  • Gated Parking

Home Design

  • 21,402 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 30 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas

Additional Features

  • Oven or Range
  • 0.26 Acre Lot

Community Details

  • 38 Units

Listing and Financial Details

  • Assessor Parcel Number 5076-002-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 21402
  • Lot Acreage: 0.2560
  • Year Built: 1991
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 36
  • Total Bathrooms: 30.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 308.38

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated Underground

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 86.00
  • Assessed Improvement Value: 1552821
  • Assessed Land Percent: 14
  • Assessed Land Value: 252772
  • Total Assessed Value: 1805593
  • Assessor Parcel Number: 5076-002-029
  • Lot Size Area: 11151

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.41
  • Number Of Units: 38
  • Total Annual Expense: 225301
  • Type Of Units: apartments
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $7,100,000 +7.6% $332 / Sq Ft
09/05/2023 09/05/23 Price Changed $6,600,000 -22.4% $308 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
04/26/2023 04/26/23 Price Changed $8,500,000 -38.8% $397 / Sq Ft
03/01/2023 03/01/23 For Sale $13,900,000 -- $649 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    5 in this area

    87 Total Sales

    Neema Ahadian
    Section Image
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Map

Source: The MLS

MLS Number: 23-251835

The MLS

California Los Angeles County Los Angeles 90006 Koreatown

2816 San Marino St, Los Angeles, CA

Homes for Sale in Los Angeles, CA

This home is located at 2816 San Marino St, Los Angeles, CA 90006 since 01 March 2023. This property was built in 1991. 2816 San Marino St is a home located in Los Angeles County with nearby schools including Hoover Street Elementary School, UCLA Community School, and Berendo Middle.

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