2869 San Marino Street is a charming 20-unit investment opportunity, ideally located in Koreatown (90006), one of LA's most dynamic neighborhoods. The offering, built in 1923, provides approx. 33% rental upside potential making this an ideal investment for the savvy investor looking for long term rent appreciation and a consistent, appreciating asset. The unit composition consists of twenty (20) Studio apartments featuring a combination of various interior improvements such as new tile flooring and/or original hardwood flooring (either exposed or otherwise), plus kitchen and bath enhancements. The location is in high demand and as a result, current management sees vacancies rent rapidly. Building amenities include common area laundry facilities (leased equipment 2 washers and 2 dryers), decorative common areas with wood flooring and decorative treatments.
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