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2757 San Marino St, Los Angeles, CA 90006
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2757 San Marino St Los Angeles, CA 90006

$2,335,000 Sold Price as of 08/19/2022
  • 12 Beds
  • 9 Baths
  • 6,308 Sq.Ft.
Sold
$2,335,000 Sold Price as of 08/19/2022 Refinance Your Mortgage
Map preview of 2757 San Marino St, Los Angeles, CA 90006

Property Overview: 2757 San Marino St Los Angeles, CA has 12 bedrooms, 9 bathrooms, 6,308 living square feet and 6,746 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: I am pleased to offer the opportunity to acquire The Scarlett, an eight-unit renovated apartment community in Koreatown. Situated just North of Olympic Boulevard and West of Hoover Street, the subject property is located within one of Los Angeles' most desirable neighborhoods. Koreatown is one of the most widely publicized and energized communities in Los Angeles. The Scarlett consists of four one-bedroom den units and four two-bedroom units on a 6,750 square foot parcel. Current Ownership has extensively renovated six units and features thoughtful design details like Spanish tiles, high ceilings, marble countertops, state-of-the-art appliances, and more. Renovated units also include Split A/C-Heat system and washer and dryers and are achieving premiums over the average in-place rents. Additionally, the common area has been improved with new exterior paint and secured parking. This offering presents investors a rare buying opportunity to purchase a stabilized asset with six out eight units at market rents, providing passive income in a market that has shown consistent growth in population and rents year over year.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 12 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 109

Home details

Lot Sq. Ft
6,746
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22133547
City
Los Angeles
County
Los Angeles
Time on Site
796 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $982
  • Total Rent: $982
  • Pro Forma/Market Rent: $1,945
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,945
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,945
  • Total Rent: $1,945
  • Pro Forma/Market Rent: $1,945
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $879
  • Total Rent: $879
  • Pro Forma/Market Rent: $1,945
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.68%
  • Gross Rent Multiplier: 14.21
  • Gross Scheduled Income: --
  • Net Operating Income: $113,228
  • Gross Operating Income: $176,046
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2757 San Marino St

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5077028023
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of Pico Boulevard, West of Vermont
View more facts & features

Local Los Angeles Agent

Sale History for 2757 San Marino St

Last sold for $2,335,000 on August 19th, 2022

  • August, 2022

  • Aug 19, 2022

    Date

    Sold

    CRMLS: 22133547

    $2,335,000

    Price

  • Mar 4, 2022

    Date

    Active

    CRMLS: 22133547

    $2,500,000

    Price

  • February, 2022

  • Feb 22, 2022

    Date

    Canceled

    CRMLS: 21103805

    $2,500,000

    Price

  • Nov 10, 2021

    Date

    Active

    CRMLS: 21103805

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    The Scarlett consists of four one-bedroom den units and four two-bedroom units on a 6,750 square foot parcel. Current Ownership has extensively renovated six units and features thoughtful design details like Spanish tiles, high ceilings, marble countertops, state-of-the-art appliances, and more. Renovated units also include Split A/C-Heat system and washer and dryers and are achieving premiums over the average in-place rents. Additionally, the common area has been improved with new exterior paint and secured parking. This offering presents investors a rare buying opportunity to purchase a stabilized asset with six out eight units at market rents, providing passive income in a market that has shown consistent growth in population and rents year over year.

  • April, 2021

  • Apr 10, 2021

    Date

    Expired

    CRMLS: OC21024168

    $2,200

    Price

  • Feb 5, 2021

    Date

    Active

    CRMLS: OC21024168

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    ***LIMITED TIME ONLY*** 1 MONTH FREE RENT ALL APPLIANCES INCLUDED - WE OFFER VIRTUAL TOURS WELCOME HOME to this lovely, spacious 2 bedroom, 2 bathroom apartment in the world class transformed Koreatown neighborhood. This apartment is in the heart of glittery Los Angeles near Downtown LA and all of the greater LA region - North, East, South, and West!!! . The unbeatable location is close to the 10, 110, and 101 Freeways making commuting a breeze to anywhere in LA or SoCal. Or if you prefer to work from home and enjoy your gorgeous new home, this charming building has been extensively remodeled and is near multiple incredible restaurants, bars, and shopping options. This redesigned unit boasts modern hardwood-style flooring, a spacious living area, timeless trim, and upgraded lighting and ceiling fan fixtures, a stylish kitchen with quartz countertops, stainless steel appliances, white subway tile back-splash, modern white shaker-style cabinetry, and a sunny dining nook. Whether you live the Laptop Lifestyle or enjoy lounging in your room, the charming bedrooms with generous closet space, an airy feel, and the remodeled bathroom complete with designer vanity, over-sized framed mirror/medicine cabinet for plenty of storage, and subway tile-walled shower and surround are sure to please! This luxury apartment residence has brand new heating/cooling systems and in-unit laundry. Parking is available and we look forward to welcoming you home! Come see it NOW before it is GONE!

  • November, 2020

  • Nov 1, 2020

    Date

    Canceled

    CRMLS: 20641616

    $2,095

    Price

  • Oct 3, 2020

    Date

    Active

    CRMLS: 20641616

    $2,095

    Price

  • Listing provided courtesy of CRMLS

    A beautiful 2 bed, 1 bath has been renovated and is now available at the Scarlett building in Koreatown. This unit comes equipped with an updated kitchen featuring brand-new stainless-steel appliances (range/oven, refrigerator, microwave, and dishwasher), new custom cabinetry, and quartz countertops. The unit has beautiful flooring throughout, washer and dryer in unit, an upgraded bathroom, air conditioning in the living room and one bedroom, new blinds, new paint, and plenty of storage space. 1 parking space included in a fully secured parking lot with an automatic gate. Pets considered on a case by case basis. Conveniently located in Koreatown. Come and see it today!!

  • October, 2020

  • Oct 1, 2020

    Date

    Leased

    CRMLS: 20622324

    $1,795

    Price

  • Sep 17, 2020

    Date

    Price Change

    CRMLS: 20622324

    $1,795

    Price

  • Sep 1, 2020

    Date

    Price Change

    CRMLS: 20622324

    $1,895

    Price

  • Aug 22, 2020

    Date

    Active

    CRMLS: 20622324

    $1,950

    Price

  • Listing provided courtesy of CRMLS

    A beautiful 1 bed, 1 bath plus den has been renovated and is now available at the Scarlett building in Koreatown. This unit comes equipped with an updated kitchen featuring brand-new stainless-steel appliances (range/oven, refrigerator, microwave, and dishwasher), new custom cabinetry, and quartz countertops. The unit has beautiful flooring throughout, washer and dryer in unit, an upgraded bathroom, new blinds, new paint, and plenty of storage space. 1 parking space included in a fully secured parking lot with an automatic gate. Pets considered on a case by case basis. Conveniently located in Koreatown. Come and see it today!!

  • October, 2020

  • Oct 1, 2020

    Date

    Leased

    CRMLS: 20591556

    $2,095

    Price

  • Sep 1, 2020

    Date

    Price Change

    CRMLS: 20591556

    $2,095

    Price

  • Jul 14, 2020

    Date

    Price Change

    CRMLS: 20591556

    $2,195

    Price

  • Jun 17, 2020

    Date

    Active

    CRMLS: 20591556

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    A beautiful 2 bed, 1 bath has been renovated and is now available at the Scarlett building in Koreatown. This unit comes equipped with an updated kitchen featuring brand-new stainless-steel appliances (range/oven, refrigerator, microwave, and dishwasher), new custom cabinetry, and quartz countertops. The unit has beautiful flooring throughout, washer and dryer in unit, an upgraded bathroom, air conditioning in the living room and one bedroom, new blinds, new paint, and plenty of storage space. 1 tandem parking space (2 parking spaces) included in a fully secured parking lot with an automatic gate. Pets considered on a case by case basis. Conveniently located in Koreatown. Come and see it today!!

  • July, 2020

  • Jul 30, 2020

    Date

    Canceled

    CRMLS: 20566542

    $2,500,000

    Price

  • May 21, 2020

    Date

    Price Change

    CRMLS: 20566542

    $2,500,000

    Price

  • Mar 24, 2020

    Date

    Active

    CRMLS: 20566542

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    I am pleased to offer the opportunity to acquire The Scarlett, an eight-unit renovated apartment community in Koreatown. Situated just North of Olympic Boulevard and West of Hoover Street, the subject property is located within one of Los Angeles' most desirable neighborhoods. Koreatown is one of the most widely publicized and energized communities in Los Angeles. The Scarlett consists of three one-bedroom den units and five two-bedroom units on a 6,750 square foot parcel. Current Ownership has extensively renovated six units and features thoughtful design details like Spanish tiles, high ceilings, marble countertops, state-of-the-art appliances, and more. Renovated units also include Split A/C-Heat system and washer and dryers and are achieving premiums over the average in-place rents: $971 for one-bedroom units and $1,365 for two-bedroom units. Additionally, the common area has been improved with new exterior paint and secured parking.

  • May, 2020

  • May 1, 2020

    Date

    Expired

    CRMLS: 20563294

    $2,250

    Price

  • Mar 17, 2020

    Date

    Active

    CRMLS: 20563294

    $2,250

    Price

  • Listing provided courtesy of CRMLS

    A beautiful 2 bed, 1 bath has been renovated and is now available at the Scarlett building in Koreatown. This unit comes equipped with an updated kitchen featuring brand-new stainless-steel appliances (range/oven, refrigerator, microwave and dishwasher), new custom cabinetry and quartz countertops. The unit has beautiful flooring throughout, washer and dryer in unit, an upgraded bathroom, air conditioning in the living room and one bedroom, new blinds, new paint and plenty of storage space. A cozy and private outdoor space comes with the unit. 1 parking space included in a fully secured parking lot with an automatic gate. Pets considered on a case by case basis. Conveniently located in Koreatown. Come and see it today!!

  • March, 2020

  • Mar 5, 2020

    Date

    Leased

    CRMLS: 20556338

    $2,450

    Price

  • Feb 21, 2020

    Date

    Active

    CRMLS: 20556338

    $2,450

    Price

  • Listing provided courtesy of CRMLS

    A beautiful 2 bed, 2 bath has been renovated and is now available at the Scarlett building in Koreatown. This unit comes equipped with an updated kitchen featuring brand-new stainless-steel appliances (range/oven, refrigerator, microwave), new custom cabinetry and quartz countertops. The unit has beautiful flooring throughout, washer and dryer in unit, an upgraded bathroom, air conditioning in the living room and one bedroom, new blinds, new paint and plenty of storage space. A cozy and private outdoor space comes with the unit. 1 parking space included in a fully secured parking lot with an automatic gate. Pets considered on a case by case basis. Conveniently located in Koreatown. Come and see it today!!

  • April, 2019

  • Apr 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,660,000

    Price

  • July, 2018

  • Jul 25, 2018

    Date

    Leased

    CRMLS: 18327902

    $1,850

    Price

  • Mar 29, 2018

    Date

    Active

    CRMLS: 18327902

    $1,950

    Price

  • Listing provided courtesy of CRMLS

    Remodeled two bedroom in Koreatown. Renovated kitchen with new cabinetry, countertops and lamiante flooring. Renovated bathroom with new fixtures. On site laundry.

  • November, 2017

  • Nov 18, 2017

    Date

    Expired

    CRMLS: 16181086

    $1,650,000

    Price

  • Jul 14, 2017

    Date

    Withdrawn

    CRMLS: 16181086

    $1,650,000

    Price

  • Jan 6, 2017

    Date

    Active

    CRMLS: 16181086

    $1,650,000

    Price

  • Dec 19, 2016

    Date

    Withdrawn

    CRMLS: 16181086

    $1,650,000

    Price

  • Dec 6, 2016

    Date

    Price Change

    CRMLS: 16181086

    $1,650,000

    Price

  • Nov 17, 2016

    Date

    Active

    CRMLS: 16181086

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

    2757 San Marino St a 8-unit (title says 10 unit but it is operated as a 8 unit APT, buyer to rely on their own investigation) apartment building located in one of the most popular rental market in the country, Koreatown neighborhood of Los Angeles between Wilshire Blvd and Olympic Blvd with great walking access to public transportation, restaurants and other employment and cultural opportunities. Unit Mix includes: 3x (2+1); 3x (1+1+Den); 2x (1+1). The building was originally constructed in 1925, but it includes gated parking spaces. This investment opportunity presents tremendous upside rental income for any investor who is looking to add value.

  • February, 2016

  • Feb 18, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

Show More

Tax History for 2757 San Marino St

Assessed Value (2020): $1,695,720
Year Land Value Improved Value Assessed Value
2020 $1,346,400 $349,320 $1,695,720

Home Value Compared to the Market

This property vs the competition

2757 San Marino St sold on August 19, 2022 for 103.36% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $383.64 per/sqft which puts the price per square foot 49.19% lower than the current median sale per square foot for the city of Los Angeles.

About 2757 San Marino St

Detailed summary of property

2757 San Marino St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 12 bedrooms, 9 bathrooms, roughly 6,308 living square feet, and sits on an approximately 6,746 square foot lot. 2757 San Marino St was first listed on ArdentRealEstateGroup.com on March 4, 2022. The homeowner sold the property for $2,335,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 103.36% higher than the current median priced home. Local homes that are currently for sale include 1417 S Bonnie Brae St, 1139 S Kingsley Dr and 1145 S Kingsley Dr. While the average home in Los Angeles, CA is selling in 94 days, 2757 San Marino St has a days on market of 109 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2757 San Marino St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2757 San Marino St

Public county record property details
Beds
15
Baths
10
Year built
1925
Sq. Ft.
6,308
Lot Size
6,750
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7,24
APN
5077-028-023

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$611
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
37
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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. 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, 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.

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