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Millman Team Real Estate

$10,500,000
0.16 Acre Lot

2683 San Marino Street, Los Angeles, California 90006

  • Commercial Sale Property Type
  • 2025 Year Built
Property Description

23-Unit | New Construction | Section 8 Tenants | No Rent Control Property Overview Situated in the heart of Koreatown, 2683 San Marino St is a brand-new 23-unit multifamily development completed in 2025. Rising six stories, this contemporary building offers a unit mix of 1-bedroom, 1-bathroom units which is extremely popular in this area demographic and is ideally positioned for long-term cash flow and stability. Investment Highlights NEWLY CONSTRUCTED 2025 – Modern construction, low maintenance No Rent Control Section 8 Approved – Stable, guaranteed rental income 13 Parking Spaces – On-site tenant convenience Potential to Add 2 ADUs – Expand cash flow Offering Details Price: Unpriced – Submit Best Offer CAP Rate (Pro Forma): 4.15% GRM: 17.34 Lot Size: 15, 500 SF Stories: 6 Units: 23 (All 1 Bed / 1 Bath)

Basic Details
Commercial Sale
For Sale
SR25247415
$10,500,000
2025
0.16 Acre
Active
Multi Family
Features
: Natural Gas
: Central Air
: Common Area
: Water Available
$0
Address Map
CA
Los Angeles
Los Angeles
90006
San Marino
2683
Street
W119° 42' 49.1''
N34° 3' 19''
2683 San Marino St, Los Angeles, CA, 90006 / Please do not enter the property
C42 - Downtown L.A.
Additional Information
$0
$0
$0
$0
$0
15500
Electricity - On Property
1
: 21-25 Units/Acre
23
2025-10-25
6
: Public
Broker/Agent Information
Drona Realty & Mortgages
Veer Jain
Listing Information
SR195549581
SR0164700
Active
2026-02-13T13:41:21Z
CRMLS
: Standard
2025-10-25T14:38:55Z
Agent info
Ray Millman
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