$ 1,995,000
-
$1,995,000
Price -
0.19
Acre
NEW! Buy and sell safely with virtual options - Learn More
About the Listing CLW-X74054 - CLW-C126012
MAJOR PRICE REDUCTION! We are pleased to present San Marino Villas, a rare opportunity to acquire a Ready-to-Issue (RTI) 45-unit development project at 2811 San Marino Street, centrally located in Koreatown. Now offered at $1,995,000, representing an attractive basis of approximately $44K per door. Existing improvements consist of 4 units to be delivered vacant, providing the buyer with a clear path toward redevelopment. The proposed project consists of 36 base units + 9 ADUs, with a unit mix of 13 two-bedroom units, 23 one-bedroom units, and 9 studios. TOC project - NOT ED1, with 11% of the base units designated Extremely Low Income. The project will be delivered RTI WITH ALL PERMIT FEES PAID! Plans call for a 7-story development featuring Type III-A construction over Type I-A, five residential stories above two levels of subterranean parking, plus a rooftop deck for resident enjoyment. Ideally situated in the heart of Koreatown near shopping, dining, employment, transit, and other neighborhood amenities. Approved architectural plans are available for review. Do not miss this opportunity to acquire an RTI project at approximately $44K per door with all permit fees already paid! Buyer is advised to independently verify all information, including but not limited to existing improvements, zoning, TOC incentives, affordability requirements, plans, permits, RTI status, development potential, square footage, and all other project details with the appropriate professionals and governmental agencies. Contact listing agent for additional information and architectural plans.
Listing Highlights for 2811 San Marino St
Interior Details
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR4
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5077029002
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
2811 San Marino St Los Angeles, CA 90006
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
