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3555 San Marino St 16 Unit Apartment Building $4,347,963 CAD ($271,748 CAD/Unit) 4.57% Cap Rate Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- First Time on Market in Over 25 Years
- Great Koreatown Location
- Value-Add Opportunity with 62% Upside +/-
- Soft-Story Retrofit Has Been Completed
EXECUTIVE SUMMARY
We are pleased to present our newest listing at 3555 San Marino St, a 16-unit multifamily offering in the heart of Los Angeles’ Koreatown neighborhood. Hitting the market for the first time in over 25 years, this value-add asset features thirteen 1-bedroom/1-bath units and three 2-bedroom/1-bath units. With a completed soft-story seismic retrofit and 100% rental upside potential, 3555 San Marino presents a compelling opportunity to reposition a well-located asset in one of LA’s most dynamic rental markets. The property is surrounded by strong tenant demand, walkable amenities, and convenient access to major transit corridors. This is an ideal investment for those seeking long-term value growth and substantial income potential in a core Los Angeles location. For more information, please reach out to Stefan Ignjatovic.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,347,963 CAD | Property Subtype | Apartment |
| Price Per Unit | $271,748 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.57% | Building Size | 11,294 SF |
| Gross Rent Multiplier | 12.16 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 1.63/1,000 SF |
| Zoning | R4-2, Los Angeles - high density residential | ||
| Price | $4,347,963 CAD |
| Price Per Unit | $271,748 CAD |
| Sale Type | Investment |
| Cap Rate | 4.57% |
| Gross Rent Multiplier | 12.16 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 11,294 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | R4-2, Los Angeles - high density residential |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $2,874 CAD | 706 |
| 1+1 | 13 | $2,353 CAD | 706 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (74)
PROPERTY TAXES
| Parcel Number | 5093-001-021 | Total Assessment | $1,334,813 CAD |
| Land Assessment | $539,969 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $794,843 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5093-001-021
Land Assessment
$539,969 CAD
Improvements Assessment
$794,843 CAD
Total Assessment
$1,334,813 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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3555 San Marino St
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