Description
2649-2655 San Marino Street is a development opportunity in LA's thriving Koreatown submarket. Located at 2649-2655 San Marino Street, plans and approvals for a 6-story multi-residential building with 5 levels of residential, one level of garage parking and one level of subterranean parking garage over +/-13,500 square feet of land have been completed. The current design includes 55 Class A units, in a highly desirable unit mix of 15 studios, 25 one-bedroom apartments and 15 2-bedroom apartments over +/-38,338 SF. All units have balconies and in-unit washer and dryers. Other amenities planned include 42 total parking spaces with 13 EV spaces, bicycle parking with 62 spaces, a space for a fitness room and a rooftop deck with great views of LA. Six units are reserved for affordable housing.The seller will deliver this project Transit Oriented Community Tier 2 approved. MEP plans have been started and the Letter of Determination has been drafted and submitted to the City Planner.Currently there is 1 building with 4 units on each lot, for a total of 8 units. The developer of this property will participate in the growth of a submarket which has transformed into one of the most desirable places for urban living. Koreatown is drawing millennials seeking a hip urban lifestyle due to its walkability, trendy hotels and restaurants, access to public transportation, and cultural diversity.
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55BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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38,338SQFT
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$90$/SQFT
School Ratings & Info
Description
2649-2655 San Marino Street is a development opportunity in LA's thriving Koreatown submarket. Located at 2649-2655 San Marino Street, plans and approvals for a 6-story multi-residential building with 5 levels of residential, one level of garage parking and one level of subterranean parking garage over +/-13,500 square feet of land have been completed. The current design includes 55 Class A units, in a highly desirable unit mix of 15 studios, 25 one-bedroom apartments and 15 2-bedroom apartments over +/-38,338 SF. All units have balconies and in-unit washer and dryers. Other amenities planned include 42 total parking spaces with 13 EV spaces, bicycle parking with 62 spaces, a space for a fitness room and a rooftop deck with great views of LA. Six units are reserved for affordable housing.The seller will deliver this project Transit Oriented Community Tier 2 approved. MEP plans have been started and the Letter of Determination has been drafted and submitted to the City Planner.Currently there is 1 building with 4 units on each lot, for a total of 8 units. The developer of this property will participate in the growth of a submarket which has transformed into one of the most desirable places for urban living. Koreatown is drawing millennials seeking a hip urban lifestyle due to its walkability, trendy hotels and restaurants, access to public transportation, and cultural diversity.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T19:42:58.58. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.