$2,900,000
$200K PRICE INCREASE

Estimated payment $17,677/month

Total Views 1,283
6 Beds
4 Baths
4,881 Sq Ft
$594 Price per Sq Ft

About This Home

Shovel-Ready 29-Unit Development in Koreatown. Fully Entitled & Permitted. Rare opportunity for developers to step into a fully approved project in the heart of Koreatown. 2821 San Marino St sits on a 6,752 SF lot with RTI permits and plans for a 7-story, 29-unit multifamily building (26 market-rate + 3 affordable). The current structure is a vacant 4,881 SF Quadruplex, ready for demo. Prime location near Crypto.com Arena, LA Live, and DTLA with strong rental demand and transit access. Save time and soft cost. This project is ready to go. Request full plans and start building immediately.

Listing Agent

Kyungho Hwang

4B Advisors Inc. License #01877950 Listed on: 05/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,513

Year Built

  • Built in 1906

Lot Details

  • 6,752 Sq Ft Lot
  • Lot Dimensions are 50 x 135

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 4,881 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5077-029-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,513

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 4881
  • Lot Acreage: 0.1550
  • Lot Dimensions: 50 x 135
  • Stories: 2
  • Year Built: 1906
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 594.14

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 25.71
  • Assessed Improvement Value: 468180
  • Assessed Land Percent: 74.29
  • Assessed Land Value: 1352520
  • Total Assessed Value: 1820700
  • Assessor Parcel Number: 5077-029-004
  • Lot Size Area: 6752

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Fourplex
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,513 $1,857,113 $1,379,570 $477,543
2024 $22,513 $1,820,700 $1,352,520 $468,180
2023 $22,083 $1,785,000 $1,326,000 $459,000
2022 $21,066 $1,750,000 $1,300,000 $450,000
2021 $20,790 $1,715,521 $1,286,641 $428,880
2020 $21,001 $1,697,932 $1,273,449 $424,483
2019 $20,172 $1,664,640 $1,248,480 $416,160
2018 $20,029 $1,632,000 $1,224,000 $408,000
2016 $8,456 $672,898 $305,863 $367,035
2015 $8,337 $662,791 $301,269 $361,522
2014 $8,388 $649,809 $295,368 $354,441
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 For Sale $2,900,000 0.0% $594 / Sq Ft
05/03/2025 05/03/25 Off Market $2,900,000 -- --
04/14/2025 04/14/25 Price Changed $2,900,000 +7.4% $594 / Sq Ft
04/08/2025 04/08/25 For Sale $2,700,000 -- $553 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Chicago Title Company
Quit Claim Deed -- Provident Title
Warranty Deed -- None Available
Quit Claim Deed -- Provident Title Company
Quit Claim Deed $670,000 None Available
Grant Deed $550,000 Chicago
Interfamily Deed Transfer -- Southland Title Corporation
Grant Deed $250,000 Orange Coast Title
Trustee Deed $91,260 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 New Conventional
Closed $1,275,000 Construction
Closed $625,000 Commercial
Previous Owner $1,064,000 Commercial
Previous Owner $871,450 New Conventional
Previous Owner $877,500 Purchase Money Mortgage
Previous Owner $238,600 New Conventional
Previous Owner $400,000 Purchase Money Mortgage
Previous Owner $360,000 Unknown
Previous Owner $35,000 Credit Line Revolving
Previous Owner $60,000 Credit Line Revolving
Previous Owner $224,750 No Value Available
Previous Owner $100,000 Unknown
Source: Public Records

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Source: The MLS

MLS Number: 25522643

The MLS

APN: 5077-029-004