$1,995,000
2811 San Marino Street
Los Angeles, CA 90006
Los Angeles
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Land
Property Type
About this home
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.
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Mortgage Estimate
$10,618/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
Last updated: October 21, 2026 at 4:15 PMThe multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.