2861 San Marino Street

Los Angeles, CA 90006

$1,799,000
Price
12
Beds
4
Baths
4,640 Sq. Ft.
$388 / Sq. Ft.
4,640
Sq. Ft.
$388
per Sq. Ft.

Description

An absolutely perfect duplex property featuring 3 bedrooms and 1 bath in each unit, ideal for a long-term investment plan with a 5.93% cap rate. This is a great income property with minimal upkeep costs expected for years to come, making for easy management! One unit can be occupied by the owner or rented out for $3,000. Each units are spacious and come with a detached garage at the back. This opportunity won't last long! Request an Offering Memorandum for a detailed financial analysis. Call for...An absolutely perfect duplex property featuring 3 bedrooms and 1 bath in each unit, ideal for a long-term investment plan with a 5.93% cap rate. This is a great income property with minimal upkeep costs expected for years to come, making for easy management! One unit can be occupied by the owner or rented out for $3,000. Each units are spacious and come with a detached garage at the back. This opportunity won't last long! Request an Offering Memorandum for a detailed financial analysis. Call for more information.
  1. Listed by Ethan Baik • DRE #01927947 • Brokerage DRE #02029389 • Newcastle Realty, Inc. • ethan.baik@baikhome.com

Property Details for 2861 San Marino Street

Architectural Style
Spanish
View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 10/11/2024 11:27 PM

Property Details for 2861 San Marino Street

StatusActive
MLS #PW24209419
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1909
Lot Size0.16 AC / 6,752 SF
CountyLos Angeles County

Building Information for 2861 San Marino Street

Stories2Residences-Year Built1909Building Size-Lot Size0.16 AC / 6,752 SF

Property Information for 2861 San Marino Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $63,732
  • Vacancy Allowance: 36000
  • Gross Operating Income: $99,732
  • Net Operating Income: $71,472
  • Gross Multiplier: 18.04
  • Cap Rate: 3.97
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $28,260
  • New Taxes Expense: $22,308
  • Insurance Expense: $2,249
  • Trash Expense: $0
  • Water Sewer Expense: $3,703
  • Total Expenses: $28,260
Tax / Assessment Info
  • Tax Year: 2023
  • Tax Annual Amount: $13,426
  • Tax Tract Number: todds
  • Tax Census Tract: 2122.02
  • CFD/Mello-Roos Fee: $707
  • Tax Lot: 14
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Gutters, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range
  • Equipment: Gas Dryer Hookup, In Kitchen, Inside, Washer Hookup
  • Interior Features: Granite Counters
  • Room Type: Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside, Washer Hookup
  • Fireplace Features: Living Room, Masonry
  • Fireplace Rooms: Living Room
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Tile, Wood
Exterior Features
  • Window Features: Roller Shields, Screens
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Security: Automatic Gate
  • Construction Materials: Drywall Walls, Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Clay
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Foundation Details: Slab
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Rectangular Lot, No Landscaping, Paved, Walkstreet
  • Direction Faces: South
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage, Garage - 1 Car, Gated
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage, Garage Faces Rear, Garage - Single Door, Gated, On Site
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,825
  • Unit Type Total Rent: $1,825
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,746
  • Unit Type Total Rent: $1,746
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,740
  • Unit Type Total Rent: $1,740
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number With Range: 4
  • Number Wall AC: 4

Property History for 2861 San Marino Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2861 San Marino Street

Taxable ValueLand$661,000Additions$420,635Total$1,081,635
Tax Record2024$13,680 ($1,140 / month)
Home Facts
Total Finished SqFt4,640 SqFtAbove Grade Finished SqFt4,640 SqFtLot Size6,750 SqFtStyleQuadraplexYear Built1909ZoningLAR4CountyLOS ANGELESAPN5077-029-009

Schools near 2861 San Marino Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - K to 12
Public - 6 to 8
Rating
School
Distance
UCLA Community School
PublicK to 12

Young Oak Kim Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2861 San Marino Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on October 10, 2024 by Newcastle Realty, Inc., it's currently listed at $1,799,000. It has been on the market for a total of 41 days and was last sold on May 22, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Rfk Community Schools - Ambassador School - Global Education, UCLA Community School and Rfk Community Schools-New Open World Academy K-12. 2861 San Marino Street is a 12-bed, 4-bath, 4,640 sqft multi-family home built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Newcastle Realty, Inc., Ethan Baik, DRE #01927947

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.