Request More Info
Schedule a Showing
Share
Print
|
We are pleased to present the 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. Offered at $2,495,000, the project represents an attractive basis of approximately $55K 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 a ready RTI project with all permit fees already paid. Begin construction without starting the permitting process from scratch! 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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 8/19/2026 | Year Built | 0 |
|---|---|---|---|
| Community | C17 - Mid-Wilshire | County | Los Angeles |
Additional Details
| AREA | C17 - Mid-Wilshire |
|---|---|
| LOT | 8124 sq ft |
| LOT DIMENSIONS | 8124 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Keller Williams Beverly Hills
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email