2625 San Marino St

The Tuvia Group closed this four-unit Koreatown property for $1,355,000, representing the second-highest sale price for a Koreatown fourplex that year. Despite significant deferred maintenance, the property’s 100% vacancy and oversized one-bedroom units averaging more than 1,150 square feet created a compelling repositioning opportunity. The buyer utilized FHA financing with just 5% down and plans to convert the existing one-bedroom layouts into three-bedroom units. The transaction achieved $338,750 per unit and $289.53 per square foot, while the property also offered longer-term upside through the potential to double the unit count utilizing SB 1211.