2625 San Marino Street, Los Angeles, CA 90006

property

2625 San Marino Street, Los Angeles, CA 90006

IRR

18%

Equity multiple

1.82x

The development site is located at 2625 San Marino Street, five blocks south from Wilshire Blvd. and Hoover Street, Los Angeles and one block north of Olympic Boulevard. The development site is a 6,750 SF parcel of land and will consist of 17 market rate, 8 fully-furnished units for corporate housing tenants, and 3 low-income apartment units, for a total of 28 units. This site is made attractive by a dense R4-1 zoning TOC Tier 2 (60% Density Bonus), FAR of 3:1 with 40% increase, with no height restrictions. The property was acquired in February 2023. The vision for the project is to build a modern boutique apartment complex with progressive but cost efficient design elements.
The Project has received approved TOC Tier 2 verification and submitted to Building and Safety PZA (Project Zoning Approval). Once approved we anticipate to obtain Building Permits within 12 months.
Bedrock Property Investors II, LLC in partnership with DCX Developers and Archeon Group has extensive expertise in designing and developing a broad range of real estate assets. Archeon, a Los Angeles-based architectural and development firm, has designed over 10,000 multifamily units and has a 30+ year track record with numerous award-winning projects.
Investment details and proforma are available upon request.

Invest with Bedrock

Bedrock Property Investors, LLC invites you to join us on our journey to make a difference in the lives of individuals and communities. Together, let’s create a brighter future by developing thriving, inclusive neighborhoods where everyone can thrive.