810 S Berendo Street
Los Angeles, CA 90005
12747 sqft | 30 beds | 0.17 acres | #25492886
Description
First time on the market in almost 50 years! $389,964 gross annual income. 5.7 CAP rate. A NON rent-controlled, (1991 built) 17-Unit apartment with huge upside potential with underground gated parking, a common area laundry, and an incredible UNIT-MIX.(13 Units =2+2) (4 Units =1+1) Situated in an amazing location in the middle of Koreatown with a 2 mile close-proximity to Downtown-LA and USC, a 7 mile distance to Rodeo Dr-Beverly Hills and a quick 3 minute-walk to Wilshire/Vermont Subway Station. ALL units are SEPARATELY metered for water & electricity. TENANTS pay for their own water & electricity. Current tenants are paying 40% below market rate, R4 zoned 7,300 SF lot. Next door shopping center (3062 W. 8th St, C4 zoned, @12,500 SF) is ALSO available for the right buyer at the right price, rendering a possible NEW CONSTRUCTION for a grand-scale multi unit apartment and/or a condo project on a combined 25,000 SF lot. (Don't ask me where the shopping center is. Google it up). DRIVE-BY ONLY!
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$5,300,000
- MLS #25492886
- MLS #25492886
- Cost5300000
- Acres0.1665
- Square Feet12747
- Year Built1991
- Bedrooms30
- Parking Spaces26
- Stories4
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Peter Yoo (#CLW-X67986)
Listing Office: Masters Realty & Investment (#CLW-X74550)
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