3
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$2,750,000
Est. payment /mo
7,814 Sqft Lot
New
1184 N Berendo ST Los Angeles, CA 90029
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UPDATED:
12/30/2024 10:22 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR24248488
HOA Y/N No
Year Built 1958
Lot Size 7,814 Sqft
Property Description
Prime Corner Lot Investment Opportunity – 1184 N Berendo Street, Los Angeles.
Exceptional 10-unit apartment building in East Hollywood, just two blocks from Sunset Blvd. With a proforma CAP rate of 8.5%+, this value-add opportunity features 7,864 SF of living space on a 7,815 SF corner lot. The unit mix includes (8) 1B+1B, (1) 2B+1B, and (1) 2B+2B, with one vacancy and nine parking spaces.
Centrally located near Larchmont Village, Koreatown, and Downtown LA, this property benefits from its proximity to top employers (Netflix, Kaiser, Paramount) and major retailers (Ralphs, Starbucks). Easy freeway access and strong rental demand make it a standout investment in a highly desirable area. SELLER WILL LISTEN TO ALL REASONABLE OFFERS!
Exceptional 10-unit apartment building in East Hollywood, just two blocks from Sunset Blvd. With a proforma CAP rate of 8.5%+, this value-add opportunity features 7,864 SF of living space on a 7,815 SF corner lot. The unit mix includes (8) 1B+1B, (1) 2B+1B, and (1) 2B+2B, with one vacancy and nine parking spaces.
Centrally located near Larchmont Village, Koreatown, and Downtown LA, this property benefits from its proximity to top employers (Netflix, Kaiser, Paramount) and major retailers (Ralphs, Starbucks). Easy freeway access and strong rental demand make it a standout investment in a highly desirable area. SELLER WILL LISTEN TO ALL REASONABLE OFFERS!
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LARD1.5
Interior
Fireplace No
Laundry None
Exterior
Carport Spaces 8
Pool None
Community Features Sidewalks
Total Parking Spaces 9
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5540021001
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Special Listing Condition Standard
Listed by May Arroyo • Premier Properties Realty Prof • 626-688-6888