1032 N Berendo St - Apartments FOR SALE
Los Angeles, CA 90029 |
1032 N Berendo St
Los Angeles, CA 90029
HIGHLIGHTS
- 1032 N Berendo Street is an 8-Unit investment opportunity in East Hollywood, a densely populated rental submarket known for excellent rent growth.
- 1032 N Berendo Street consists of one (1) 2 Bedroom / 2 Bathroom unit, six (6) 1 Bedroom / 1 Bathroom units, and one (1) Single apartment.
- Future ownership will have the opportunity to add immediate value as two units will be delivered vacant at close of escrow.
- Certificate of Occupancy from 1962 includes a ninth “guest room”. New ownership will have the opportunity to permit and convert into a legal unit.
- The property has a WALKSCORE OF 92 and is within close proximity to several neighborhood hotspots.
- Ownership completed the mandatory soft-story retrofit in 2020.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
5146
STORIES
2
YEAR BUILT
1962
PARKING SPACES
8
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5538-021-016
