532 N Berendo St - Multi-Family FOR SALE


Los Angeles, CA 90004- East Hollywood
$1,450,000 USD
310-999-8948
532 N Berendo St, Los Angeles, CA for Sale
$1,450,000 USD
Multi-Family - FOR SALE
1/24
null | 6.23% Cap Rate

532 N Berendo St
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • Four unit property plus 1 non conforming unit. Great for residential financing!
  • 7,505 SF R3 Lot allows for several uses including redevelopment, ED1, Adding ADU's and more
  • Three out of the five units delivered vacant. Incredible opportunity for owner user and/or investor!

OVERVIEW

532 N. Berendo Street is a five-unit apartment property (four units per title) situated on a 7,505 square foot corner lot in East Hollywood. The asset offers investors the ability to obtain residential financing, as it is reflected as a four-unit building on title, and may be delivered with up to THREE UNITS VACANT creating immediate upside through lease-up, renovation, or owner-user occupancy. Zoned R3 and located in a Tier 3 TOC area, the oversized lot provides significant value-add and redevelopment potential, including an ADU addition and possible ED1 eligibility (buyer to verify). The unit mix is made up of Three 2B 1BA, One 3B, 1BA, and One non conforming 2B, 1BA. Reach out for more information / Offering Memorandum.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$423 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,500

CAP RATE

6.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,505 SF

ZONING

LAR3

APN/PARCEL ID

5520-006-004

ASK ABOUT THIS PROPERTY

Yigal FatirianLyon Stahl Investment Real EstateMore Info
310-999-8948

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Yigal FatirianLyon Stahl Investment Real EstateMore Info
310-999-8948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.