810 S Berendo St - Apartments FOR SALE


Los Angeles, CA 90005- Koreatown
$4,500,000 USD
310-425-9838
810 S Berendo St, Los Angeles, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/12
null | 5.26% Cap Rate

810 S Berendo St
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • Built in 1991. No L.A. RSO. Rents can be immediately raised.
  • 33% Loss to Lease.
  • Value-add opportunity to increase NOI by 54%.
  • Great unit mix of (13) 2B/2BA and (4) 1B/1BA with central A/C.
  • Superb Koreatown location two blocks from Wilshire Blvd.
  • Ability to purchase with the adjacent shopping center.

OVERVIEW

Built in 1991, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) and offers investors immediate rental upside through AB 1482. The property consists of (13) 2-bedroom/2-bath units and (4) 1-bedroom/1-bath units, totaling approximately 12,747 square feet on a 7,252 square foot LAR4-zoned lot. Amenities include 24 subterranean parking spaces, central air conditioning and heating in every unit, controlled access, and an on-site laundry. Property being sold with adjacent shopping center. Can be purchased individually or as a portfolio.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

17

PRICE/UNIT

$264,706

CAP RATE

5.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1991

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR4

APN/PARCEL ID

5094-013-020

ASK ABOUT THIS PROPERTY

Len KayLyon Stahl Investment Real EstateMore Info
310-425-9838

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Len KayLyon Stahl Investment Real EstateMore Info
310-425-9838

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