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951 S Berendo Street

Los Angeles (City), CA 90006
  • $1,700,000
  • STATUS: Active Under Contract
  • ON SITE: 364 Days
  • MLS #: 22141915
Under Contract
UPDATED: 103 min ago
$1,700,000
  • 14
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,349
    SQFT
  • $391
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Listing Agent(s): John Wright of Matthews Real Estate Investment Services (866-889-0550) and Taylor Avakian of Tayvay Corporation(916-996-4421)


Description

951-953 S Berendo St is a 13-unit apartment building situated on 5,909 square feet of land in the beautiful Koreatown submarket of Los Angeles, CA. It comprises of four (4) Bachelor units, eight (8) Bachelor SRO units, one (1) two-bedroom, one-bathroom units and one (1) non-conforming Bachelor SRO unit. This property provides a clear path for an investor to execute their business plan and have a great cash flowing property from day one. It is conveniently located 4 miles from the center of Downtown Los Angeles. This area is a premier location for long terms rental growth assets and is abundant with local hot spots.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-31T00:28:44.623. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/127264899
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951 S Berendo Street Los Angeles (City), CA 90006

  • Price: $1,700,000
  • Status: Active Under Contract
  • On Site: 364 Days
  • Updated: 103 min ago
  • MLS #: 22141915
14
Beds
0
Baths
0
½ Baths
0.14
Acres
4,349
SQFT
$391
$/SQFT
1925
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
951-953 S Berendo St is a 13-unit apartment building situated on 5,909 square feet of land in the beautiful Koreatown submarket of Los Angeles, CA. It comprises of four (4) Bachelor units, eight (8) Bachelor SRO units, one (1) two-bedroom, one-bathroom units and one (1) non-conforming Bachelor SRO unit. This property provides a clear path for an investor to execute their business plan and have a great cash flowing property from day one. It is conveniently located 4 miles from the center of Downtown Los Angeles. This area is a premier location for long terms rental growth assets and is abundant with local hot spots.
Exterior Features

Parking Total 0

Property Features

Association YN No Cap Rate 3.93 Gross Income 124716 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 66876 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-31T00:28:44.623. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): John Wright of Matthews Real Estate Investment Services (866-889-0550) and Taylor Avakian of Tayvay Corporation(916-996-4421)