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951 S Berendo St

Los Angeles, CA 90006
  • $1,700,000
  • STATUS: Active
  • ON SITE: 135 Days
  • ID#: 22-141915
UPDATED: 58 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:
Area:

School Ratings & Info

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 the Combined LA/Westside Multiple Listing Service as of 2022-08-14T17:42:48.297. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/127266309
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951 S Berendo St Los Angeles, CA 90006

  • Price: $1,700,000
  • Status: Active
  • On Site: 135 Days
  • Updated: 58 min ago
  • ID#: 22-141915
14
Beds
0
Baths
0
½ Baths
0.14
Acres
4,349
SQFT
$391
$/SQFT
1925
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
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

Lot Size Area 5909 Other Structures Other Parking Garage Other Total Parking 0

Interior Features

Baths Total 6.00 Cooling Other Equipment Other Heating Other

Property Features

Gross Income 124716 Gross Operating Income 120975 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 63126.00 Number Of Buildings 2 Number Of Units 13 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 57849 Type Of Units Apartments Year Built Source Assessor Zoning Lar4

Listing provided courtesy of John Wright DRE# of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-14T17:42:48.297. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064