122 S Berendo Street

    Los Angeles (City), CA 90004
    • $1,590,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: 18360060
    UPDATED: 13 min ago
    $1,590,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,737
      SQFT
    • $336
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    122 South Berendo Street, Los Angeles CA 90004, is located within the Mid-Wilshire sub market and features 9 apartment units and parking for 7-8 vehicles. The unit composition consists of One (1) Three Bedroom Home, Four (4) Bachelor-style units and Four (4) Singles, each with spacious and functional layouts. Built in 1948, the property is sited on an 8,668 square foot parcel zoned R3.The 3 Bedroom Home (Unit #122) is individually metered for gas and electrical utilities. The gas & electrical utilities for the remaining 8 units arepaid by ownership in which annual rents could be potentially raised 5% annually.122 South Berendo Street is in the densely populated location, one of LA's most dynamic. Residents are within easy access tomajor area amenities and just 0.4 miles from the Vermont / Beverly Metro Red Line station. There is substantial rental upside as market rents are higher than existing rents thus representing a strong acquisition opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T00:29:46.233. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85136267

    122 S Berendo Street Los Angeles (City), CA 90004

    • Price: $1,590,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: 18360060
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,737
    SQFT
    $336
    $/SQFT
    1948
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    122 South Berendo Street, Los Angeles CA 90004, is located within the Mid-Wilshire sub market and features 9 apartment units and parking for 7-8 vehicles. The unit composition consists of One (1) Three Bedroom Home, Four (4) Bachelor-style units and Four (4) Singles, each with spacious and functional layouts. Built in 1948, the property is sited on an 8,668 square foot parcel zoned R3.The 3 Bedroom Home (Unit #122) is individually metered for gas and electrical utilities. The gas & electrical utilities for the remaining 8 units arepaid by ownership in which annual rents could be potentially raised 5% annually.122 South Berendo Street is in the densely populated location, one of LA's most dynamic. Residents are within easy access tomajor area amenities and just 0.4 miles from the Vermont / Beverly Metro Red Line station. There is substantial rental upside as market rents are higher than existing rents thus representing a strong acquisition opportunity.
    Exterior Features

    Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 16.50 Gross Operating Income 96176.00 Improvements Amount 227822 Land Value 1035555 Laundry YN Yes Net Operating Income 54311.00 Special Listing Conditions Standard Total Expenses 39941.00 Zoning Lar3

    Listing provided courtesy of Rich Johns of Kw Commercial Studio City.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T00:29:46.233. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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