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1032 N Berendo St
Los Angeles, CA 90029
Multifamily Property For Sale
·
8 Units
Investment Highlights
- 1032 N Berendo Street is an 8-Unit investment opportunity in East Hollywood, a densely populated rental submarket known for excellent rent growth.
- Future ownership will have the opportunity to add immediate value as two units will be delivered vacant at close of escrow.
- The property has a WALKSCORE OF 92 and is within close proximity to several neighborhood hotspots.
- 1032 N Berendo Street consists of one (1) 2 Bedroom / 2 Bathroom unit, six (6) 1 Bedroom / 1 Bathroom units, and one (1) Single apartment.
- Certificate of Occupancy from 1962 includes a ninth “guest room”. New ownership will have the opportunity to permit and convert into a legal unit.
- Ownership completed the mandatory soft-story retrofit in 2020.
Property Facts
| No. Units | 8 | Building Size | 5,146 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | LAR4 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,146 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | LAR4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $1,218 | - |
| 1+1 | 6 | $1,309 | - |
| Studios | 1 | $750.00 | - |
Property Taxes
| Parcel Number | 5538-021-016 | Improvements Assessment | $450,000 |
| Land Assessment | $1,300,000 | Total Assessment | $1,750,000 |
Property Taxes
Parcel Number
5538-021-016
Land Assessment
$1,300,000
Improvements Assessment
$450,000
Total Assessment
$1,750,000
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