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1184 Berendo St
Los Angeles, CA 90029
10-Unit PRIME Value Add w/ 75%+ Rental UPSIDE · Multifamily Property For Sale
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10 Units
Investment Highlights
- 10-Unit PRIME Value-Add Opportunity
- Priced to sell HIGH PROFORMA CAP RATE 8.5%+ & 8.82x GRM.
- Strong submarket with high market rents and demand!
- 1 Unit Deliverable Vacant for Immediate Turnover!
- Opportunity Zone (OZ) investment!
- Perfectly adjacent to Koreatown, Hollywood, Larchmont Village, Silver Lake, and Echo Park.
Property Facts
| No. Units | 10 | Building Size | 7,815 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,815 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | $150.00 | 100 - 200 |
Property Taxes
| Parcel Number | 5540-021-001 | Improvements Assessment | $690,000 |
| Land Assessment | $1,610,000 | Total Assessment | $2,300,000 |
Property Taxes
Parcel Number
5540-021-001
Land Assessment
$1,610,000
Improvements Assessment
$690,000
Total Assessment
$2,300,000
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