The Frydman Group of KW Commercial, as the exclusive listing agent, are pleased to present for sale a 2 unit apartment building located at 120-122 North Berendo Street, Los Angeles CA 90004.
The investment opportunity is located in Koreatown. The property is two stories and the building is approximately 2,964 sq ft that is constructed over a 7500 sq ft lot. The building was built in 1922. Both units are approximately 1,482 sq ft and consist of 2 bedrooms and 1 bathroom. The top unit is currently vacant and is ideal for a owner user and or a developer. The property has a three car garage located in the rear of the property and has ample open spaces for more in the back.
An astute investor should view this opportunity as a rare chance to purchase this asset for a number of reasons. The top unit is currently vacant and is ideal for a owner user and or a developer. Lock in on attractive low 30 year fixed financing. Additionally the lot is 7500 sq ft that has a LAR3 zoning with Tier 3 TOC that potentially allows to build up to 15 units on the property. Another direction an investor may choose to take is to add ADU's increasing the overall value of the property.
The property is located on 120-122 North Berendo Street, South of Beverly, North of 1st Street, and West of Vermont. The subject property is within walking distance to local eateries and shopping centers as well as within minutes of the 101 freeway and a short walk to the Vermont Beverly Metro station. The subject property has a walk score rating of 93!
