4339 Berryman Ave
Los Angeles, CA 90066
Land For Sale · 0.52 AC

Marcus & Millichap is pleased to present the opportunity to acquire 4339 Berryman Avenue, an LAR3-1 zoned property with a 22,865 square foot lot. The land currently has nine (9) units on it consisting of eight (8) One Bedroom/One Bathroom units and One (1) Three Bedroom/Two Bathroom unit. The Three Bedroom unit is currently vacant and the other eight units are occupied with low rents. This multifamily redevelopment will be subject to the rent control stabilization ordinance. Built in 1940 with extremely low rents, this property represents a unique opportunity to acquire a development project in a prime area of West Los Angeles with strong economic growth and a high barrier to entry. 4339 Berryman Ave is situated between Culver and Washington Blvd in the Mar Vista/Culver Garden pocket of West Los Angeles. This incredible location is just a short drive away from Venice Beach, Santa Monica, Marina Del Rey, and downtown Culver City. The property is also a highly desireable location of housing for the recent influx of professionals working in close by Silicon Beach. The property is currently being offered in its current condition, allowing the buyer/developer to generate income while they plan their ground up development. ***Buyer to do own research regarding development potential.