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700 S Berendo St
Los Angeles, CA 90005
The Vue Apartments · Multifamily Property For Sale
·
27 Units
Investment Highlights
- Built in 1989, not subject to LA Rent Control. Prime Koreatown location
- 4% cash on cash return at closing; 7.3% cash on cash with ren
- Assumable loan of $5,500,000 at 3.25% fixed until 8/1/26, payable interest only until 8/1/23, due 8/1/2051
- Significant (20%) upside in rents that can be raised up to 10%/year
- 14.1 x Gross & 4.4% cap with existing rents. 11.7 x Gross & 5.7% cap with rents at market
Property Facts
| No. Units | 27 | Building Size | 19,370 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1989 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | LAR4 - Multiple Dwelling | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 19,370 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1989 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | LAR4 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Stainless Steel Appliances
- Range
Site Amenities
- Laundry Facilities
- Gated
- Recycling
- Community-Wide WiFi
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | $1,864 | 1 |
| 2+2 | 7 | $2,462 | 1 |
| 1+1.5 | 1 | $2,000 | 1 |
Property Taxes
| Parcel Number | 5094-010-019 | Improvements Assessment | $2,001,076 |
| Land Assessment | $4,669,184 | Total Assessment | $6,670,260 |
Property Taxes
Parcel Number
5094-010-019
Land Assessment
$4,669,184
Improvements Assessment
$2,001,076
Total Assessment
$6,670,260
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