810 S Berendo Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90005
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 12,747 sqft
Price per Sqft $415
MLS Listing ID CRAR25009993
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1991
Lot Size 7,252 Sqft
Property Sub-Type Comm Ind For Sale
Property Description
DO NOT walk on the property or disrupt tenants. Contact Listing Agent for property showing instructions. Well-maintained three-story, 17 units apartment complex located in prime and highly desirable Korea Town. It built in 1991 and has the AB 1482 Designation, allowing annual rent increases of 5%, plus the CPI, in 2024. The property consists 14 units of 2 BR/2 BA and 3 units of 1 BR/1 BA, is situated in a highly desired rental market strong investor and tenant demand. Gated entrances, 2 levels of parking and elevator to all floors. Convenient for work and entertainment; just 2 blocks from Wilshire Blvd. and 5 minutes to Wilshire / Western Metro Station. Convenient access to FWY 10, 101 and 110. Easy access and walking distance to major markets, restaurants, banks, schools, healthcare facilities, and other business. All units have central air and heat, and have separate gas and electric meters. The monthly gross income is approximately $30K; the on-site laundry room generates additional income. This property offers excellent potential for long-term income and appreciation
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public