1050 S Berendo ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90006
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID MB25170536
HOA Y/N No
Year Built 1895
Lot Size 5,906 Sqft
Property Sub-Type Multi Family
Property Description
Located in the heart of Korea Town this Charming 5 -unit Commercial complex features a great mix of residential properties amongst three separate structures on a High Density R-4-1 Zone with Upside potential . Four Bungalow style homes approximately 441 sq ft each and a Large 2 bedroom 1 bath Craftsman house at rear boasting approximately 1030 sq ft of living space . Amenities include a large basement at rear that owner uses as a rumpus room and work shed , plenty of common area for tenants and low maintenance on landscaping . These units are Fully occupied providing immediate rental income for the savvy investor . Property boast a competitive cap rate of 4.98% reflecting a strong income potential and investment viability in a rapidly growing neighborhood. Half a block south of Olympic blvd. within walking distance of Hannam chain market , Berendo Highschool and public transportation just to name a few
Location
State CA
County Los Angeles
Area Krea - Koreatown
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Inside,Laundry Room
Exterior
Fence Average Condition
Community Features Gated
Utilities Available Sewer Connected,Water Available
Roof Type Composition
Building
Lot Description Near Public Transit
Story 1
Water Public
Others
Tax ID 5078011013
Security Features Carbon Monoxide Detector(s),Gated Community
Special Listing Condition Standard
Virtual Tour https://www.wellcomemat.com/mls/596u72bdbad11m9gm