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$ 1,800,000
Est. payment | /mo
14 Beds
7 Baths
5,294 SqFt
$ 1,800,000
Est. payment | /mo
14 Beds
7 Baths
5,294 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,294 sqft
Price per Sqft $340
MLS Listing ID 26990373
Bedrooms 14
HOA Y/N No
Year Built 1987
Lot Size 7,749 Sqft
Property Description
See OM in DOCS section. We are pleased to present the opportunity to acquire 927 S Berendo St., a seven-unit multifamily investment property located in the Koreatown neighborhood of Los Angeles. Built in 1987,the 5,294 square foot building sits on a 7,748 square-foot lot and is comprised entirely of two-bedroom, one-bath units. Two of the seven units are vacant and available to lease at market today. Because the building was constructed in 1987, the property is exempt from the Los Angeles Rent Stabilization Ordinance and is governed instead by the statewide cap under AB 1482. UNIT DETAILS Unit features include large bedrooms, large full bathrooms, large kitchens, separate spacious living room areas andample closet and storage space. The units have seen various updates to kitchens, bathrooms and flooring over time. Due to ample available space, investors can explore the possibility of adding washer/dryers in each unit. COMMON AREA DETAILS The property is a garden-style walk up with exterior access to each unit. There is a laundry room on site that contains a washer and dryer for tenant use. All units are separately metered for electricity and gas and have their own individual water heaters and the landlord pays for water and trash. Parking is included with nine total spaces, comprised of one tandem space in the front, two side-by-side spaces in a rear tuck-under area and 5 side-by-side spaces in a rear freestanding carport. The main electrical and subpanels are all Siemens brand. ADU OPPORTUNITIES The property contains both a large tuck-under parking area in the rear of the main building and a freestanding carport area. Buyers may want to explore the opportunity add ADUs in these area.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Fireplace No
Exterior
Parking Features Attached Carport, Detached Carport
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5094024008
Special Listing Condition Standard
Listed by Josh Kaplan Equity Union #01934177