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$2,600,000
Est. payment /mo
7,815 Sqft Lot
UPDATED:
01/22/2025 06:46 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR24248488
Originating Board California Regional MLS
Year Built 1958
Lot Size 7,815 Sqft
Property Description
PRICE IMOPROVEMENT!!! SELLER MOTIVATED TO SELL! Prime Corner Lot Investment Opportunity - 1184 N Berendo Street, Los Angeles. Exceptional 10-unit apartment building in East Hollywood, just two blocks from Sunset Blvd. With a proforma CAP rate of 8.5%+, this value-add opportunity features 7,864 SF of living space on a 7,815 SF corner lot. The unit mix includes (8) 1B+1B, (1) 2B+1B, and (1) 2B+2B, with one vacancy and nine parking spaces. Centrally located near Larchmont Village, Koreatown, and Downtown LA, this property benefits from its proximity to top employers (Netflix, Kaiser, Paramount) and major retailers (Ralphs, Starbucks). Easy freeway access and strong rental demand make it a standout investment in a highly desirable area. SELLER WILL LISTEN TO ALL REASONABLE OFFERS!
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Laundry None
Exterior
Garage Spaces 9.0
Pool 31, None
Building
Water District - Public
Others
Tax ID 5540021001
Special Listing Condition Not Applicable
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Listed by May Arroyo • Premier Properties Realty Prof