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1116 S Berendo Street , #1

Los Angeles (City), CA 90006
  • $1,500,000
  • STATUS: Active
  • ON SITE: 137 Days
  • ID#: 24409371
$1,500,000
  • 8
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,990
    SQFT
  • $376
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Kye Han of New Star Realty (213-385-4989)


Description

***INVESTOR/DEVELOPER***This is the lowest priced property in the area for 6 units with lots of potential for a huge value add. Prime Opportunity in Koreatown, There is a significant upside in the current rents offering the new owner the ability to also remodel and make this a great cash flowing investment. this property boasts an excellent unit mix featuring (2) 2-bed/1-bath and (4) 1-bed/1-bath units. "this property is to be sold in as-is condition"

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-13T00:28:33.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/152151721
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1116 S Berendo Street , #1 Los Angeles (City), CA 90006

  • Price: $1,500,000
  • Status: Active
  • On Site: 137 Days
  • ID#: 24409371
8
Beds
0
Baths
0
½ Baths
0.14
Acres
3,990
SQFT
$376
$/SQFT
1959
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
***INVESTOR/DEVELOPER***This is the lowest priced property in the area for 6 units with lots of potential for a huge value add. Prime Opportunity in Koreatown, There is a significant upside in the current rents offering the new owner the ability to also remodel and make this a great cash flowing investment. this property boasts an excellent unit mix featuring (2) 2-bed/1-bath and (4) 1-bed/1-bath units. "this property is to be sold in as-is condition"
Exterior Features

Parking Features Assigned Parking Total 6

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Buyer Financing Cash Cap Rate 6.3 Gross Income 134400 Land Lease YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 94080 New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Zoning LAR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-13T00:28:33.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Kye Han of New Star Realty (213-385-4989)