29
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$5,300,000
Est. payment /mo
7,252 Sqft Lot
Active
810 S Berendo ST Los Angeles, CA 90005
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25026400
HOA Y/N No
Year Built 1991
Lot Size 7,252 Sqft
Property Sub-Type Apartment
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.
PLEASE TEXT AGENT: MARIAN WONG 626-497-2353 OR 626-263-0882
SEND OFFERS TO: marianwong.realty@gmail.com. >
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.
PLEASE TEXT AGENT: MARIAN WONG 626-497-2353 OR 626-263-0882
SEND OFFERS TO: marianwong.realty@gmail.com. >
Location
State CA
County Los Angeles
Area Krea - Koreatown
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned, Controlled Entrance, Covered
Garage Spaces 26.0
Garage Description 26.0
Pool None
Community Features Sidewalks
Total Parking Spaces 26
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5094013020
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Meilin Wong • REGA Management • 626-497-2353