860 S Berendo Street

    Los Angeles (City), CA 90005
    • $2,150,000
    • STATUS: Active
    • ON SITE: 195 days
    • ID#: 18340424
    UPDATED: 58 min ago
    $2,150,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,905
      SQFT
    • $364
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Highly demand Mid-wilshire/KoreaTown 3 portfolio properties, we are proud to present 860 S. Berendo St along with 206 S. Kenmore Ave and 236 S Kenmore Ave. Each property can be sold separately. This property is Developers Dream R4 zone and situated in the CORNER OF JAMES M WOOD/BERENDO. Even though current owner constantly has been upgraded the condition of the properties, this property is ideal for redevelopment project and all 3 properties are in tier 3. The subject property is able to DEVELOP to 32 dwelling units. The building is separately metered for electric and gas with each unit own laundry room. The property will be sold "as is" and "where is"condition. All Buyers should verify with the City for permits and its relevant information.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T11:30:53.543. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/83216467

    860 S Berendo Street Los Angeles (City), CA 90005

    • Price: $2,150,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 18340424
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,905
    SQFT
    $364
    $/SQFT
    1921
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    Highly demand Mid-wilshire/KoreaTown 3 portfolio properties, we are proud to present 860 S. Berendo St along with 206 S. Kenmore Ave and 236 S Kenmore Ave. Each property can be sold separately. This property is Developers Dream R4 zone and situated in the CORNER OF JAMES M WOOD/BERENDO. Even though current owner constantly has been upgraded the condition of the properties, this property is ideal for redevelopment project and all 3 properties are in tier 3. The subject property is able to DEVELOP to 32 dwelling units. The building is separately metered for electric and gas with each unit own laundry room. The property will be sold "as is" and "where is"condition. All Buyers should verify with the City for permits and its relevant information.
    Exterior Features

    Lot Size Units Square Feet Parking Features Driveway - Pavers Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Gross Multiplier 23.00 Gross Operating Income 7800.00 Improvements Amount 359122 Land Value 897808 Laundry YN No Net Operating Income 4600.00 Special Listing Conditions Standard Total Expenses 3200.00 Zoning Lar4

    Listing provided courtesy of Daniel Kim of Masters Realty Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T11:30:53.543. 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. Licensed in the State of California, USA.
     
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    Irvine CA, 92604