Address
207 S Berendo Street Los Angeles, CA
Price
$ 4,300,000
Property Attributes
  • MLS#SB21151640
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaKoreatown
  • Zip90004
  • Style
  • Price$ 4,300,000
  • Bedrooms4
  • Full Bathrooms24
  • Half Bathrooms0
  • Sqr Footage12080
  • Lot Size9,359 SqFt
Listing Provided Courtesy Of:
Martin Ensbury with Keller Williams Beach Cities - 310-880-0132
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

This is the first time that this very well located 24 unit apartment building has been on the market since the early 1960’s! With billions of new retail/office/hotel and apartment building developments being built within several blocks of this asset, we expect 207 S. Berendo to sell very quickly! The Walk Score for the property is 96, which means that all daily needs are within walking distance. Transit lines are also a very short walk from the property. The property is offered at a very attractive price of $4.3M, which is only $179,167 per unit, and should yield an investor a solid return on their investment. The property was built in 1924. The units are very well laid out. The unit mix consists of 4-1bd/1ba units and 20-studios. The units are separately metered for electricity and master metered for gas and water. There is approximately 40% of rent upside. The roof looks like it is in very good condition. Most of the windows have been replaced. The property has a laundry room in the basement. The water heater looks like it is in very good condition. In general, the property has been well maintained over the years by the long term owner. Pride of ownership shows with this asset! Offering Memorandum included as a Supplement to this listing.

Price History
7/12/2021 Listed $4,300,000

General Features

Co-Listing Agent State License # 02012167
Co-listing Agent Nicholas Ensbury - BRE#02012167
Community Features Urban
Levels Two
Listing Agent Martin Ensbury - BRE#00815392
Listing Agent State License 00815392
Lot Size Square Feet 9359
MLS Area KREA - Koreatown
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Pending
Stories 2
Terms Cash, Cash to New Loan, 1031 Exchange
Total Units 24
Water Sewer Expense 23104
Zoning LAR3

Interior Features

Common Walls 1 Common Wall
Laundry Features Common Area

Exterior Features

Lot Features 21-25 Units/Acre
Lot Size Acres 0.21
Lot Size Area 9359
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 24
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90004

Price
AVG $1.51M
$4.3M
Visits
AVG 60
57
Year Built
AVG 1958
1924
Walkscore
AVG 87
92
Data Provided by Walkscore ® not using MLS data

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