724 S Berendo Street

    Los Angeles (City), CA 90005
    • $5,500,000
    • STATUS: Active Under Contract
    • ON SITE: 52 days
    • ID#: 18398016
    Under Contract
    UPDATED: 151 min ago
    $5,500,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,250
      SQFT
    • $386
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1992
    County:

    School Ratings & Info

    Description

    Attention investors. Newer apartment complex in the highly desirable Koreatown area with good upside potential. The subject property improvements consist of a three-story (over parking) elevator-style apartment complex which contains 18-units and was constructed in 1992. The subject's unit mix is comprised of 3 studio, 6 one bedroom and 9 two bedroom units. Project amenities consist of a laundry room, controlled access and 19 onsite parking spaces.

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    Based on information from CARETS as of 2018-12-09T23:45:51.397. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/88672958

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

    • Price: $5,500,000
    • Status: Active Under Contract
    • Updated: 151 min ago
    • ID#: 18398016
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    14,250
    SQFT
    $386
    $/SQFT
    1992
    Built
    Neighborhood:
    Mid-Wilshire (C17)
    County:
    Los Angeles
    Area:
    Mid-Wilshire (C17)
    Property Description
    Attention investors. Newer apartment complex in the highly desirable Koreatown area with good upside potential. The subject property improvements consist of a three-story (over parking) elevator-style apartment complex which contains 18-units and was constructed in 1992. The subject's unit mix is comprised of 3 studio, 6 one bedroom and 9 two bedroom units. Project amenities consist of a laundry room, controlled access and 19 onsite parking spaces.
    Exterior Features

    Parking Spaces Total 19 Parking Type Community Garage

    Interior Features

    Cooling Type Central A/C Heating Type Central Furnace Interior Features Other Total Floors 4 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 2.0 Unit Number Of Bath04 1.0 Unit Number Of Bed01 0 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 2

    Property Features

    Adjusted Gross Income 311451.00 Assessed Improvement Value 636623.00 Assessed Land Value 2970912.00 Country United States Of America Expense Total Annual 145403.00 Gross Operating Income 311451.00 Gross Rent Multiplier 17.66 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 166048.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 0.00 Unit Projected Total Monthly Rent01 0.00 Unit Total Monthly Rent01 0.00 Unit Type01 3 Unit Type02 6 Unit Type03 5 Unit Type04 4 Units Total In Complex 18 Zoning Lar4

    Listing provided courtesy of Gavin Fleminger DRE#01240692 of Nourmand & Associates-Bw and Larry Gillis CA DRE# 01780621 of Nourmand & Associates-Bw.


    Based on information from CARETS as of 2018-12-09T23:45:51.397. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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