14-Bedroom Residential Income — 927 S Berendo Street, Los Angeles, CA

About this property

See OM in DOCS section. We are pleased to present the opportunity to acquire 927 S Berendo St., a seven-unit multifamily investment property located in the Koreatown neighborhood of Los Angeles. Built in 1987,the 5,294 square foot building sits on a 7,748 square-foot lot and is comprised entirely of two-bedroom, one-bath units. Two of the seven units are vacant and available to lease at market today. Because the building was constructed in 1987, the property is exempt from the Los Angeles Rent Stabilization Ordinance and is governed instead by the statewide cap under AB 1482. UNIT DETAILS Unit features include large bedrooms, large full bathrooms, large kitchens, separate spacious living room areas andample closet and storage space. The units have seen various updates to kitchens, bathrooms and flooring over time. Due to ample available space, investors can explore the possibility of adding washer/dryers in each unit. COMMON AREA DETAILS The property is a garden-style walk up with exterior access to each unit. There is a laundry room on site that contains a washer and dryer for tenant use. All units are separately metered for electricity and gas and have their own individual water heaters and the landlord pays for water and trash. Parking is included with nine total spaces, comprised of one tandem space in the front, two side-by-side spaces in a rear tuck-under area and 5 side-by-side spaces in a rear freestanding carport. The main electrical and subpanels are all Siemens brand. ADU OPPORTUNITIES The property contains both a large tuck-under parking area in the rear of the main building and a freestanding carport area. Buyers may want to explore the opportunity add ADUs in these area.

Property details

Location

927 S Berendo Street • Los Angeles, CA 90006

More homes for sale and rent in Los Angeles, CA →

Listed by

Josh Kaplan · Equity Union

Nearby listings in Los Angeles, CA

• 1427 W 90th Place, Los Angeles, CA · $600,000
• 1925 Waterloo, Los Angeles, CA · $1,750,000
• 9019 Noble Avenue, Los Angeles, CA · $1,799,000
• 4755 Templeton St 2215, Los Angeles, CA · $699,000
• 1411 Albany Street, Los Angeles, CA · $1,099,000
• 23520 Western, Los Angeles, CA · $499,950
• 256 S La Fayette Park, Los Angeles, CA · $395,000
• 2594 Amherst Ave, Los Angeles, CA · $2,250/mo
• 833 N Spaulding Avenue, Los Angeles, CA · $19,500/mo
• 3500 Wrightwood Drive, Los Angeles, CA · $2,200,000
• 11139 Hortense Street, Los Angeles, CA · $1,350,000
• 5114 La Calandria, Los Angeles, CA · $799,000

See all homes in Los Angeles, CA