214 N Berendo Street, Los Angeles, CA 90004

About this property

We are proud to exclusively present for sale a Redevelopment Opportunity in the Koreatown! Among the most in-demand neighborhoods for people and right in the middle of everything, this property can benefit tremendously from it's proximity to the Metro Red Line Station at Beverly and Vermont, 0.2 Miles away. The Sellers have submitted for a 35 Unit Project on this double-lot with 100 feet of frontage, but a Buyer could utilize AB2345 and AB1763 to maximize the units to be built, as the only restriction would be FAR Take advantage of the Red Line, focus on an Affordable Housing Project and forgo all parking requirements for the highest and best use of this land! Your tenants will be able to rely on human locomotion or the Red Line for any and all needs that may present themselves. Surrounded by nightlife, restaurants, shopping and more, this property is central to all! The existing SFR and Duplex will be delivered vacant! This property is located in a Qualified Opportunity Zone! Transaction includes 2 APNs: 5518-026-007 & 5518-026-008.

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$2,730,000

Sold July 2023 · listed $2,700,000, on market May 2023 · MLS #23269158 · Source: CRMLS

Listing Agent: Dario Svidler · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Dario Svidler · Keller Williams Beverly Hills

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