Los Angeles, CA 90005 743 S Berendo Street
$3,455,000
3 more
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
Home Details
We are pleased to present this 16 unit offering located on Berendo just a block south of Wilshire Blvd in the heart of Koreatown. The property has an excellent unit mix consisting of (1) 2 Bed / 1 Bath,(10) 1 Bed / 1 Bath, (5) Single / 1 Baths. The subject property isa courtyard style building built in 1950 and has been very well maintained with beautiful landscaping, a secure gated entry and parking in the rear. The units are spread out across 9,955 square feet of gross leasable area and sits on a large 11,998 square foot lot that is zoned LAR4.Situated in the heart of Koreatown, 743 S Berendo St benefits from its central location and excellent connectivity. The neighborhood is bordered by major thoroughfares such as Wilshire Boulevard to the north and 8th Street to the south, providing convenient access to other parts of Los Angeles. The nearby 101 and 10 freeways offer quick connections to the rest of the city and beyond. Additionally, public transportation options are abundant, with several bus routes and the Wilshire/Western Metro station nearby, making it easy to navigate the city without a car. The neighborhood is famous for its fantastic dining scene, with numerous Korean BBQ restaurants, trendy cafes, and night life. Call listing agents for Offering Memorandum.
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 743 S Berendo Street
Bedrooms
Total Bedrooms11
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
General for 743 S Berendo Street
Additional Parcels Y/NNo
AppliancesRange, Refrigerator, Dryer, Washer
Architectural StyleMidCenturyModern
Attached Garage No
Cap Rate6.27
Carport Y/NYes
CityLos Angeles
Community FeaturesGated
Construction MaterialsStucco
CoolingWallWindowUnits
CountyLos Angeles
Days on Market90
DirectionsHeading East on Wilshire towards downtown LA, go South on Berendo.
Electric On Property Y/NNo
Facing DirectionEast
Full Baths
Garage Y/NNo
Gross Income335196.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet12001.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income216776.0
New ConstructionNo
NumberOfUnitsTotal16
Occupancy TypeTenant
Open Parking Spaces9.0
Patio/Porch FeaturesNone
Pool FeaturesNone
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, GatedCommunity, SmokeDetectors
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1950
ZoningLAR4
Exterior for 743 S Berendo Street
Building Area Total9955.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions80x150
Lot Size Acres0.2755
Lot Size Area12001.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Carport
SpaNo
Total Parking9.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480