1050 S Berendo Street, Los Angeles, CA 90006

0 beds 0 baths 5,906 sq.ft.

Offerered at: $1,200,000.00

County: Los Angeles
Year Built: 1895
Association Fees: $0.00/mo.

Property Description

Located in the heart of Korea Town this Charming 5 -unit Commercial complex features a great mix of residential properties amongst three separate structures on a High Density R-4-1 Zone with Upside potential . Four Bungalow style homes approximately 441 sq ft each and a Large 2 bedroom 1 bath Craftsman house at rear boasting approximately 1030 sq ft of living space . Amenities include a large basement at rear that owner uses as a rumpus room and work shed , plenty of common area for tenants and low maintenance on landscaping . These units are Fully occupied providing immediate rental income for the savvy investor . Property boast a competitive cap rate of 4.98% reflecting a strong income potential and investment viability in a rapidly growing neighborhood. Half a block south of Olympic blvd. within walking distance of Hannam chain market , Berendo Highschool and public transportation just to name a few

ESSENTIAL INFO

  • Status: Active
  • Architecture: Bungalow,Craftsman