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810 Berendo Street, Los Angeles, CA 90005
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810 Berendo Street
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  • MLS#: AR25009993 ( Multi Family )
  • Street Address: 810 Berendo Street
  • Viewed: 10
  • Price: $5,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1991
  • Bldg sqft: 0
  • Days On Market: 70
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90005
  • Provided by: REGA Management
  • Contact: Meilin Meilin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    DO NOT walk on the property or disrupt tenants. Contact Listing Agent for property showing instructions. Well maintained three story, 17 units apartment complex located in prime and highly desirable Korea Town. It built in 1991 and has the AB 1482 Designation, allowing annual rent increases of 5%, plus the CPI, in 2024. The property consists 14 units of 2 BR/2 BA and 3 units of 1 BR/1 BA, is situated in a highly desired rental market strong investor and tenant demand. Gated entrances, 2 levels of parking and elevator to all floors. Convenient for work and entertainment; just 2 blocks from Wilshire Blvd. and 5 minutes to Wilshire / Western Metro Station. Convenient access to FWY 10, 101 and 110. Easy access and walking distance to major markets, restaurants, banks, schools, healthcare facilities, and other business. All units have central air and heat, and have separate gas and electric meters. The monthly gross income is approximately $30K; the on site laundry room generates additional income. This property offers excellent potential for long term income and appreciation
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Features
Building Area Total
  1. 12747.00
Commoninterest
  1. Community Apartment
Country
  1. US
Expense Year
  1. 2024
Insurance Expense
  1. 14000.00
Laundry Features
  1. Common Area
  2. Community
Netoperatingincome
  1. 302865.00
Parcel Number
  1. 5094013020
Property Type
  1. Multi Family
Totalexpenses
  1. 87135.00
Totalmonthlyrent
  1. 32500
Trash Expense
  1. 6780.00
Views
  1. 10
Water Source
  1. Public
Year Built
  1. 1991