1184 N Berendo St Los Angeles, CA 90029

• April, 2024

• Apr 3, 2024

  Date

  Canceled

  CRMLS: PW24041804

  $2,950,000

  Price

• Feb 29, 2024

  Date

  Active

  CRMLS: PW24041804

  $2,950,000

  Price

• Listing provided courtesy of CRMLS

  Investment Opportunity: 10-Unit Apartment Complex near Hollywood Walk of Fame Discover a prime investment opportunity in the heart of Los Angeles, California, just moments away from the iconic Hollywood Walk of Fame. This 10-unit apartment complex offers a blend of urban convenience and potential for growth in one of the city's most coveted neighborhoods. Property Highlights: Ideal Location: Situated near the world-famous Hollywood Walk of Fame, residents enjoy easy access to renowned entertainment venues, trendy restaurants, and vibrant nightlife. Diverse Unit Mix: Consisting of 8 spacious 1-bedroom, 1-bathroom units and 2 generously sized 2-bedroom, 2-bathroom units, this complex caters to a variety of tenants seeking the ultimate Los Angeles lifestyle. Cosmetic Rehab Opportunity: While the property boasts immense potential, it would benefit from a cosmetic rehab to enhance its appeal and maximize rental income. With deferred maintenance, this presents an opportunity for investors to add value and elevate the property's overall attractiveness. Income Potential: Despite its current condition, this property offers significant income potential in a high-demand rental market, making it an attractive investment opportunity for savvy investors. 8 Assigned Parking Spaces: The property includes 8 assigned parking spaces, ensuring convenience and ease of access for residents. Community Atmosphere: The complex fosters a sense of community with its well-maintained grounds and common areas, perfect for residents to socialize and unwind. Location: Located in the heart of Los Angeles, this property offers proximity to major transportation routes, allowing residents to easily explore the city's diverse attractions and cultural landmarks. From upscale shopping to outdoor recreation, everything you need is within reach. Investment Potential: With its prime location near the Hollywood Walk of Fame, ample parking, and potential for cosmetic rehabilitation, this 10-unit apartment complex presents a unique opportunity for investors to capitalize on the thriving Los Angeles rental market. Don't miss out on the chance to own a piece of this dynamic neighborhood and unlock its full potential. Schedule a viewing today to envision the possibilities and secure your investment in this promising property. Contact us now to learn more and to schedule your private tour.

  Continue Reading

• February, 2024

• Feb 29, 2024

  Date

  Canceled

  CRMLS: AR23129736

  $2,400,000

  Price

• Jul 14, 2023

  Date

  Active

  CRMLS: AR23129736

  $2,800,000

  Price

• Listing provided courtesy of CRMLS

  Proudly presents 1184 N Berendo St, a PRIME Value-Add Investment opportunity just two blocks from Sunset Blvd. Offering a HIGH Proforma CAP rate of 8.5%+, investors have an excellent opportunity to acquire an undervalued 10-Unit Apartment Building with one vacancy! Being at the Heart of East Hollywood, it is centrally located in the highly desirable opportunity zone and just minutes away from Larchmont Village, Hollywood, Koreatown, Silverlake & Downtown Los Angeles. Built-in 1958, the building of 10 exceptional units totaling 7,864 SF of living area on a sizeable 7,815 SF lot. All while offering a unique & strong unit mix of (8) 1B+1B, (1) 2B+1B, and (1) 2B+2B to ensure strong rents & consistent cash flow for the owner. The Property also offers nine parking spaces in a highly condensed area with little to no parking nearby, making it stand out and highly desirable for prospective tenants. The buildings also offer laundry hook-ups to create a community laundry room & increase the cash flow of the property for the next owner. Being individually metered for Gas & Electrical, the owner only covers items such as Water, Trash & Maintenance. Close to Sunset Blvd & Vermont Ave, located within 5-8 Minutes away from Koreatown, Central Los Angeles, The Larchmont Village, Melrose Hill, Hollywood, Historic Filipino Town, Angelino Heights, Echo Park, and Silver Lake. 1184 N Berendo St is in perfect adjacency to many of Los Angeles's trendiest boutique restaurants, coffee shops, and upscale balls. While Its location provides easy access to many of the city’s largest & strongest employers and major retailers. Some employers include Netflix, Paramount Studios, Sunset Gower, LACMA, Los Angeles City College, American Career College, Koreatown Plaza, Kaiser Sunset, and The Los Angeles Children's Hospital. Some major retailers include Ralphs, Vons, Starbucks, Mcdonald's, California Donuts, Rite Aid, and many more. All these great amenities while providing excellent access to the 101 and 110 Freeway, 15 minutes away from L.A Live Crypto Arena (Home of the Lakers and LA Kings), and Walt Disney Concert Hall (Home of the LA Phil). It is ideally located at the heart of East Hollywood. Its locations & amenities locate in one of the strongest submarkets of Los Angeles, California.

  Continue Reading

• August, 2023

• Aug 7, 2023

  Date

  Canceled

  CRMLS: CV23080584

  $2,400

  Price

• May 10, 2023

  Date

  Active

  CRMLS: CV23080584

  $2,400

  Price

• Listing provided courtesy of CRMLS

• July, 2023

• Jul 13, 2023

  Date

  Canceled

  CRMLS: CV23066635

  $3,250,000

  Price

• Apr 21, 2023

  Date

  Active

  CRMLS: CV23066635

  $3,250,000

  Price

• Listing provided courtesy of CRMLS

  This is a rare investment opportunity to manage a 10-unit apartment complex with full occupancy and value-add potential. 1184 N. Berendo Street is walking distance to Children's Hospital of Los Angeles, Hollywood Presbyterian Hospital, Kaiser, Barnsdall Art Park, Metro station, and plenty of shopping centers and restaurants. Right next to the 101 fwy, a few miles from Hollywood, Koreatown, Downtown Los Angeles, Silver lake, and so much more. Conveniently located in a quiet residential area of East Hollywood, a population of 9,905,500, and people with a median household income of $74,000. EXECUTIVE SUMMARY A multi-family apartment complex in the heart of East Hollywood. A unique multi-family offering comprises of a family-managed apartment buildings with ten units that can be for an investor to oversee or an owner to occupy and lease out. Encompassing 10 fully occupied units with a mix of two-bed/one-bath and one-bed/one-bath units, with ample land for a parking space for each unit, with room to make additional spaces to can be utilized as guest parking. The property is in a dense residential area of East Hollywood, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Hancock Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Sunset Boulevard. Also has hassle-free connectivity reaching Interstate 101 less than a mile. Well maintained, with incredible accessibility, This property is primed to offer an ideal investment opportunity to own a multi-family asset.

  Continue Reading

• May, 2020

• May 28, 2020

  Date

  Sold (Public Records)

  Public Records

  --

  Price

Show More