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146 N Berendo St - Berendo Development

0.17 Acres of Residential Land Offered at $1,375,000 in Los Angeles, CA 90004

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Investment Highlights

Prime K-town Development
Opportunity Zone
ED1 Eligible potential to build 57 units

Demolished - Vacant Land
Zone R3-1 Tier 3 TOC

Executive Summary

**100K Price adjustment** Kevin Daniali and Dario Svidler of Partners CRE are pleased to present the
sale of a prime development opportunity in Koreatown at 146 N Berendo St,
Los Angeles, CA 90004. This vacant 7500 SF land, previously a single-family
house, is zoned R3-1, Tier 3 TOC, located within an Opportunity Zone, is
eligible for an designation to construct around 57 units.
The seller has secured entitlements for a 15-unit development with
subterranean parking but a savvy investor will likely redesign the project
into a higher density design. Berendo is walking distance to pretty much
all, including the Metro Subway Station waiting for the westward expansion
to Westwood, or take the Subway to Hollywood, Downtown, or connect to
practically anywhere in the Greater Los Angeles area!

OM_146 Berendo _061724

Property Facts

Price	$1,375,000	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Conditions	Build to Suit Redevelopment Project	Total Lot Size	0.17 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,375,000
Sale Type	Investment
Sale Conditions	Build to Suit Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	0.17 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot 87

Price	$1,375,000	Lot Size	0.17 AC
Price Per AC	$7,983,881

Price	$1,375,000
Price Per AC	$7,983,881
Lot Size	0.17 AC

7500 SF vacant land, zoned R3-1, Tier 3 TOC, located within an Opportunity Zone, Eligible for ED1 designation to construct up to 65 units.

Description

Kevin Daniali and Dario Svidler of Partners CRE are pleased to present the sale of a prime development opportunity in Koreatown at 146 N Berendo St, Los Angeles, CA 90004. This vacant 7500 SF land, previously a single-family house, is zoned R3-1, Tier 3 TOC, located within an Opportunity Zone, is eligible for an designation to construct around 65 units. The seller has secured entitlements for a 15-unit development with subterranean parking but a savvy investor will likely redesign the project into a higher density design. Berendo is walking distance to pretty much all, including the Metro Subway Station waiting for the westward expansion to Westwood, or take the Subway to Hollywood, Downtown, or connect to practically anywhere in the Greater Los Angeles area!

1 of 1

Walk Score ®

Walker's Paradise (91)

Transit Score ®

Excellent Transit (71)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

zoning

Zoning Code	R3-1 (Zoned R3-1, Tier 3 TOC, located within an Opportunity Zone, Eligible for ED1 designation to construct up to 65 units.)
R3-1 (Zoned R3-1, Tier 3 TOC, located within an Opportunity Zone, Eligible for ED1 designation to construct up to 65 units.)