624 S Berendo St | Los Angeles, CA 90005
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- LoopNet Team
624 S Berendo St
Los Angeles, CA 90005
Mid-Wilshire Plaza Apartments · Multifamily Property For Sale · 39 Units
Investment Highlights
- Legacy Asset, First Time on the Market in Over 30 Years
- Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment
- Possible Opportunity to Legalize Two Non-Confirming Units Through the State's Favorable Attached ADU Program (Buyer to Verify)
- Three Year, Interest-Only Seller Financing is Available to Qualified Investors
- True Value-Add Opportunity, Approximately 95 Percent Rental Upside Through Interior and Exterior Renovations
- Street Parking, Adjacent Parking Lots not Included
PROPERTY FACTS
| No. Units | 39 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 34,402 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid Rise | Year Built | 1927 |
| Building Class | C |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 34,402 SF |
| No. Stories | 5 |
| Year Built | 1927 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 306 - 408 |
| 1+1 | 26 | - | 660 |
| 2+2 | 1 | - | 1,500 |
PROPERTY TAXES
| Parcel Number | 5502-026-012 | Improvements Assessment | $1,695,000 |
| Land Assessment | $3,300,000 | Total Assessment | $4,995,000 |
PROPERTY TAXES
Parcel Number
5502-026-012
Land Assessment
$3,300,000
Improvements Assessment
$1,695,000
Total Assessment
$4,995,000
zoning
| Zoning Code | LAR5P |
| LAR5P |
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