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Cherrie And Zach

[email protected] +1(661) 312-2536

$ 1,650,000

Est. payment -/mo

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120 Berendo ST Los Angeles, CA 90004

7 Beds

4 Baths

2,964 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,964 sqft

Price per Sqft $556

MLS Listing ID 225004370

Bedrooms 7

Full Baths 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1922

Lot Size 7,501 Sqft

Property Description

Fantastic Opportunity! Nicely Remodeled Turn-Key Duplex with a 4 Bed 2 Bath upstairs unit leased for $3,952/M, and downstairs is a 3 Bed 2 Bath unit with a market rent rate of $3,700/M. Nicely remodeled kitchens and Bathrooms and newer flooring through out. Mini-Splits AC Units are efficient and home features dual pane windows, and each unit has its own balcony. Gated with motorized gate. Includes plenty of off-street parking, 6 spaces plus a detached 3 car garage. Cash flowing property with R3 Zoning and in LA's TOC, and with the right strategy, investors can achieve a CAP Rate of 6.12%+ as soon as this December, ask the Listing Broker for details. This property is located just south of Trendy SilverLake, without the SilverLake prices with Gentrification well under way with many similar properties on the same block being redeveloped into multi story apartments. This R3 property is withing LAs TOC which has relaxed parking requirements due to close transit availability and building 50+ units could be a possibility. (Confirm with LA Building & Safety). Would also make for a great property live in one unit and cash flow the other. Downstairs is leased below market, but lease expires this December. Act now, properties in this condition do not last long and units rent very quickly in this area, close to everything! Oh, and don't forget the Olympics are coming!

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Flooring Laminate

Fireplaces Type Decorative, Living Room

Inclusions Washer and Dryers in both units.

Fireplace Yes

Appliance Dishwasher, Gas Water Heater, Water Heater

Exterior

Parking Features Concrete, Garage

Garage Spaces 3.0

Garage Description 3.0

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Lot Description Paved, Rectangular Lot

Story 2

Entry Level Two

Level or Stories Two

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5518027007

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Notice Of Default

Listed by Brent Hawker Brent Andrew Hawker Broker

Cherrie And Zach

Broker || Owners | License ID: 01904568

+1(661) 312-2536

Cherrie And Zach

120 Berendo ST Los Angeles, CA 90004

Key Details

Location

Interior

Exterior

Building

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120 Berendo ST