210 N Berendo St

Los Angeles, CA 90004

The subject property is a 1,635 SF home on a flat 7,499 SF lot.

Sales Price $1,625,000

Beds

0

Baths

0

Lot Size

7502 Sq. Ft.

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The subject property is a 1,635 SF home on a flat 7,499 SF lot.

The zoning is LAR3 - Tier 3 TOC. Located just 0.2 Miles away from the Metro Red Line Station at Beverly and Vermont, tenants can benefit from the great location and numerous eateries nearby. The ownership has conceptual and architectural plans to build 19units. Ofthe 19 proposed units (17 units plus 2 ADU's), ten are to be 2 bedroom / 2 bathroom units and nine are tobe 1 bedroom / 1 bathroom units. Alternatively take advantage ofthe ED-1 eligibility and build 21 low income housing units (17 units plus 4 ADU's) with no parking required and save considerable amount of time and construction costs.A savvy investor can also take advantage of the Red Line, focus on an Affordable Housing Project and forgo all parking requirements for the highest and best use of this land and potentially build 21 units. Property currently has a Family Child Care tenant that is paying $5,407.50 per month ($64,890 year) and the term is set to expire at the end of March 2025. Benefit from the income producing tenant while going forward with the planning and development process. As a result of the neighborhood's charm and desirability, there is robust demand for housing and long-term rent growth. The asset's location along with the development incentives are an excellent acquisition for a developer or long term investor.

This home located at 210 N Berendo St is currently active and has been available on pardeeproperties.com for 47 days. This property is listed at $1,625,000. It has 0 beds and 0 bathrooms. 210 N Berendo St is in the Mid-Wilshire community of Los Angeles County.

Quick Facts

  • 47 days on market
  • Total parking spaces Car
  • Community | Mid-Wilshire
  • MLS# | 24-373577

Features

  • Has View
  • City, Hills Views
Connect with an agent
(4)

Colleen Buerge

Partner | DRE #01875348

Listed By Meir Frydman · KW Advisors

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