Located in the heart of Korea Town this Charming 5 -unit Commercial complex features a great mix of residential properties amongst three separate structures on a High Density R-4-1 Zone with Upside potential . Four Bungalow style homes approximately 450 sq ft each and a Large 2 bedroom 1 bath Craftsman house at rear boasting approximately 1128sq ft of living space . Amenities include a large basement at rear that owner uses as a rumpus room and work shed , plenty of common area for tenants and low maintenance on landscaping . These units are Fully occupied providing immediate rental income for the savvy investor . Property boast a competitive cap rate of 5.5% reflecting a strong income potential and investment viability in a rapidly growing neighborhood. Half a block south of Olympic blvd. within walking distance of Hannam chain market , Berendo Highschool and public transportation just to name a few
Property Details
Price:
$1,199,999
MLS #:
MB25170536
Status:
Active
Baths:
0
Address:
1050 S Berendo Street
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
kreakoreatown
City:
Los Angeles
Listed Date:
Jul 26, 2025
State:
CA
ZIP:
90006
Year Built:
1895
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Laundry Features
Individual Room, Inside
Exterior
Construction Materials
Wood Siding
Parking Spots
0.00
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Gated Community
Financial
Map
Contact Us
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1050 S Berendo Street
Los Angeles, CA
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