DO NOT walk on the property or disrupt tenants.
Contact Listing Agent for property showing instructions. Well-maintained three-story, 17 units apartment complex located in prime and highly desirable Korea Town. It built in 1991 and has the AB 1482 Designation, allowing annual rent increases of 5%, plus the CPI, in 2024. The property consists 14 units of 2 BR/2 BA and 3 units of 1 BR/1 BA, is situated in a highly desired rental market strong investor and tenant demand. Gated entrances, 2 levels of parking and elevator to all floors. Convenient for work and entertainment; just 2 blocks from Wilshire Blvd. and 5 minutes to Wilshire / Western Metro Station. Convenient access to FWY 10, 101 and 110. Easy access and walking distance to major markets, restaurants, banks, schools, healthcare facilities, and other business. All units have central air and heat, and have separate gas and electric meters. The monthly gross income is approximately $30K; the on-site laundry room generates additional income. This property offers excellent potential for long-term income and appreciation
Contact Listing Agent for property showing instructions. Well-maintained three-story, 17 units apartment complex located in prime and highly desirable Korea Town. It built in 1991 and has the AB 1482 Designation, allowing annual rent increases of 5%, plus the CPI, in 2024. The property consists 14 units of 2 BR/2 BA and 3 units of 1 BR/1 BA, is situated in a highly desired rental market strong investor and tenant demand. Gated entrances, 2 levels of parking and elevator to all floors. Convenient for work and entertainment; just 2 blocks from Wilshire Blvd. and 5 minutes to Wilshire / Western Metro Station. Convenient access to FWY 10, 101 and 110. Easy access and walking distance to major markets, restaurants, banks, schools, healthcare facilities, and other business. All units have central air and heat, and have separate gas and electric meters. The monthly gross income is approximately $30K; the on-site laundry room generates additional income. This property offers excellent potential for long-term income and appreciation
Property Details
Price:
$5,300,000
MLS #:
AR25009993
Status:
Active
Baths:
0
Address:
810 S Berendo Street
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
kreakoreatown
City:
Los Angeles
Listed Date:
Jan 1, 2025
State:
CA
ZIP:
90005
Year Built:
1991
Schools
Interior
Exterior
Stories Total
4
Water Source
Public
Financial
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Courtesy of REGA Management. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 810 S Berendo Street
Los Angeles, CA
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