Los Angeles, CA 90006 1050 S Berendo Street
$1,199,999
23 more
Presented By: JOSEPHINE SAN LUCAS with KELLER WILLIAMS LARCHMONT; 562-843-8748
Beds • 2
Baths • 1
SQFT • 2,928
Home Details
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 1,128 sq ft of living space . Amenities include a large basement at rear that owner uses as a rumpus room /Office 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
Presented By: JOSEPHINE SAN LUCAS with KELLER WILLIAMS LARCHMONT; 562-843-8748
Interior Features for 1050 S Berendo Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)Yes
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Interior AmenitiesCeramicCounters, Workshop
Laundry FeaturesInside
Total Stories1
Other Rooms
Entry Level1
General for 1050 S Berendo Street
Additional Parcels Y/NNo
AppliancesGasOven, GasRange
Architectural StyleBungalow, Craftsman
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.5
Carport Spaces0.0
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights, Urban
Construction MaterialsWoodSiding
CoolingWholeHouseFan, WallWindowUnits
CountyLos Angeles
Current FinancingNone
DirectionsW. of Olympic blvd and s. Berendo
DisclosuresPrincipalIsRealEstateLicensed
ElectricStandard
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income94260.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense5000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsSubmit
Lot Size Square Feet5906.0
Lot Size UnitsSquareFeet
MLS AreaKREA - Koreatown
Maintenance Expense2040.0
MobileHomeRemainsYNNo
Net Operating Income65974.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Open Parking Spaces0.0
Operating Expense23573.0
Other StructuresWorkshop
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot15
Taxes$15,000
Tenant PaysElectricity, Gas, TrashCollection
Total Actual Rent7855.0
Trash Expense0.0
UtilitiesSewerAvailable, SewerConnected, WaterAvailable
ViewNone
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense4000.0
Year Built1895
Year Built SourceAssessor
ZoningLAR-4-1
Exterior for 1050 S Berendo Street
Building Area Total2928.0
Crops Included Y/NNo
FencingAverageCondition
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPublicTransit
Lot Size Acres0.1356
Lot Size Area5906.0
Lot Size SourcePublicRecords
Number of Buildings5
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Parking FeaturesNone, OnStreet
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Roger Jarnigan
Realtor®