120 Berendo ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
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