$9,700,000
700 S Berendo Street, Los Angeles, CA 90005
19,370
Square feet
8,887
Lot Size
27
# Of Units
Listing Agent
Hamid Soroudi - Keller Williams Beverly HillsBuilt in 1989, not subject to LA Rent Control. Significant (20%) upside in rents that can be raised up to 10%/year. 14.1 x Gross & 4.4% cap with existing rents. 11.7 x Gross & 5.7% cap with rents at market. Existing loan is $5,500,000 at 3.25% fixed until 8/1/26, payable interest only until 8/1/23, due 8/1/2051. 4% cash on cash return at closing; 7.3% cash on cash with rents at market.
Facts & Features
| MLS® # | 23235617 |
|---|---|
| Price | $9,700,000 |
| Bathrooms | 0.00 |
| Square Footage | 19,370 |
| Lot Size | 8,887 |
| Year Built | 1989 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 27 |
Community Information
| Address | 700 S Berendo Street |
|---|---|
| Area | C17 - Mid-Wilshire |
| City | Los Angeles |
| County | Los Angeles |
| State | CA |
| Zip Code | 90005 |
Amenities
| Parking Spaces | 30 |
|---|---|
| Parking | Community Structure |
| Garages | Community Structure |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 4 |
Additional Information
| Date Listed | January 23rd, 2023 |
|---|---|
| Days on Market | 4 |
| Zoning | LAR4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Hamid Soroudi |
|---|---|
| Office | Keller Williams Beverly Hills |