$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 Hills

Built 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

AgentHamid Soroudi
OfficeKeller Williams Beverly Hills

Listing Map

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