Amazing opportunity to manage a 9-unit apartment complex with full occupancy and value-add potential.
1032 N. Berendo Street is walking distance to LA City College, Metro Station, Children's Hospital of Los Angeles, Hollywood Presbyterian Hospital, Kaiser, Park, Metro station, and plenty of shopping centers and restaurants. Right next to the 101 fwy, a few miles from Hollywood, Koreatown, Downtown Los Angeles, Silver lake, and so much more. Conveniently located in a quiet residential area of East Hollywood, a population of 9,905,500, and people with a median household income of $74,000.
EXECUTIVE SUMMARY
A multi-family apartment complex in the heart of East Hollywood. A unique multi-family offering comprises of a family-managed apartment buildings with nine units that can be for an investor to oversee or an owner to occupy and lease out.
Encompassing 9 fully occupied units with a mix of two-bed/one-bath and studio/one-bed/one-bath units, with ample land for a parking space for each unit, with room to make additional spaces to can be utilized as guest parking.
The property is in a dense residential area of East Hollywood, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Hancock Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Sunset Boulevard. Also has hassle-free connectivity reaching Interstate 101 less than a mile. Well maintained, with incredible accessibility, This property is primed to offer an ideal investment opportunity to own a multi-family asset.
