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932 S Berendo St

Los Angeles, CA 90006
  • $1,950,000
  • STATUS: Active
  • ON SITE: 18 days
  • MLS #: 21-736474
UPDATED: 86 min ago
$1,950,000
  • 8
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,032
    SQFT
  • $484
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:
Area:

School Ratings & Info

Description

A Unique and Rare opportunity: Ponderosa Court. This investment property CAN BE PURCHASED WITH CRYPTOCURENCY ; SELLER IS ACCEPTING BOTH BITCOIN & OR ETHEREUM to transact. This multifamily complex is comprised of Two 4-unit multifamily structures (side-by-side) located in the trendy and high growth area of Koreatown. Each four-unit is comprised of 4-One Bedroom One Bathroom apartment homes. The 2 story walk-up style complexes were built in 1923 and exude 20s charm and unique character that separates these units from the Ordinary rental. The units are separately metered for gas and electric and benefit from a gated community courtyard equipped with a Smart Locker for residents Amazon packages and beyond. his corner location scores an incredible 94 on walkability, checking all boxes on what millennials are asking for. Currently, there are 5 units that have been held vacant for the new buyer to upgrade / rent at market rate. Select units have outdoor side areas that can be privatized. Furthermore, due to the layout of the property (separate garage structure) the new buyer can add value by completing up to 2 ADU units. This cost effective option will produce 2 additional income streams and significantly increase the underlying value of the asset. (buyer to conduct their own due diligence with the city of Los Angeles).

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T06:43:09.893. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/117577498
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932 S Berendo St Los Angeles, CA 90006

  • Price: $1,950,000
  • Status: Active
  • Updated: 86 min ago
  • MLS #: 21-736474
8
Beds
0
Baths
0
½ Baths
0.1
Acres
4,032
SQFT
$484
$/SQFT
1923
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
A Unique and Rare opportunity: Ponderosa Court. This investment property CAN BE PURCHASED WITH CRYPTOCURENCY ; SELLER IS ACCEPTING BOTH BITCOIN & OR ETHEREUM to transact. This multifamily complex is comprised of Two 4-unit multifamily structures (side-by-side) located in the trendy and high growth area of Koreatown. Each four-unit is comprised of 4-One Bedroom One Bathroom apartment homes. The 2 story walk-up style complexes were built in 1923 and exude 20s charm and unique character that separates these units from the Ordinary rental. The units are separately metered for gas and electric and benefit from a gated community courtyard equipped with a Smart Locker for residents Amazon packages and beyond. his corner location scores an incredible 94 on walkability, checking all boxes on what millennials are asking for. Currently, there are 5 units that have been held vacant for the new buyer to upgrade / rent at market rate. Select units have outdoor side areas that can be privatized. Furthermore, due to the layout of the property (separate garage structure) the new buyer can add value by completing up to 2 ADU units. This cost effective option will produce 2 additional income streams and significantly increase the underlying value of the asset. (buyer to conduct their own due diligence with the city of Los Angeles).
Exterior Features

Lot Description Corners Established Lot Size Area 4201 Other Structures None Parking Garage Garage Pool Description None Pool YN No Spa None Spa YN No Total Parking 3 View Description Courtyard View YN Yes

Interior Features

Bathroom Features Shower Over Tub Baths Total 8.00 Cooking Appliances Cooktop - Gas Cooling Wall Unit(S) Equipment Ceiling Fan Flooring Mixed Heating Wall Kitchen Features Counter Top

Property Features

Assessed Total Value 1568922 Gross Income 141012 Gross Operating Income 138192 Like Units1 8 Net Operating Income 100464.00 Number Of Buildings 2 Number Of Units 8 Owner Pays Water Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGasOther Total Annual Expense 37728 Type Of Units 8 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Kevin Kawaoka DRE#01733613 of Nai Capital, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T06:43:09.893. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270