532 N Berendo St
LOS ANGELES, CA 90004

Property

Ownership: For Sale
Bedrooms: 11 BR
Bathrooms: 5
Area: 7505 sq ft
Lot Size: 0.17 Acres

Financials

Price:$1,450,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc.

532 N Berendo St 11BR Mid Wilshire La

Description

532 N. Berendo Street is a five-unit apartment property (four units per title) situated on a 7,505 square foot corner lot in East Hollywood. The asset offers investors the ability to obtain residential financing, as it is reflected as a four-unit building on title, and may be delivered with up to THREE UNITS VACANT creating immediate upside through lease-up, renovation, or owner-user occupancy. Zoned R3 and located in a Tier 3 TOC area, the oversized lot provides significant value-add and redevelopment potential, including an ADU addition and possible ED1 eligibility (buyer to verify). The unit mix is made up of Three 2B 1BA, One 3B, 1BA, and One non conforming 2B, 1BA.

Neighborhood

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CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.