Multifamily
1806 - 1810 S Berendo Street
1806 - 1810 S Berendo Street, Los Angeles, CA 90006
Listing Price: $1,850,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a seven-unit apartment community located at 1806-1810 South Berendo Street. These are two separate Multi-Family properties on contiguous lots. The subject property is located just north of Washington Boulevard and west of Vermont Avenue near Harvard Heights.
Situated on a 9,316 square foot parcel, the property comprises of large units with excellent layouts. There is 29% rental upside through interior renovations. The property offers investors a unique opportunity to acquire an asset well suited to provide investors with healthy returns and long term appreciation potential.
The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate and achieve superior future returns moving forward makes 1806-1810 South Berendo Street an excellent acquisition opportunity.
**1806 & 1810 South Berendo Street are being sold alongside each other. The Properties may be sold together or individually.**
1806 - 1810 S Berendo Street
Investment Highlights
- Operating at a Current 6.50% Cap Rate with Additional Upside
- New Ownership has Potential to Add Accessory Dwelling Units (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential - Buyer to Verify
- The Property is Located in a Dense Pocket near Harvard Heights. With a Walk Score of 85 'Very Walkable' – Most Errands can be Accomplished on Foot. Residents Enjoy Convenient Access to Employment Cent
- Current Ownership Has Attentively Maintained the Property
- Surrounded by Neighborhoods such as Mid-City, Koreatown, West-Adams & Downtown- Harvard Heights is Becoming a Compelling Value-Proposition for Tenants who are Getting Priced out of These Neighboring Submarkets
Exclusively Listed By
Financing By
Listing Price: $1,850,000
Investment Highlights
- Operating at a Current 6.50% Cap Rate with Additional Upside
- New Ownership has Potential to Add Accessory Dwelling Units (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential - Buyer to Verify
- The Property is Located in a Dense Pocket near Harvard Heights. With a Walk Score of 85 'Very Walkable' – Most Errands can be Accomplished on Foot. Residents Enjoy Convenient Access to Employment Cent
- Current Ownership Has Attentively Maintained the Property
- Surrounded by Neighborhoods such as Mid-City, Koreatown, West-Adams & Downtown- Harvard Heights is Becoming a Compelling Value-Proposition for Tenants who are Getting Priced out of These Neighboring Submarkets
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a seven-unit apartment community located at 1806-1810 South Berendo Street. These are two separate Multi-Family properties on contiguous lots. The subject property is located just north of Washington Boulevard and west of Vermont Avenue near Harvard Heights. Situated on a 9,316 square foot parcel, the property comprises of large units with excellent layouts. There is 29% rental upside through interior renovations. The property offers investors a unique opportunity to acquire an asset well suited to provide investors with healthy returns and long term appreciation potential. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate and achieve superior future returns moving forward makes 1806-1810 South Berendo Street an excellent acquisition opportunity. **1806 & 1810 South Berendo Street are being sold alongside each other. The Properties may be sold together or individually.**
Exclusively Listed By
Financing By
