Multi-Family

311 S Berendo St

311 S Berendo St, Los Angeles, CA 90020

Listing Price: $2,650,000

Lot Size
0.16 acres
Price/Acre
$16,561,550
Land Type
Redevelopment
Buildable Square Feet
25,279

Investment Overview

Marcus and Millichap is pleased to present 311 South Berendo Street, in the 90020 zip code of Koreatown one of the most up-and-coming rental pockets in the city and within walking distance to many of citys most popular restaurants and social centers such as Sweetgreens, Blue Bottle, Silverlake Ramen, and Quarters Korean Barbecue just to name a few!

The site is zoned C2-1/R4 and is ready-to-issue permits (RTI) for 30 units plus 391 square feet of ground floor retail. The unit count consists of 13, one-bedroom and 17, two-bedroom units with three of these units dedicated to Extremely Low Income. The stories consist of a common area roof deck over 5 stories of type IIIA residential over 1 story of type IA residential over 1 story of type IA commercial and parking and over 1 level of subterranean parking.

With a Walk Score of 94, the site is ideally located in a popular and dense rental market. Los Angeles' Koreatown is one of the densest neighborhoods in the United States and has the second most Korean population outside of Korea itself! The 2000 census counted an average of 42,611 people per square mile, the highest density of any community in Los Angeles County. In 2019, the city estimated the population to be 126,993 residents.

Investment Highlights

  • Rare Opportunity to Acquire an RTI Multifamily Development
  • Prime Koreatown Location
  • RTI for 30-Units

Exclusively Listed By

Listing Price: $2,650,000

Lot Size
0.16 acres
Price/Acre
$16,561,550
Land Type
Redevelopment
Buildable Square Feet
25,279

Investment Highlights

  • Rare Opportunity to Acquire an RTI Multifamily Development
  • Prime Koreatown Location
  • RTI for 30-Units

Investment Overview

Marcus and Millichap is pleased to present 311 South Berendo Street, in the 90020 zip code of Koreatown one of the most up-and-coming rental pockets in the city and within walking distance to many of citys most popular restaurants and social centers such as Sweetgreens, Blue Bottle, Silverlake Ramen, and Quarters Korean Barbecue just to name a few!

The site is zoned C2-1/R4 and is ready-to-issue permits (RTI) for 30 units plus 391 square feet of ground floor retail. The unit count consists of 13, one-bedroom and 17, two-bedroom units with three of these units dedicated to Extremely Low Income. The stories consist of a common area roof deck over 5 stories of type IIIA residential over 1 story of type IA residential over 1 story of type IA commercial and parking and over 1 level of subterranean parking.

With a Walk Score of 94, the site is ideally located in a popular and dense rental market. Los Angeles' Koreatown is one of the densest neighborhoods in the United States and has the second most Korean population outside of Korea itself! The 2000 census counted an average of 42,611 people per square mile, the highest density of any community in Los Angeles County. In 2019, the city estimated the population to be 126,993 residents.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower