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$9,700,000
14 Days Online
700 S Berendo Street Los Angeles, CA 90005
For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Hamid Soroudi of Keller Williams Beverly Hills
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Monthly Payment (Est.)
$44,255Calculator powered by Showcase IDX. Copyright ©2023 Information is deemed reliable but not guaranteed.
Built in 1989, not subject to LA Rent Control. Significant (20%) upside in rents that can be raised up to 10%/year. 14.1 x Gross & 4.4% cap with existing rents. 11.7 x Gross & 5.7% cap with rents at market. Existing loan is $5,500,000 at 3.25% fixed until 8/1/26, payable interest only until 8/1/23, due 8/1/2051. 4% cash on cash return at closing; 7.3% cash on cash with rents at market.
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Listing Snapshot
Price
$9,700,000
Days Online
14 Days
Bedrooms
38
Inside Area (SqFt)
19,370 sqft
Total Baths
38
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.204 Acres
Year Built
1989
MLS Number
23235617
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| a week ago | Listing updated with changes from the MLS | |
| 2 weeks ago | Listing first seen online |
General Features
Parking
Community Structure
Parking Spaces
30
Number of Stories
4
Acreage
0.204
Zoning
LAR4
Listing Conditions
Standard
Interior Features
Appliances
Dishwasher
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Community Features
Senior Community
No
MLS Area
C17 - Mid-Wilshire
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
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