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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
700 S Berendo Street700 S Berendo Street
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Monthly Payment (Est.)

$44,255
Calculator 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 agoListing updated with changes from the MLS
2 weeks agoListing 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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