700 S Berendo St

Los Angeles, CA, 90005

$9,700,000

$500 per ft²
$9,700,000
$500 per ft²
Active
Active
 - For Sale
beds
38 Beds
baths
38 Baths
carpenters-square
19,370 ft²
property_type
Multi-family
calendar
Built 1989
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.
MLS® ID:
23-235617
Listed:
1/22/23
Updated:
4/1/23

Interior Features

Total Bedrooms
38
Total Bathrooms
38
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
8,887 ft² lot
Exterior Features
None

Other Property Details

Garage
Yes
Parking
Community Garage
Parking Total
30.0
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LAR4

Courtesy of Keller Williams Beverly Hills, Hamid Soroudi,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/1/23

Contact