210 N Berendo Street
Los Angeles, CA 90004
- – beds
- – baths
- – sqft
- 7,502 sqft lot
- – on site
The subject property is a 1,635 SF home on a flat 7,499 SF lot. The zoning is LAR3 - Tier 3 TOC. Located just 0.2 Miles away from the Metro Red Line Station at Beverly and Vermont, tenants can benefit from the great location and numerous eateries nearby. The ownership has conceptual and architectural plans to build 19units. Ofthe 19 proposed units (17 units plus 2 ADU's), ten are to be 2 bedroom / 2 bathroom units and nine are tobe 1 bedroom / 1 bathroom units. Alternatively take advantage ofthe ED-1 eligibility and build 21 low income housing units (17 units plus 4 ADU's) with no parking required and save considerable amount of time and construction costs.A savvy investor can also take advantage of the Red Line, focus on an Affordable Housing Project and forgo all parking requirements for the highest and best use of this land and potentially build 21 units. Property currently has a Family Child Care tenant that is paying $5,407.50 per month ($64,890 year) and the term is set to expire at the end of March 2025. Benefit from the income producing tenant while going forward with the planning and development process. As a result of the neighborhood's charm and desirability, there is robust demand for housing and long-term rent growth. The asset's location along with the development incentives are an excellent acquisition for a developer or long term investor.
Listed By CRMLS_CA / Meir Frydman / KW Advisors
Last checked:
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Last updated May 13, 2024
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MLS# 24373577 —
This property is listed in more than one place. See it here, and here, and here.
Walk Score®
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Bike Score®
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Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
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Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/10/24
May 10, 2024
|
Price Changed | CRMLS_CA | $1,625,000 | -5.9% |
3/27/24
Mar 27, 2024
|
Listed / Active | CRMLS_CA | $1,726,000 | 24.2% (13.0% / YR) |
2/19/24
Feb 19, 2024
|
Price Changed | BRIDGE |