New Listing
1. Multi Family Townhouse for Sale at Wilshire Center Koreatown, Los Angeles, CA 90005
2. Multi Family Townhouse for Sale at Wilshire Center Koreatown, Los Angeles, CA 90005
3. Multi Family Townhouse for Sale at Wilshire Center Koreatown, Los Angeles, CA 90005
CALIFORNIA
Los AngelesWilshire Center Koreatown

700 S Berendo St

Wilshire Center Koreatown, Los Angeles, CA 90005

$9,700,000
38
beds
Multi Family Townhouse

AGENTS

Douglas Elliman
Douglas Elliman
M: 1.800.Elliman
Source of Data:
California Real Estate Technology Services

Property Description

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.
Show MoreShow Less

PROPERTY DETAILS

  • Interior
    19,370 Sq Ft.
  • Exterior
    .2 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
    1989
  • MLS/Listing ID
    23-235617
  • Days On Market
    61
Listing Courtesy of Keller Williams Beverly Hills, Hamid Soroudi - 00708618 - 310-432-6547

Los Angeles

article slide

Featured neighborhood

Los Angeles

Downtown offers many new amenity-rich condo and rental buildings.
Read more about Los Angeles

NEARBY LISTINGS

Property at 3250 Wilshire Boulevard, 1700 Wilshire Center Koreatown, Los Angeles, CA 900101  of  11
3250 Wilshire Boulevard, 1700
Wilshire Center Koreatown, Los Angeles, CA 90010
$798,000
Listing Courtesy of New Venture Realty, Listing Agents Erik Hererra - CA DRE Lic. #01387977 - 310-598-0809
Property at Macarthur Park, Los Angeles, CA 900051  of  10
Contract Signed
2961 W 8th St
Macarthur Park, Los Angeles, CA 90005
$1,100,000
Listing Courtesy of Marcus & Millichap, Neema Ahadian - 01346750 - 310-909-5444
Property at Wilshire Center Koreatown, Los Angeles, CA 900051  of  8
New Listing
836 S CATALINA St
Wilshire Center Koreatown, Los Angeles, CA 90005
$2,250,000
8beds
Listing Courtesy of David Ballin Kaufman, David Kaufman - 01217537 - 310-877-8600
Property at Macarthur Park, Los Angeles, CA 900051  of  2
Contract Signed
2954 W 8th St
Macarthur Park, Los Angeles, CA 90005
$1,870,000
Listing Courtesy of Ivy Realty Co., Ki Seon Im - 01860439 - 213-505-6345