700 S Berendo St, Los Angeles, Los Angeles County, CA, 90005 Los Angeles CA US

USD 9,700,000

For Sale MLS: 23-235617

Primary image of 700 S Berendo St, Los Angeles, Los Angeles County, CA, 90005 Los Angeles CA US

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Property Details

Bedrooms

Bathrooms

Neighborhood

Koreatown

Property Type

MultiFamily

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. Find out more about this property. Request details here

Location

Address

700 South Berendo Street, Los Angeles, California 90005, United States

City

Los Angeles

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