1032 N Berendo Street Los Angeles, CA 90029
1032 N Berendo Street is an eight-unit apartment community in East Hollywood (90029). The offering provides investors with a unique and rare opportunity to acquire an irreplaceable asset with meaningful rental upside in one of LA's most dynamic and stable markets. 1032 N Berendo Street was built in 1962 and has 5, 146 square feet of improvements. The unit composition features one (1) 2 Bedroom / 2 Bathroom units, six (6) 1 Bedroom / 1 Bathroom units, and (1) Single apartment. The offering has one "guest room" built in 1962 and can be updated and permitted into a legal ninth unit. The property is sited on a +/- 6, 249 square foot parcel, zoned LAR4. Covered parking is provided for eight vehicles. Gas and electrical utilities are separately metered and paid for by residents. Ownership completed the mandatory soft-story retrofit in 2020 and received the Certificate of Compliance from the City. As a bonus, future ownership can add immediate value as there are two vacant units. With its prime location in East Hollywood, 1032 N Berendo Street is an outstanding rental location for residents looking for immediate access to major Hollywood employers, services, and entertainment venues. Additionally, the proximity to world-class neighboring venues makes this an ideal investment for apartment operators seeking a stable investment opportunity along with long-term wealth preservation and appreciation.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site306 Days
- MLS StatusActive
- MLS ID Number23304321
- Home Size Source N/A
- Year Built1962
- Lot Size0.1435 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Covered
- Parking Spaces 8
- Number of Stories Multi/Split2
- Acreage 0.1435
- Zoning LAR4
- Listing Conditions Standard
Interior Features
- Heating Wall Furnace
Community Features
- Senior Community No
- MLS Area C20 - Hollywood