700 S Berendo St, Los Angeles, Los Angeles County, CA, 90005 Los Angeles CA US
For Sale : USD 9700000
MLS #: 23-235617
Details
Bed Rooms
38
Bath Rooms
6
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
Map
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