120 Berendo Street, Los Angeles, CA 90004
Local realty services provided by:ERA North Orange County Real Estate
120 Berendo Street,Los Angeles, CA 90004
$1,650,000
- 7 Beds
- 4 Baths
- 2,964 sq. ft.
- Multi-family
- Active
Listed by:brent hawker
Office:brent andrew hawker broker
MLS#:225004370
Source:CRMLS
Price summary
- Price:$1,650,000
- Price per sq. ft.:$556.68
About this home
Fantastic Opportunity! Nicely Remodeled Turn-Key Duplex with a 4 Bed 2 Bath upstairs unit leased for $3,952/M, and downstairs is a 3 Bed 2 Bath unit with a market rent rate of $3,700/M. Nicely remodeled kitchens and Bathrooms and newer flooring through out. Mini-Splits AC Units are efficient and home features dual pane windows, and each unit has its own balcony. Gated with motorized gate. Includes plenty of off-street parking, 6 spaces plus a detached 3 car garage. Cash flowing property with R3 Zoning and in LA's TOC, and with the right strategy, investors can achieve a CAP Rate of 6.12%+ as soon as this December, ask the Listing Broker for details. This property is located just south of Trendy SilverLake, without the SilverLake prices with Gentrification well under way with many similar properties on the same block being redeveloped into multi story apartments. This R3 property is withing LAs TOC which has relaxed parking requirements due to close transit availability and building 50+ units could be a possibility. (Confirm with LA Building & Safety). Would also make for a great property live in one unit and cash flow the other. Downstairs is leased below market, but lease expires this December. Act now, properties in this condition do not last long and units rent very quickly in this area, close to everything! Oh, and don't forget the Olympics are coming!
Contact an agent
Home facts
- Year built:1922
- Listing ID #:225004370
- Added:20 day(s) ago
- Updated:September 16, 2025 at 01:22 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,964 sq. ft.
Structure and exterior
- Year built:1922
- Building area:2,964 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$1,650,000
- Price per sq. ft.:$556.68
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