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23
Photos
210 N Berendo Street, Los Angeles, CA 90004
$1,625,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
2
baths
1,635
sqft
Built in
1921
The subject property is a 1,635 SF home on a flat 7,499 SF lot. The zoning is LAR3 - Tier 3 TOC. Located just 0.2 Miles away from the Metro Red Line Station at Beverly and Vermont, tenants can benefit from the great location and numerous eateries nearby. The ownership has conceptual and architectural plans to build 19units. Of the 19 proposed units (17 units plus 2 ADU's), ten are to be 2 bedroom / 2 bathroom units and nine are tobe 1 bedroom / 1 bathroom units. Alternatively take advantage of the ED-1 eligibility and build 21 low income housing units (17 units plus 4 ADU's) with no parking required and save considerable amount of time and construction costs.A savvy investor can also take advantage of the Red Line, focus on an Affordable Housing Project and forgo all parking requirements for the highest and best use of this land and potentially build 21 units. Property currently has a Family Child Care tenant that is paying $5,407.50 per month ($64,890 year) and the term is set to expire at the end of March 2025. Benefit from the income producing tenant while going forward with the planning and development process.As a result of the neighborhood's charm and desirability, there is robust demand for housing and long-term rent growth. The asset's location along with the development incentives are an excellent acquisition for a developer or long term investor.
Features & Amenities
Interior
- Laundry:
- See Remarks
Exterior
- General:
- None
- Pool:
- None
- Parking:
- Driveway, Parking spaces: 1
Construction
- General:
- 1
Location
- Originating MLS:
- CRMLS
- County:
- Los Angeles
Lot
- Zoning:
- LAR3, 5518026009
- View:
- City Lights,Hills, View
Financial
- Source:
- CRMLS
This listing courtesy of:
KW Advisors, Meir Frydman
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Los Angeles, CA
Housing
- Number of Units
- 906,276
- Median Home Value
- $764,749
- Median Rent
- $1,399
71.58% of housing units are renter occupied.
6.82% are vacant.
Commute
- Car
-
56.67%
- Public Transportation
-
8.41%
- Walk to Work
-
3.27%
- Work from Home
-
29.71%
- Other
-
1.00%
The median travel time to work is 25 minutes.
People
- Population
- 2,373,885
- Median Age
- 35.80
- Median Household Size
- 2.78
Education
- High School
-
18.57%
- Associate’s Degree
-
5.55%
- Bachelor’s Degree
-
22.72%
- Graduate Degree
-
12.23%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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