CA > Los Angeles
Los Angeles, CA 90004,210 N Berendo ST
Los Angeles, CA 90004,210 N Berendo ST
Los Angeles, CA 90004,210 N Berendo ST
Los Angeles, CA 90004,210 N Berendo ST
Los Angeles, CA 90004,210 N Berendo ST
Los Angeles, CA 90004,210 N Berendo ST
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Veronika Blore

Veronika Blore

+1(661) 690-7544
$ 1,499,000
Est. payment | /mo

3 Beds

2 Baths

1,635 SqFt

Save
$ 1,499,000
Est. payment | /mo
Save

3 Beds

2 Baths

1,635 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,635 sqft

Price per Sqft $916

MLS Listing ID 25525441

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1921

Lot Size 7,501 Sqft

Property Sub-Type Single Family Residence

Property Description

The subject property for sale is a prime development opportunity located at 210 N Berendo Street, Los Angeles CA 90004. 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. Zoned LAR3-1 with a lot area of 7500 sq. ft., the site offers multiple development options under current zoning and recent legislative incentives. This site presents significant upside potential through various development pathways, including maximizing density through ED1 affordable housing incentives or Small Lot Subdivisions. The Citywide Housing Incentive Program (CHIP) Ordinance enables streamlined project review procedures and introduces new incentives for eligible project types in order to expand access to affordable housing near transit, jobs, along corridors, and in higher opportunity areas. Through ED-1 you can potentially build 50+ units. Please consult a qualified architect, structural engineer, and dry utility consultant to verify the physical feasibility and ensure compliance with relevant building codes and standards. A savvy investor also benefits from of the current cash flow the property is generating through the current tenant in place while going through the planning and development process. Property currently has a Family Child Care tenant that is paying $6,000 per month ($72,000 year) and the term is set to expire at the end of March 2026. 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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Furnishings Unfurnished

Fireplace No

Laundry See Remarks

Exterior

Pool See Remarks

View Y/N Yes

Total Parking Spaces 1

Building

Story 1

Entry Level One

Architectural Style See Remarks

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5518026009

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Meir Frydman • KW SELA
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 690-7544

veronika@blorerealty.com

Los Angeles, USA

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210 N Berendo ST