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532 N Berendo Street

Los Angeles (City), CA 90004
  • $1,689,000
  • STATUS: Active
  • ON SITE: 141 Days
  • ID#: SR24220787
Price Reduced
UPDATED: 39 min ago
$1,689,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Ratings & Info

Listing Agent(s): Mazdak Sarehkhani of Mazdak Sarehkhani (818-601-8215)


Description

INVESTORS DREAM with a MOTIVATED SELLER WITH and an ANNUAL INCOME OF $175,224/ year and TWO UNITS ARE BEING DELIVERED VACANT!!!This is a 4 legal units with ONE ADDITIONAL BONUS 2 bedroom unit that is unpermitted but fully remodeled and it has been used and rented always with long term tenants thanks to the nearby school and hospital with many travel nurses as an AIRBNB with an income of average $3500/ month. MAKING THIS REALLY A 5 UNIT PROPERTY!!! ALL UNIT ARE FULLY REMODELED and IN A FANTASTIC CONDITION, 10+ parking spots, and property brings in $175,224 per year $14,602 per month. LIVE in the unpermitted unit and rent the remaining 4 units.The units are 5 X 2/1. With income of $3500 (Section 8 tenant), $3052 (Section 8 tenant), $1050 (regular lease tenant), and TWO vacant units which are used as Airbnb currently and bringing in consistently $3500+ + $3500+ each per month with longterm tenancy thanks to the nearby college and the hospital with traveling nurses as common tenants. This is the best deal in town with motivated seller and any reasonable offer will be considered. SO SUBMIT YOUR OFFER TODAY!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T21:40:41.013. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/157130666
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532 N Berendo Street Los Angeles (City), CA 90004

  • Price: $1,689,000
  • Status: Active
  • On Site: 141 Days
  • Updated: 39 min ago
  • ID#: SR24220787
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1908
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
INVESTORS DREAM with a MOTIVATED SELLER WITH and an ANNUAL INCOME OF $175,224/ year and TWO UNITS ARE BEING DELIVERED VACANT!!!This is a 4 legal units with ONE ADDITIONAL BONUS 2 bedroom unit that is unpermitted but fully remodeled and it has been used and rented always with long term tenants thanks to the nearby school and hospital with many travel nurses as an AIRBNB with an income of average $3500/ month. MAKING THIS REALLY A 5 UNIT PROPERTY!!! ALL UNIT ARE FULLY REMODELED and IN A FANTASTIC CONDITION, 10+ parking spots, and property brings in $175,224 per year $14,602 per month. LIVE in the unpermitted unit and rent the remaining 4 units.The units are 5 X 2/1. With income of $3500 (Section 8 tenant), $3052 (Section 8 tenant), $1050 (regular lease tenant), and TWO vacant units which are used as Airbnb currently and bringing in consistently $3500+ + $3500+ each per month with longterm tenancy thanks to the nearby college and the hospital with traveling nurses as common tenants. This is the best deal in town with motivated seller and any reasonable offer will be considered. SO SUBMIT YOUR OFFER TODAY!
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Yard Number Of Separate Electric Meters 4 Open Parking Spaces 10 Parking Total 20 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features Suburban Contingency We can show two of the units. Other ones are subject to interior inspections upon accepted offer. Electric Expense 0 Fuel Expense 0 Garage YN Yes Green Energy Efficient Appliances Gross Income 167724 Gross Scheduled Income 175224 Insurance Expense 1700 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashFHASubmit Net Operating Income 16772424 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 7100 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 5400 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T21:40:41.013. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Mazdak Sarehkhani of Mazdak Sarehkhani (818-601-8215)