532 N Berendo Street, Los Angeles, California 90004

$1,345,000

Bedrooms

11

Bathrooms

5

Square Feet

3,428 sqft

City

Los Angeles

Status

Active

***REDUCED PRICE*** 532 N. Berendo Street is a five-unit apartment property (four units per title) situated on a 7,505 square foot corner lot in East Hollywood. The asset offers investors the ability to obtain residential financing, as it is reflected as a four-unit building on title, and may be delivered with up to TWO UNITS VACANT creating immediate upside through lease-up, renovation, or owner-user occupancy. Zoned R3 and located in a Tier 3 TOC area, the oversized lot provides significant value-add and redevelopment potential, including an ADU addition and possible ED1 eligibility (buyer to verify). The unit mix is made up of Three 2B 1BA, One 3B, 1BA, and One non conforming 2B, 1BA.