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$2,750,000

Beds
Unknown
sq ft
Unknown

1184 N Berendo St, Los Angeles, CA 90029

1184 N Berendo St

Los Angeles, CA 90029

  • 10 days on market
Prime Corner Lot Investment Opportunity – 1184 N Berendo Street, Los Angeles. Exceptional 10-unit apartment building in East Hollywood, just two blocks from Sunset Blvd. With a proforma CAP rate of 8.5%+, this value-add opportunity features 7,864 SF of living space on a 7,815 SF corner lot. The unit mix includes (8) 1B+1B, (1) 2B+1B, and (1) 2B+2B, with one vacancy and nine parking spaces. Centrally located near Larchmont Village, Koreatown, and Downtown LA, this property benefits from its proximity to top employers (Netflix, Kaiser, Paramount) and major retailers (Ralphs, Starbucks). Easy freeway access and strong rental demand make it a standout investment in a highly desirable area. SELLER WILL LISTEN TO ALL REASONABLE OFFERS!

Details

Property type

Mixed Use

Lot size

7,815 sq ft

Price per sq ft

Unknown

Year built

1958

Price History

12/30/2024
CRMLS

CRMLS #AR24248488

Listed
$2,750,000
-6.78%
04/04/2024
CRMLS

CRMLS #PW24041804

Removed
$2,950,000
02/29/2024
CRMLS

CRMLS #PW24041804

Listed
$2,950,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Homestead Equities Llc

Loan start date

March 2024

Original loan amount

$20,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Not Provided

Seller

Gemma N Austria

Lender

Mark Neil Viado

Loan start date

December 2022

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

6.95%

Loan type

Commercial

Seller

Renier V Austria and Gemma N Austria

Lender

Ronald Rigor Etal

Loan start date

February 2022

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

3.05%

Loan type

Commercial

Seller

Renier V Austria and Gemma N Austria

Lender

Ronald Rigor Etal

Loan start date

February 2022

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

3.05%

Loan type

Commercial

Seller

Renier V Austria and Gemma N Austria

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/08/2025 at 11:25 PM

Listing updated: 12/30/2024 at 2:24 PM

Listed by: May Arroyo, Premier Properties Realty Prof Phone #: (626) 445-7079

MLS: CRMLS #AR24248488

CRMLS logo

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