Located in the heart of Korea Town this Charming 5 -unit Commercial complex features a great mix of residential properties amongst three separate structures on a High Density R-4-1 Zone with Upside potential . Four Bungalow style homes approximately 441 sq ft each and a Large 2 bedroom 1 bath Craftsman house at rear boasting approximately 1030 sq ft of living space . Amenities include a large basement at rear that owner uses as a rumpus room and work shed , plenty of common area for tenants and low maintenance on landscaping . These units are Fully occupied providing immediate rental income for the savvy investor . Property boast a competitive cap rate of 4.98% reflecting a strong income potential and investment viability in a rapidly growing neighborhood. Half a block south of Olympic blvd. within walking distance of Hannam chain market , Berendo Highschool and public transportation just to name a few
Property Details
Price:
$1,200,000
MLS #:
MB25165321
Status:
Active
Baths:
0
Address:
1050 S Berendo Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
kreakoreatown
City:
Los Angeles
Listed Date:
Jul 22, 2025
State:
CA
ZIP:
90006
Lot Size:
5,906 sqft / 0.14 acres (approx)
Year Built:
1895
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Schools
Interior
Appliances
Gas Oven, Gas Range
Cooling
Wall/ Window Unit(s), Whole House Fan
Fireplace Features
None
Flooring
Laminate
Heating
Wall Furnace
Interior Features
Ceramic Counters
Exterior
Community Features
Street Lights, Urban
Electric
Standard
Fencing
Average Condition
Garage Spaces
0.00
Lot Features
Near Public Transit
Parking Features
None, Street
Parking Spots
0.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas, Trash Collection
Utilities
Sewer Available, Sewer Connected, Water Available
Map
Community
- Address1050 S Berendo Street Los Angeles CA
- AreaKREA – Koreatown
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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1050 S Berendo Street
Los Angeles, CA
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