932 S Berendo Street

Multi-Unit Income Property

Sold Aug 5, 2021

Contact us for sale price

Commercial, Multi-Unit (5+)

Number of Buildings
Square Feet
Lot Size
4,201 Sq Ft
Year Built

A Unique and Rare opportunity: Ponderosa Court. This investment property CAN BE PURCHASED WITH CRYPTOCURENCY ; SELLER IS ACCEPTING BOTH BITCOIN & OR ETHEREUM to transact. This multifamily complex is comprised of Two 4-unit multifamily structures (side-by-side) located in the trendy and high growth area of Koreatown. Each four-unit is comprised of 4-One Bedroom One Bathroom apartment homes. The 2 story walk-up style complexes were built in 1923 and exude 20s charm and unique character that separates these units from the Ordinary rental. The units are separately metered for gas and electric and benefit from a gated community courtyard equipped with a Smart Locker for residents Amazon packages and beyond. his corner location scores an incredible 94 on walkability, checking all boxes on what millennials are asking for. Currently, there are 5 units that have been held vacant for the new buyer to upgrade / rent at market rate. Select units have outdoor side areas that can be privatized. Furthermore, due to the layout of the property (separate garage structure) the new buyer can add value by completing up to 2 ADU units. This cost effective option will produce 2 additional income streams and significantly increase the underlying value of the asset. (buyer to conduct their own due diligence with the city of Los Angeles).


Scott Harvey

Listing Agent

(831) 915-4692

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