Korea Town Multifamily Investment
For Sale
$1,199,999
1050 S Berendo Street, Los Angeles, CA 90006
Charming 5-unit commercial complex in Korea Town with income potential.
Property Size2,928 SF
Price / SF$409.84
Days on Market450
Property Features for 1050 S Berendo Street
General Information
Standard status
Active
Size
2,928 SF
Site & Location
Neighborhood
Pico-Union
Building Details
Year Built
1895
Listing Agency:
KELLER WILLIAMS LARCHMONT
Listed By:
JOSEPHINE SAN LUCAS
Source:
Corcoran
Added: Aug 1, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS LARCHMONT
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Investment Insights
Based on property information with market context.
This charming 5-unit commercial complex is located in the heart of Korea Town. The property features a mix of residential properties amongst three separate structures, situated on a high-density R-4-1 zone with upside potential. There are four bungalow-style homes, each approximately 450 square feet, and a large 2-bedroom, 1-bath Craftsman house at the rear, boasting approximately 1128 square feet of living space. Amenities include a large basement at the rear, currently used as a rumpus room and work shed, plenty of common area for tenants, and low-maintenance landscaping. The units are fully occupied, providing immediate rental income. The property boasts a competitive cap rate of 5.5%, reflecting a strong income potential and investment viability in a rapidly growing neighborhood. The location is half a block south of Olympic Boulevard, within walking distance of Hannam Chain Market, Berendo High School, and public transportation.
Key Highlights
- High‑Density R‑4‑1 Zoning with Upside Potential
- Fully Occupied 5‑Unit Commercial Complex Generating Immediate Rental Income
- Competitive 5.5% Cap Rate Indicating Strong Investment Viability
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Location Intelligence
Trade Area within ½ mile
4,109
Businesses Nearby
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Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Charming 5-unit commercial complex in Korea Town with income potential.
Where is this apartment building located?
The property is located at 1050 S Berendo Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: High‑Density R‑4‑1 Zoning with Upside Potential; Fully Occupied 5‑Unit Commercial Complex Generating Immediate Rental Income; Competitive 5.5% Cap Rate Indicating Strong Investment Viability
