1050 S Berendo Street, Los Angeles, CA 90006

Building Details

Year Built

1895

Listing agent JOSEPHINE SAN LUCAS

Listing office KELLER WILLIAMS LARCHMONT

Listing date Aug 1, 2025

Source Corcoran

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Overview

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.

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.294

Latitude

34.0512

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FAQs

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