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 Market389
Property Features for 1050 S Berendo Street
General Information
Standard status
Active
Size
2,928 SF
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
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,109
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
