Two-Parcel Apartment Development
For Sale
Contact for pricing
236 & 240 N Berendo St, Los Angeles, CA 90004
Two adjacent parcels support new construction of up to 35 units, with Opportunity Zone zoning R3 Tier 4.
Property SizeContact for details
Days on Market121
Property Features for 236 & 240 N Berendo St
General Information
Standard status
Active
Property subtype
Land
Zoning
R3 Tier 4
Additional Details
Opportunity Zone
Yes
Multifamily Units
35
Listing Agency:
DWG Capital Group
(310) 261-8428
Listed By:
Judd Dunning · License #CA 01520854
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 12:55AM
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 DWG Capital Group
Investment Insights
Based on property information with market context.
An offering of two parcels of land at 236 & 240 N Berendo St, presented as a new construction apartment development opportunity. The site is positioned to support the construction of up to 35 new apartment units or condominiums, subject to applicable approvals.
The property is located in the Wilshire Corridor / Koreatown submarket of Los Angeles, CA. It is an Opportunity Zone property and is zoned for R3 Tier 4, which can potentially allow up to 63 feet of development height and approximately 40,000 square feet of gross buildable space.
The project includes planning factors that can improve cost efficiency, including allowance for on-grade parking with zero parking required and TOC incentive-based development allocations.
The property is located in the Wilshire Corridor / Koreatown submarket of Los Angeles, CA. It is an Opportunity Zone property and is zoned for R3 Tier 4, which can potentially allow up to 63 feet of development height and approximately 40,000 square feet of gross buildable space.
The project includes planning factors that can improve cost efficiency, including allowance for on-grade parking with zero parking required and TOC incentive-based development allocations.
Key Highlights
- Two adjacent parcels at 236 & 240 North Berendo Street, Los Angeles, CA, for new construction of up to 35 apartment units or condominiums
- Opportunity Zone property zoned R3 Tier 4 with potential up to 63 ft of development height and approx. 40,000 sf of gross buildable SF
- Purchase price $3,250,000, or $92.8K per unit (based on up to 35 units)
Property Analytics
Current Use
Lease Details
35
Residential units
Location Intelligence
Trade Area within ½ mile
2,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two adjacent parcels support new construction of up to 35 units, with Opportunity Zone zoning R3 Tier 4.
Where is this residential land & home lot located?
The property is located at 236 & 240 N Berendo St Los Angeles, CA.
What are key features of this property?
This property features: Two adjacent parcels at 236 & 240 North Berendo Street, Los Angeles, CA, for new construction of up to 35 apartment units or condominiums; Opportunity Zone property zoned R3 Tier 4 with potential up to 63 ft of development height and approx. 40,000 sf of gross buildable SF; Purchase price $3,250,000, or $92.8K per unit (based on up to 35 units)
