17-Unit Apartment
For Sale
$4,500,000
810 S Berendo St, Los Angeles, CA 90005
Residential units include central heating and air conditioning, controlled entry, and on-site laundry.
Property Size12,747 SF
Lot Size0.17 Acres
Price / SF$353.02
Days on Market84
Property Features for 810 S Berendo St
General Information
Standard status
Active
Size
12,747 SF
Total Parking Spaces
24
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR4
Site & Location
Neighborhood
Koreatown
Units
Unit Mix
13 x 2BR/2BA, 4 x 1BR/1BA
Multifamily Units
17
Amenities
central air conditioning and heating
controlled access
on-site laundry
Building Details
Building Size
12,747 SF
Year Built
1991
Buildings
1
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Leonard Kay · License #01898779
(213) 819-9345
Source:
Coastline840
Added: Aug 4
Changed: Oct 26
Last Checked: Oct 26 at 12:56PM
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 Lyon Stahl Investment Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1991, this Los Angeles apartment property contains 17 units: 13 two-bedroom, two-bath residences and four one-bedroom, one-bath residences. The building totals approximately 12,747 square feet on a 7,252-square-foot lot zoned LAR4. Building features include central air conditioning and heating in every unit, controlled access, on-site laundry, and 24 subterranean parking spaces.
The property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO). It may be acquired individually or as part of a portfolio.
The property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO). It may be acquired individually or as part of a portfolio.
Key Highlights
- 17 apartments: 13 two‑bedroom/two‑bath units and 4 one‑bedroom/one‑bath units
- Approximately 12,747 square feet on a 7,252‑square‑foot LAR4‑zoned lot
- Built in 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$295,822
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,916,440
$5.9M
Cap Rate 7%
$4,226,029
$4.2M
Cap Rate 9%
$3,286,911
$3.3M
Market Conditions
NOI Build-Up for 12,747 SF
Gross rent
$471.1K $36.96/SF
− Vacancy
−$48.5K −$3.81/SF
EGI
$422.6K $33.15/SF
− OpEx
−$126.8K −$9.95/SF
NOI
$295.8K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,916,440
Cap Rate 7%
$4,226,029
Cap Rate 9%
$3,286,911
Alternative Uses
Best Use
Apartment 5plus
$225.36M
$197.19M – $262.92M
NOI $15,775,102 @ 7.0% cap · market cap 350.56%
Second Best
Retail
$4.23M
$3.70M – $4.93M
NOI $295,822 @ 7.0% cap · market cap 6.57%
Theoretical Best
Multifamily LT 5
$258.25M
$225.97M – $301.29M
NOI $18,077,260 @ 7.0% cap · market cap 401.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
8,787
Businesses Nearby
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Business Placement
Demographics for 90005, CA
37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residential units include central heating and air conditioning, controlled entry, and on-site laundry.
Where is this apartment building located?
The property is located at 810 S Berendo St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 17 apartments: 13 two‑bedroom/two‑bath units and 4 one‑bedroom/one‑bath units; Approximately 12,747 square feet on a 7,252‑square‑foot LAR4‑zoned lot; Built in 1991
