232 S BERENDO St, Los Angeles, CA 90004

Property Description

This charming building, located in Los Angeles' highly sought after and trendy Koreatown neighborhood, features classic art deco architecture with vintage details throughout, consists of a desirable unit mix: (2) Singles, (2) 1+1+Den, and (2) 3+2+separate formal dining room. These spacious units all feature original hardwood floors and French windows, which adds to the alluring character, as well as, some units that feature high ceilings, fireplaces, dual entrances, washer and dryer hookups, and walk-in closets. Separately metered for gas and electric, the property also conveniently offers 6 on-site parking for tenants. This is an opportunity for an investor to acquire an attractive asset in one of Los Angeles hippest rental markets that is pegged for continued gentrification and growth. With over 25% of potential rental upside, an investor could push rents to meet the high market demand with continued interior renovations and upgrades.