214 North Berendo Street
214 North Berendo Street
$2,730,000
15,000 / 0.34
Sold 7/7/23
Description
We are proud to exclusively present for sale a Redevelopment Opportunity in the Koreatown! Among the most in-demand neighborhoods for people and right in the middle of everything, this property can benefit tremendously from it's proximity to the Metro Red Line Station at Beverly and Vermont, 0.2 Miles away. The Sellers have submitted for a 35 Unit Project on this double-lot with 100 feet of frontage, but a Buyer could utilize AB2345 and AB1763 to maximize the units to be built, as the only restriction...We are proud to exclusively present for sale a Redevelopment Opportunity in the Koreatown! Among the most in-demand neighborhoods for people and right in the middle of everything, this property can benefit tremendously from it's proximity to the Metro Red Line Station at Beverly and Vermont, 0.2 Miles away. The Sellers have submitted for a 35 Unit Project on this double-lot with 100 feet of frontage, but a Buyer could utilize AB2345 and AB1763 to maximize the units to be built, as the only restriction would be FAR Take advantage of the Red Line, focus on an Affordable Housing Project and forgo all parking requirements for the highest and best use of this land! Your tenants will be able to rely on human locomotion or the Red Line for any and all needs that may present themselves. Surrounded by nightlife, restaurants, shopping and more, this property is central to all! The existing SFR and Duplex will be delivered vacant! This property is located in a Qualified Opportunity Zone! Transaction includes 2 APNs: 5518-026-007 & 5518-026-008.
- Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
- Listed by Ariel Sayani • DRE #02072610 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 214 North Berendo Street
Zoning
R3-1 Tier 4
Parcel Number5518026008
AreaMid-Wilshire (C17)
Lot Size Area15000
Source Lot Size AreaAssessor
Present UseDuplex and SFR
Potential UsageMaximize Density with an Affordable Housing Project
Assessor Parcel Number5518-026-008
Location
LISTING UPDATED: 07/12/2023 01:32 PM
Property Details for 214 North Berendo Street
Status | Sold |
---|---|
MLS # | 23-269158 |
Days on Market | 22 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.34 AC |
County | Los Angeles County |
Location
Building Information for 214 North Berendo Street
Lot Size0.34 AC
Payment Calculator
$16,463 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 214 North Berendo Street
Property History for 214 North Berendo Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 214 North Berendo Street
Taxable ValueLand$1,224,000Additions$306,000Total$1,530,000
Tax Record2023$18,766 ($1,564 / month)
Home Facts
Beds6Total Finished SqFt2,674 SqFtAbove Grade Finished SqFt2,674 SqFtStories1Lot Size7,500 SqFtStyleSingle Family ResidenceYear Built1921ZoningLAR3CountyLOS ANGELESAPN5518-026-008
Schools near 214 North Berendo Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Frank Del Olmo Elementary School PublicK to 5 | ||
Virgil Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
Academic Leadership Community School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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