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532 N Berendo St 4 Unit Apartment Building Offered at $1,974,581 CAD at a 6.23% Cap Rate Los Angeles, CA 90004
Investment Highlights
- Four unit property plus 1 non conforming unit. Great for residential financing!
- Three out of the five units delivered vacant. Incredible opportunity for owner user and/or investor!
- 7,505 SF R3 Lot allows for several uses including redevelopment, ED1, Adding ADU's and more
Executive Summary
532 N. Berendo Street is a five-unit apartment property (four units per title) situated on a 7,505 square foot corner lot in East Hollywood. The asset offers investors the ability to obtain residential financing, as it is reflected as a four-unit building on title, and may be delivered with up to THREE UNITS VACANT creating immediate upside through lease-up, renovation, or owner-user occupancy. Zoned R3 and located in a Tier 3 TOC area, the oversized lot provides significant value-add and redevelopment potential, including an ADU addition and possible ED1 eligibility (buyer to verify).
The unit mix is made up of Three 2B 1BA, One 3B, 1BA, and One non conforming 2B, 1BA.
Reach out for more information / Offering Memorandum.
The unit mix is made up of Three 2B 1BA, One 3B, 1BA, and One non conforming 2B, 1BA.
Reach out for more information / Offering Memorandum.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,974,581 CAD | Property Type | Multifamily |
| Price Per Unit | $493,645 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,428 SF |
| Cap Rate | 6.23% | No. Stories | 2 |
| Gross Rent Multiplier | 10.29 | Year Built | 1908 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $1,974,581 CAD |
| Price Per Unit | $493,645 CAD |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| Gross Rent Multiplier | 10.29 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| Building Size | 3,428 SF |
| No. Stories | 2 |
| Year Built | 1908 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 5520-006-004 | Improvements Assessment | $389,874 CAD |
| Land Assessment | $909,710 CAD | Total Assessment | $1,299,584 CAD |
Property Taxes
Parcel Number
5520-006-004
Land Assessment
$909,710 CAD
Improvements Assessment
$389,874 CAD
Total Assessment
$1,299,584 CAD
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532 N Berendo St
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