
Mid-Wilshire, LAR3, TOC T4 | 210 N Berendo St
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Mid-Wilshire, LAR3, TOC T4 210 N Berendo St Terrain 0,07 ha À vendre 1 313 918 € Los Angeles, CA 90004



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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 7500± SF (0.17 ACRES) LOT
- Build 6 Small Lot Homes - Subdivision / AB 1287 Density Bonus
- CHIP Incentives for Multiple Build out Potentials
- Build 50+ Units - ED1 (Affordable Housing)
- Property currently generating $72,000 a year
- Within 0.2 miles from the Metro Line Station
RÉSUMÉ ANALYTIQUE
The Frydman Group of Keller Williams Commercial, as the exclusive listing agent, is proud to present for sale a prime development opportunity located at 210 N Berendo Street, Los Angeles CA 90004.
Located just 0.2 Miles away from the Metro Red Line Station at Beverly and Vermont, tenants can benefit from the great location and numerous eateries nearby. Zoned LAR3-1 with a lot area of 7500 sq. ft., the site offers multiple development options under current zoning and recent legislative incentives. This site presents significant upside potential through various development pathways, including maximizing density through ED1 affordable housing incentives or Small Lot Subdivisions. The Citywide Housing Incentive Program (CHIP) Ordinance enables streamlined project review procedures and introduces new incentives for eligible project types in order to expand access to affordable housing near transit, jobs, along corridors, and in higher opportunity areas. Through ED-1 you can potentially build 50+ units. Please consult a qualified architect, structural engineer, and dry utility consultant to verify the physical feasibility and ensure compliance with relevant building codes and standards. A savvy investor also benefits from of the current cash flow the property is generating through the current tenant in place while going through the planning and development process. Property currently has a Family Child Care tenant that is paying $6,000 per month ($72,000 year) and the term is set to expire at the end of March 2026. As a result of the neighborhood’s charm and desirability, there is robust demand for housing and long-term rent growth. The asset’s location along with the development incentives are an excellent acquisition for a developer or long term investor.
Located just 0.2 Miles away from the Metro Red Line Station at Beverly and Vermont, tenants can benefit from the great location and numerous eateries nearby. Zoned LAR3-1 with a lot area of 7500 sq. ft., the site offers multiple development options under current zoning and recent legislative incentives. This site presents significant upside potential through various development pathways, including maximizing density through ED1 affordable housing incentives or Small Lot Subdivisions. The Citywide Housing Incentive Program (CHIP) Ordinance enables streamlined project review procedures and introduces new incentives for eligible project types in order to expand access to affordable housing near transit, jobs, along corridors, and in higher opportunity areas. Through ED-1 you can potentially build 50+ units. Please consult a qualified architect, structural engineer, and dry utility consultant to verify the physical feasibility and ensure compliance with relevant building codes and standards. A savvy investor also benefits from of the current cash flow the property is generating through the current tenant in place while going through the planning and development process. Property currently has a Family Child Care tenant that is paying $6,000 per month ($72,000 year) and the term is set to expire at the end of March 2026. As a result of the neighborhood’s charm and desirability, there is robust demand for housing and long-term rent growth. The asset’s location along with the development incentives are an excellent acquisition for a developer or long term investor.
INFORMATIONS SUR L’IMMEUBLE
1 LOT DISPONIBLE
Lot
Prix | 1 313 918 € | Surface du lot | 0,07 ha |
Prix par ha | 18 857 234,56 € |
Prix | 1 313 918 € |
Prix par ha | 18 857 234,56 € |
Surface du lot | 0,07 ha |
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Très praticable à pied (89)
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Mid-Wilshire, LAR3, TOC T4 | 210 N Berendo St
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