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210 N Berendo St
For Sale Call for Pricing
Call for Pricing
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 7,502 Sq Ft
Description
The subject property for sale is 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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| Property Type | Lots/Land |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | Unknown |
| Year Built | 0 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5518026009 |
| MLS # | Unknown |
| Property ID | 321563130 |
| Lot Sqft | 7,502 |
| Zoning | LAR3 |
| Days on Market | 247 |
| Original List Price | Unknown |
| Date Updated | April 14, 2025 |
| Date Created | December 31, 1969 |
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- America/Phoenix
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