37
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$1,499,000
Est. payment /mo
3 Beds
2 Baths
1,635 SqFt
Active
210 N Berendo Street Los Angeles, CA 90004
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,635 sqft
Price per Sqft $916
MLS Listing ID CL25525441
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1921
Lot Size 7,502 Sqft
Acres 0.1722
Property Sub-Type Single Family Residence
Property 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 proc
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Laundry See Remarks
Exterior
Pool See Remarks
Total Parking Spaces 1
Private Pool false
Building
Story 1
Architectural Style See Remarks
Level or Stories One Story
New Construction No
Others
Tax ID 5518026009
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Listed by Meir Frydman • KW SELA
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289