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$ 1,099,000
Est. payment /mo
Active
1165 N Berendo Los Angeles, CA 90029
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25047565
Property Sub-Type Lots/Land
Property Description
1165 N Berendo St is an incredible opportunity to build a new construction multi-unit development in East Hollywood, walking distance to Silver Lake's Sunset Junction! 1165 N Berendo St is an SB-8 EXEMPT, NON-RENT CONTROLLED, OPPORTUNITY ZONE, FLAT, LARD1.5-1XL-zoned lot: an increasingly rare find in the LA landscape. With limited SB-8 exempt properties available, this is a prime chance to build without tenant relocation delays or replacement unit requirementssaving both time and money. Situated just off Vermont and Sunset, this location offers unbeatable walkability to some of the citys most popular spots. Future tenants will love being steps from gourmet coffee at Go Get Em Tiger, brunch at Square One, and casual eats at HomeState and Maru Coffee. A short walk takes you to LA City College (a magnet for student renters), the Vermont/Sunset Metro Station for easy access to Downtown or Universal City (a draw for professional renters), and the bustling Kaiser Permanente medical campus. (ideal for medical staff who want to stay nearby and travel nurses). Barnsdall Art Park, Erewhon, and Sunset Junction are also less than a mile away, making this location as trendy as they come! With such strong demand for housing in this pocket of the city, new construction here is sure to command premium rents. The LARD1.5 zoning allows for 4 residential units (+ potential for ADU's), and with Executive Directive 1 (ED-1) incentives, theres potential to maximize density and build more units than a traditional project. As the city continues pushing for more housing, ED-1 developments in prime
Location
State CA
County Los Angeles
Direction Located on Berendo between Fountain and Santa Monica
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 5540023012
Listed by Lauren Cearley Myunits.com Inc.