1115 N Berendo St Los Angeles, CA 90029

$1,800,000
Los Angeles, CA   90029
0 Beds, 0.0 Baths, 0 sq ft, 6,750 sq ft lot, Built in 0
1115 N Berendo St, Los Angeles, CA 90029 Photo 0
1115 N Berendo St, Los Angeles, CA 90029 Photo 1
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0 Beds,
0.0 Baths,
0 sq ft,
6,750 sq ft lot
Built in 0

Description

MLS# 19488658

Prime Location Hollywood location. Across the street from the Metro. Build up to 30 units with TOC bonus. TOC IS APPLICABLE ON THIS PARCEL. Located in the QOZ (major tax break on long term developer/Holder in 1031 X-change). Parcel does have a "D" Restriction on it; lowing the FAR...BUT TOC brings the FAR back up to 2.75:1 of build-able lot square footage. There is NO minimum requirement for parking when TOC tier 4 is applied. Rents in the area for newly built nicer shinier complex are over $3.5 per sqft. 1 of the units is owner occupied; the other is tenant occupied.Please call listing agent for Offering Memorandum & Showings.. Listed by Edgar Aslanyan, Berkshire Hathaway Home Service.

Description

MLS# 19488658

Prime Location Hollywood location. Across the street from the Metro. Build up to 30 units with TOC bonus. TOC IS APPLICABLE ON THIS PARCEL. Located in the QOZ (major tax break on long term developer/Holder in 1031 X-change). Parcel does have a "D" Restriction on it; lowing the FAR...BUT TOC brings the FAR back up to 2.75:1 of build-able lot square footage. There is NO minimum requirement for parking when TOC tier 4 is applied. Rents in the area for newly built nicer shinier complex are over $3.5 per sqft. 1 of the units is owner occupied; the other is tenant occupied.Please call listing agent for Offering Memorandum & Showings.. Listed by Edgar Aslanyan, Berkshire Hathaway Home Service.

Area
AREA: C20 - Hollywood
COUNTY: LA
Building Info
VIEW: None
Community
HOA DUES 1: 0.00
Land
ZONE: LAR4
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Nearby cities:    South Gate    South Pasadena    Huntington Park    Cudahy    Commerce    Bell