Detailed Introduction Of This Home
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 1810 South Berendo Street. The subject property is located just north of Washington Boulevard and west of Vermont Avenue near Harvard Heights. Situated on a 4,662 square foot parcel, the property comprises of large units with excellent layouts. There is 36% rental upside through interior renovations. New Ownership has Potential to Add Accessory Dwelling Units (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential - Buyer to Verify. Units 1810 & 1810 3/4 are 1B/1B + Den. Market Rents Assume 1B/1B units converted to 1B/1B + Den as was done to units 1810 & 1810 3/4 The property offers investors a unique opportunity to acquire an asset well suited to provide investors with health returns and long term appreciation potential. The continued gentrification of the surrounding area along with the value-add potential for anew owner to renovate and achieve superior future returns moving forward makes 1810 South Berendo Street an excellent acquisition opportunity.**1810 South Berendo Street is being sold alongside 1806 South Berendo Street (2 Units). The Propertiesmay be sold together or individually.**