CD-2/R4
$85,484
$380.22
30
7,153
0.16
RTI
The LAAA Team along with The Liberow Group of Marcus and Millichap are pleased to present 311 South Berendo Street, a development site, in the 90020 zip code of Koreatown. One of the most desirable rental pockets in the city and within walking distance to many of city’s most popular restaurants and social centers such as Sweetgreens, Blue Bottle, Silverlake Ramen, and Quarters Korean Barbecue just to name a few!
The site is zoned C2-1/R4 and is ready-to-issue permits (RTI) for 30 units plus 391 square feet of ground floor retail. The unit count consists of (13)- 1 Bedroom and (17)- 2 Bedroom units with 3 of these units dedicated to Extremely Low Income. The stories consist of a common area roof deck over 5 stories of type IIIA residential over 1 story of type IA residential over 1 story of type IA commercial and parking and over 1 level of subterranean parking.
With a Walk Score of 94, the site is ideally located in a popular and dense rental market. Los Angeles' Koreatown is one of the densest neighborhoods in the United States and has the second most Korean population outside of Korea itself! The 2000 census counted an average of 42,611 people per square mile, the highest density of any community in Los Angeles County. In 2019, the city estimated the population to be 126,993 residents.