1032 N Berendo St Los Angeles, CA 90029

$1,000,000 Sold Price as of 01/05/2021

9 Beds
10 Baths
5,146 Sq.Ft.

Off Market

$1,000,000 Sold Price as of 01/05/2021 Refinance Your Mortgage

Map preview of 1032 N Berendo St, Los Angeles, CA 90029

Property Overview: 1032 N Berendo St Los Angeles, CA has 9 bedrooms, 10 bathrooms, 5,146 living square feet and 6,249 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1032 N Berendo St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1032 N Berendo St

Last sold for $1,000,000 on January 5th, 2021

August, 2024
Aug 5, 2024

Date

Canceled

CRMLS: PW24101667

$1,900,000

Price
Jun 20, 2024

Date

Active

CRMLS: PW24101667

$1,900,000

Price
Listing provided courtesy of CRMLS

ACCEPTING BACK UP OFFERS, SERIOUS BUYERS ONLY, TIME SENSITIVE! A 9-unit apartment complex located in a desirable area of Los Angeles, CA with convenient access to shopping, dining, attractions, and entertainment. The apartment is spacious and is featured with 6- 1 bed, 1 bath units, 2 studios and a 1- unit with 2 bed, 2 bath. An attractive, investment opportunity for savvy investors. This property offers proximity to major transportation routes, allowing residents to explore the city's attractions and cultural landmarks. From shopping, to outdoor recreation and everything you need close by.

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April, 2024
Apr 3, 2024

Date

Canceled

CRMLS: PW24041959

$1,950,000

Price
Feb 29, 2024

Date

Active

CRMLS: PW24041959

$1,950,000

Price
Listing provided courtesy of CRMLS

Welcome to an exceptional investment opportunity in the heart of Los Angeles, California. This 9-unit apartment complex offers a potential for growth in one of the city's most coveted neighborhoods. Property Highlights: Prime Location: Situated in a highly desirable area of Los Angeles, this property offers convenient access to major attractions, including the renowned Hollywood Walk of Fame, upscale dining, shopping, and entertainment options. Diverse Unit Mix: This property boasts a diverse unit mix, featuring 6 spacious 1-bedroom, 1-bathroom units, 2 cozy studios, and 1 expansive 2-bedroom, 2-bathroom unit, catering to a variety of tenant preferences. Copper Plumbing Pipes: The property features copper plumbing pipes, offering durability, reliability, and peace of mind for both tenants and investors. New Water Heater: A newly installed water heater ensures efficient hot water supply throughout the complex, enhancing tenant comfort and satisfaction. Cosmetic Rehab Opportunity: Due to deferred maintenance, this property would benefit from a cosmetic rehab to restore its charm and maximize its potential. With the right improvements, investors can enhance the property's appeal and command higher rental rates, resulting in increased cash flow and long-term appreciation. Income Potential: Despite its current condition, this property presents an excellent opportunity for consistent rental income and long-term appreciation, given its strong rental history and high demand for housing in the area. Assigned Parking: Eight assigned parking spaces provide added convenience for residents and contribute to the property's appeal in a city where parking is at a premium. Well-Maintained: Meticulously maintained grounds and common areas create a welcoming atmosphere for residents, fostering a sense of community and pride of ownership. Location: Centrally located in Los Angeles, this property offers easy access to major transportation routes, allowing residents to explore the city's vibrant culture and attractions with ease. From world-class entertainment to outdoor recreation, everything you need is just moments away. Investment Potential: With its prime location, modern amenities, and diverse unit mix, this 9-unit apartment complex presents a rare opportunity for investors to capitalize on the dynamic Los Angeles rental market. Don't miss out on the chance to own a piece of this thriving neighborhood and unlock its full potential.

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February, 2024
Feb 15, 2024

Date

Canceled

CRMLS: 23304321

$1,950,000

Price
Aug 24, 2023

Date

Active

CRMLS: 23304321

$1,950,000

Price
Listing provided courtesy of CRMLS

1032 N Berendo Street is an eight-unit apartment community in East Hollywood (90029). The offering provides investors with a unique and rare opportunity to acquire an irreplaceable asset with meaningful rental upside in one of LA's most dynamic and stable markets. 1032 N Berendo Street was built in 1962 and has 5,146 square feet of improvements. The unit composition features one (1) 2 Bedroom / 2 Bathroom units, six (6) 1 Bedroom / 1 Bathroom units, and (1) Single apartment. The offering has one "guest room" built in 1962 and can be updated and permitted into a legal ninth unit. The property is sited on a +/- 6,249 square foot parcel, zoned LAR4. Covered parking is provided for eight vehicles. Gas and electrical utilities are separately metered and paid for by residents. Ownership completed the mandatory soft-story retrofit in 2020 and received the Certificate of Compliance from the City. As a bonus, future ownership can add immediate value as there are two vacant units. With its prime location in East Hollywood, 1032 N Berendo Street is an outstanding rental location for residents looking for immediate access to major Hollywood employers, services, and entertainment venues. Additionally, the proximity to world-class neighboring venues makes this an ideal investment for apartment operators seeking a stable investment opportunity along with long-term wealth preservation and appreciation.

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August, 2023
Aug 7, 2023

Date

Canceled

CRMLS: CV23077487

$2,250,000

Price
May 8, 2023

Date

Active

CRMLS: CV23077487

$2,250,000

Price
Listing provided courtesy of CRMLS

Amazing opportunity to manage a 9-unit apartment complex with full occupancy and value-add potential. 1032 N. Berendo Street is walking distance to LA City College, Metro Station, Children's Hospital of Los Angeles, Hollywood Presbyterian Hospital, Kaiser, Park, Metro station, and plenty of shopping centers and restaurants. Right next to the 101 fwy, a few miles from Hollywood, Koreatown, Downtown Los Angeles, Silver lake, and so much more. Conveniently located in a quiet residential area of East Hollywood, a population of 9,905,500, and people with a median household income of $74,000. EXECUTIVE SUMMARY A multi-family apartment complex in the heart of East Hollywood. A unique multi-family offering comprises of a family-managed apartment buildings with nine units that can be for an investor to oversee or an owner to occupy and lease out. Encompassing 9 fully occupied units with a mix of two-bed/one-bath and studio/one-bed/one-bath units, with ample land for a parking space for each unit, with room to make additional spaces to can be utilized as guest parking. The property is in a dense residential area of East Hollywood, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Hancock Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Sunset Boulevard. Also has hassle-free connectivity reaching Interstate 101 less than a mile. Well maintained, with incredible accessibility, This property is primed to offer an ideal investment opportunity to own a multi-family asset.

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January, 2021
Jan 5, 2021

Date

Sold (Public Records)

Public Records

$1,000,000

Price
May, 2020
May 28, 2020

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1032 N Berendo St

Assessed Value (2020): $176,756

Year	Land Value	Improved Value	Assessed Value
2020	$54,001	$122,755	$176,756

About 1032 N Berendo St

Detailed summary of property

1032 N Berendo St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90029 and last sold on January 5, 2021 for $1,000,000. This property has 9 bedrooms, 10 bathrooms, roughly 5,146 living square feet, and sits on an approximately 6,249 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 10.71% lower than the current median priced home. 1032 N Berendo St was last sold on January 5, 2021 for $1,000,000. Local nearby listings include 957 Manzanita St, 772 N Arthur Rd and 1265 N Harvard Blvd. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 1032 N Berendo St Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1032 N Berendo St

Public county record property details

Beds: 9
Baths: 10
Year built: 1962
Sq. Ft.: 5,146
Lot Size: 6,249
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 33
APN: 5538-021-016

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,058,000

Median List Price/Sq.Ft.

$705

Median Sold Price

$672,500

Median Sold Price/Sq.Ft.

$724

Total Inventory

Median Sale to List Price %

105.24%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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