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1116 S Berendo St, Los Angeles, CA 90006
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1116 S Berendo St Los Angeles, CA 90006

$1,500,000
  • 8 Beds
  • 6 Baths
  • 3,990 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified
Map preview of 1116 S Berendo St, Los Angeles, CA 90006

Property Overview: 1116 S Berendo St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,990 living square feet and 6,212 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: ***INVESTOR/DEVELOPER***This is the lowest priced property in the area for 6 units with lots of potential for a huge value add. Prime Opportunity in Koreatown, There is a significant upside in the current rents offering the new owner the ability to also remodel and make this a great cash flowing investment. this property boasts an excellent unit mix featuring (2) 2-bed/1-bath and (4) 1-bed/1-bath units. "this property is to be sold in as-is condition"

Listed by Kye Han | BRE #01932078 | New Star Realty
Last checked: 9 minutes ago | Last updated: July 2nd, 2024 | Source CRMLS | DOM: 5
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Home details

Lot Sq. Ft
6,212
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24409371
City
Los Angeles
County
Los Angeles
Time on Site
4 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $6,800
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $4,400
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.3%
  • Gross Rent Multiplier: 11.2
  • Gross Scheduled Income: --
  • Net Operating Income: $94,080
  • Gross Operating Income: $134,400
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1116 S Berendo St

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Property Details for 1116 S Berendo St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 6
  • Parcel Number: 5078026025
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: See Google Map
View more facts & features

Local Los Angeles Agent

Sale History for 1116 S Berendo St

View property's historical transactions

  • June, 2024

  • Jun 27, 2024

    Date

    Active

    CRMLS: 24409371

    $1,500,000

    Price

Tax History for 1116 S Berendo St

Assessed Value (2020): $305,757
Year Land Value Improved Value Assessed Value
2020 $75,915 $229,842 $305,757

Home Value Compared to the Market

This property vs the competition

1116 S Berendo St is listed 21.36% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $375.94 per/sqft which puts the price per square foot 51.49% lower than the median price per square foot for the city of Los Angeles.

About 1116 S Berendo St

Detailed summary of property

1116 S Berendo St is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 8 bedrooms, 6 bathrooms, roughly 3,990 living square feet, and sits on an approximately 6,212 square foot lot. 1116 S Berendo St was first listed on ArdentRealEstateGroup.com on June 28, 2024. The homeowner is currently asking $1,500,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.36% higher than the median priced home. Local competing homes currently for sale include 1225 S Normandie Ave, 848 S Normandie Ave and 1109 S Ardmore Ave. While the average home in Los Angeles, CA is selling in 99 days, 1116 S Berendo St has a days on market of 5 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1116 S Berendo St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1116 S Berendo St

Public county record property details
Beds
8
Baths
6
Year built
1959
Sq. Ft.
3,990
Lot Size
6,210
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
5078-026-025

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$604
Median Sold Price
$299,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
45
Median Sale to List Price %
100%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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