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120 N Berendo St, Los Angeles, CA 90004
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120 N Berendo St Los Angeles, CA 90004

$1,350,000 Sold Price as of 05/03/2022
  • 4 Beds
  • 2 Baths
  • 2,964 Sq.Ft.
Sold
$1,350,000 Sold Price as of 05/03/2022 Refinance Your Mortgage
Map preview of 120 N Berendo St, Los Angeles, CA 90004

Property Overview: 120 N Berendo St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,964 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The duplex investment opportunity is located in Koreatown. The property is being sold in "As-Is" condition. The property is two stories and the building is approximately 2,964 sq ft that is constructed over a 7500 sq ft lot. The building was built in 1922. Both units are approximately 1,482 sq ft and consist of 2 bedrooms and 1 bathroom. The TOP UNIT IS VACANT and is ideal for a owner user and or a developer. The bottom unit is paying $2200. The property has a three car garage located in the rear of the property and has ample open spaces for more in the back. An astute investor should view this opportunity as a rare chance to purchase this asset for a number of reasons. The top unit is currently vacant and is ideal for a owner user. Lock in on attractive low 30 year fixed financing. Additionally the lot is 7500 sq ft that has a LAR3 zoning with Tier 3 TOC that potentially allows to build up to 15 units on the property. Another direction an investor may choose to take is to add ADU's increasing the overall value of the property.

Listed by Meir Frydman | BRE #01910722 | KW Advisors
Last checked: 10 minutes ago | Last updated: May 4th, 2022 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1922
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
22142229
City
Los Angeles
County
Los Angeles
Time on Site
829 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $3,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.07
  • Gross Scheduled Income: --
  • Net Operating Income: $47,413
  • Gross Operating Income: $70,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 120 N Berendo St

Interior Features
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage - Three Door
Property Information
  • Has View
  • Total # of Units: 2
  • Parcel Number: 5518027007
  • Architectural Style: See Remarks
Location / Neighborhood
Location Information
  • Directions: South of Beverly, North of 1st, West of Vermont.
View more facts & features

Local Los Angeles Agent

Sale History for 120 N Berendo St

Last sold for $1,350,000 on May 3rd, 2022

  • May, 2022

  • May 3, 2022

    Date

    Sold

    CRMLS: 22142229

    $1,350,000

    Price

  • Mar 31, 2022

    Date

    Active

    CRMLS: 22142229

    $1,350,000

    Price

  • September, 2021

  • Sep 14, 2021

    Date

    Price Change

    CRMLS: 21773204

    $1,199,000

    Price

  • Aug 18, 2021

    Date

    Active

    CRMLS: 21773204

    $1,249,000

    Price

  • Listing provided courtesy of CRMLS

    Duplex located in convenient and central Koreatown. Building is 2,964 sf & Lot is 7,500 sf Zoned LAR3. Each unit is 3BD+2BA plus Den/Office and is approximately 1,482 sf. There are three enclosed garages with two additional surface area parking. Fully tenant occupied and subject to interior inspection. Tenants are long term and good standing. Profile shows 2BD+1BA each unit, buyer to perform due diligence. Property is in need of TLC. Property will be delivered with tenants in place.

  • July, 2021

  • Jul 1, 2021

    Date

    Expired

    CRMLS: 21683208

    $1,180,000

    Price

  • Apr 30, 2021

    Date

    Withdrawn

    CRMLS: 21683208

    $1,180,000

    Price

  • Apr 21, 2021

    Date

    Hold

    CRMLS: 21683208

    $1,180,000

    Price

  • Apr 21, 2021

    Date

    Active

    CRMLS: 21683208

    $1,180,000

    Price

  • Mar 22, 2021

    Date

    Hold

    CRMLS: 21683208

    $1,180,000

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: 21683208

    $1,180,000

    Price

  • Listing provided courtesy of CRMLS

    Good curb appeal duplex in Koreatown. Each unit has 3bed/2bath plus a den/office. Fixer. There are three enclosed garages with two additional surface parking area.

  • October, 2020

  • Oct 1, 2020

    Date

    Expired

    CRMLS: PW19209270

    $1,150,000

    Price

  • Feb 3, 2020

    Date

    Hold

    CRMLS: PW19209270

    $1,150,000

    Price

  • Dec 11, 2019

    Date

    Pending

    CRMLS: PW19209270

    $1,150,000

    Price

  • Nov 20, 2019

    Date

    Price Change

    CRMLS: PW19209270

    $1,150,000

    Price

  • Nov 4, 2019

    Date

    Price Change

    CRMLS: PW19209270

    $1,199,000

    Price

  • Sep 2, 2019

    Date

    Active

    CRMLS: PW19209270

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

    Location!! Location!! Location!! Price has reduced to sell!! Redevelopment opportunity in Korea town. This is the sale of duplex. It is 120 N Berendo Street, Los Angeles. Lot size is 7,500sqft. It is zoned in R3-1 and belong to Tier3. . All 2 units are occupied by tenants. They should be sold 'AS-IS' in its present condition. Buyer has to verify all information and permits to their own satisfaction and rely on their own findings. Please do not walk the premises and do not contact the tenants.This property is also for sale in Land section as Listing ID PW19209277

  • October, 2020

  • Oct 1, 2020

    Date

    Expired

    CRMLS: PW19209277

    $1,150,000

    Price

  • Feb 3, 2020

    Date

    Hold

    CRMLS: PW19209277

    $1,150,000

    Price

  • Dec 11, 2019

    Date

    Pending

    CRMLS: PW19209277

    $1,150,000

    Price

  • Nov 20, 2019

    Date

    Price Change

    CRMLS: PW19209277

    $1,150,000

    Price

  • Nov 4, 2019

    Date

    Price Change

    CRMLS: PW19209277

    $1,199,000

    Price

  • Sep 2, 2019

    Date

    Active

    CRMLS: PW19209277

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

    Location!! Location!! Location!! Price has reduced to sell!! Redevelopment opportunity Korea town. This is the sale of Duplex. It is 120 N Berendo Street, Los Angeles. Lot size is 7,500sqft. It is zoned in R3-1 and belong to Tier3. All 2 units are occupied by tenants. It should be sold 'AS-IS' in its present condition. Buyer has to verify all information and permits to their own satisfaction and rely on their own findings. Please do not walk the premises and do not contact the tenants. These properties are also for sale in Residential Income section as Listing ID PW19209270

  • September, 2019

  • Sep 2, 2019

    Date

    Canceled

    CRMLS: PW18126810

    $1,299,000

    Price

  • Aug 31, 2019

    Date

    Price Change

    CRMLS: PW18126810

    $1,299,000

    Price

  • Sep 14, 2018

    Date

    Price Change

    CRMLS: PW18126810

    $3,490,000

    Price

  • Jul 19, 2018

    Date

    Price Change

    CRMLS: PW18126810

    $3,590,000

    Price

  • May 30, 2018

    Date

    Active

    CRMLS: PW18126810

    $3,600,000

    Price

  • Listing provided courtesy of CRMLS

    Location!! Location!! Location!! Redevelopment opportunity Korea town. This is the sale of Duplex. It is 120 N Berendo Street, Los Angeles. Lot size is 7,500sqft. It is zoned in R3-1 and belong to Tier3. All 2 units are occupied by tenants. It should be sold 'AS-IS' in its present condition. Buyer has to verify all information and permits to their own satisfaction and rely on their own findings. Please do not walk the premises and do not contact the tenants. These properties are also for sale in Residential Income section as Listing ID PW18126796

  • September, 2019

  • Sep 2, 2019

    Date

    Canceled

    CRMLS: PW18126796

    $1,299,000

    Price

  • Aug 31, 2019

    Date

    Price Change

    CRMLS: PW18126796

    $1,299,000

    Price

  • Sep 14, 2018

    Date

    Price Change

    CRMLS: PW18126796

    $3,490,000

    Price

  • Jul 19, 2018

    Date

    Price Change

    CRMLS: PW18126796

    $3,590,000

    Price

  • May 30, 2018

    Date

    Active

    CRMLS: PW18126796

    $3,600,000

    Price

  • Listing provided courtesy of CRMLS

    Location!! Location!! Location!! Redevelopment opportunity in Korea town. This is the sale of duplex. It is 120 N Berendo Street, Los Angeles. Lot size is 7,500sqft. It is zoned in R3-1 and belong to Tier3. . All 2 units are occupied by tenants. They should be sold 'AS-IS' in its present condition. Buyer has to verify all information and permits to their own satisfaction and rely on their own findings. Please do not walk the premises and do not contact the tenants.This property is also for sale in Land section as Listing ID PW18126810

  • April, 2013

  • Apr 11, 2013

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

  • December, 2002

  • Dec 10, 2002

    Date

    Sold (Public Records)

    Public Records

    $465,000

    Price

Show More

Tax History for 120 N Berendo St

Assessed Value (2020): $619,284
Year Land Value Improved Value Assessed Value
2020 $591,138 $28,146 $619,284

Home Value Compared to the Market

This property vs the competition

120 N Berendo St sold on May 3, 2022 for 5.97% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $455.47 per/sqft which puts the price per square foot 42.42% lower than the current median sale per square foot for the city of Los Angeles.

About 120 N Berendo St

Detailed summary of property

120 N Berendo St is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 2,964 living square feet, and sits on an approximately 7,500 square foot lot. 120 N Berendo St was first listed on ArdentRealEstateGroup.com on April 1, 2022. The homeowner sold the property for $1,350,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 5.97% higher than the current median priced home. Local homes that are currently for sale include 4938 Maplewood Ave, 408 N La Fayette Park Pl and 920 S Kenmore Ave. While the average home in Los Angeles, CA is selling in 102 days, 120 N Berendo St has a days on market of 27 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 120 N Berendo St Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 120 N Berendo St

Public county record property details
Beds
4
Baths
2
Year built
1922
Sq. Ft.
2,964
Lot Size
7,500
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
92
APN
5518-027-007

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$764
Median Sold Price
$2,215,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
69
Median Sale to List Price %
110.81%
Avg Days on Market
24
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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