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

$1,360,000 Sold Price as of 07/09/2020
  • 10 Beds
  • 5 Baths
  • 5,925 Sq.Ft.
Sold
$1,360,000 Sold Price as of 07/09/2020 Refinance Your Mortgage
Map preview of 121 N Berendo St, Los Angeles, CA 90004

Property Overview: 121 N Berendo St Los Angeles, CA has 10 bedrooms, 5 bathrooms, 5,925 living square feet and 7,800 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime Koreatown location, Just South of Beverly. All two bedroom apartments from $1,034. Over 90% upside in rents. 4 garage spaces. Over 1,100 sq. ft. units (per assessor). 87 Walkscore - 72 Transitscore - 65 Bikescore. 7 minute walk to Vermont/Beverly Station. Seller states all units rehabbed in the last 5 years. Pitched roof and raised foundation. Main sewer line replaced 2019. Separately metered for gas and election. Laundry hook-ups (four of the five units).

Listed by Braemon Hanes | BRE #01230427 | Hanes Investment Rlty
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 80

Home details

Lot Sq. Ft
7,800
HOA Dues
$0/mo
Year built
1921
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR19275776
City
Los Angeles
County
Los Angeles
Time on Site
1269 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,208
  • Total Rent: $6,042
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.47%
  • Gross Rent Multiplier: 19.21
  • Gross Scheduled Income: $72,504
  • Net Operating Income: $34,437
  • Gross Operating Income: $71,054
  • Vacancy Allowance: $1,450
Annual Expense Breakdown
  • Total Operating Expense: $36,617
  • Electric: $0
  • Licenses: $339
  • New Taxes: $16,716
  • Trash: $0
  • Gardener: $900
  • Insurance: $5,067
  • Maintenance: $7,105
  • Professional Management: $2,842
  • Water/Sewer: $0

Property Details for 121 N Berendo St

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5518024013
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just South of Beverly
Neighborhood Information
  • Community Features: Biking, Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 121 N Berendo St

Last sold for $1,360,000 on July 10th, 2020

  • July, 2020

  • Jul 14, 2020

    Date

    Sold

    CRMLS: SR19275776

    $1,360,000

    Price

  • Feb 25, 2020

    Date

    Pending

    CRMLS: SR19275776

    $1,393,000

    Price

  • Feb 17, 2020

    Date

    Active

    CRMLS: SR19275776

    $1,393,000

    Price

  • Jan 23, 2020

    Date

    Price Change

    CRMLS: SR19275776

    $1,393,000

    Price

  • Dec 18, 2019

    Date

    Active Under Contract

    CRMLS: SR19275776

    $1,493,000

    Price

  • Dec 4, 2019

    Date

    Active

    CRMLS: SR19275776

    $1,493,000

    Price

  • July, 2020

  • Jul 10, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,360,000

    Price

  • December, 2015

  • Dec 16, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 121 N Berendo St

Assessed Value (2020): $433,349
Year Land Value Improved Value Assessed Value
2020 $264,019 $169,330 $433,349

Home Value Compared to the Market

This property vs the competition

121 N Berendo St sold on July 9, 2020 for 9.34% 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 $235.11 per/sqft which puts the price per square foot 70.28% lower than the current median sale per square foot for the city of Los Angeles.

About 121 N Berendo St

Detailed summary of property

121 N Berendo St is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 10 bedrooms, 5 bathrooms, roughly 5,925 living square feet, and sits on an approximately 7,800 square foot lot. 121 N Berendo St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,360,000. 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 9.34% higher than the current median priced home. Local homes that are currently for sale include 920 S Kenmore Ave, 408 N La Fayette Park Pl and 802 N Dillon St. While the average home in Los Angeles, CA is selling in 100 days, 121 N Berendo St has a days on market of 80 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 121 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 121 N Berendo St

Public county record property details
Beds
9
Baths
5
Year built
1921
Sq. Ft.
5,952
Lot Size
7,799
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
53
APN
5518-024-013

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
$1,195,000
Median List Price/Sq.Ft.
$764
Median Sold Price
$2,215,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
68
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%)

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Recently Sold Homes Near 121 N Berendo St

120 N Berendo St, Los Angeles, CA 90004
$1,350,000 Last Sold Price
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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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