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207 S Berendo St, Los Angeles, CA 90004
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207 S Berendo St Los Angeles, CA 90004

$3,350,000 Sold Price as of 12/21/2021
  • 4 Beds
  • 24 Baths
  • 12,080 Sq.Ft.
Sold
$3,350,000 Sold Price as of 12/21/2021 Refinance Your Mortgage
Map preview of 207 S Berendo St, Los Angeles, CA 90004

Property Overview: 207 S Berendo St Los Angeles, CA has 4 bedrooms, 24 bathrooms, 12,080 living square feet and 9,359 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is the first time that this very well located 24 unit apartment building has been on the market since the early 1960’s! With billions of new retail/office/hotel and apartment building developments being built within several blocks of this asset, we expect 207 S. Berendo to sell very quickly! The Walk Score for the property is 96, which means that all daily needs are within walking distance. Transit lines are also a very short walk from the property. The property is offered at a very attractive price of $4.3M, which is only $179,167 per unit, and should yield an investor a solid return on their investment. The property was built in 1924. The units are very well laid out. The unit mix consists of 4-1bd/1ba units and 20-studios. The units are separately metered for electricity and master metered for gas and water. There is approximately 40% of rent upside. The roof looks like it is in very good condition. Most of the windows have been replaced. The property has a laundry room in the basement. The water heater looks like it is in very good condition. In general, the property has been well maintained over the years by the long term owner. Pride of ownership shows with this asset! Offering Memorandum included as a Supplement to this listing.

Listed by Martin Ensbury | BRE #00815392 | Keller Williams Beach Cities
Co-listed by Nicholas Ensbury | BRE #02012167 | Keller Williams Beach Cities
Last checked: 6 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 73

Home details

Lot Sq. Ft
9,359
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB21151640
City
Los Angeles
County
Los Angeles
Time on Site
1088 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 24
  • Total # of Buildings: 1
  • # of Leased Units: 21
  • # of Electric Meters: 24
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,067
  • Total Rent: $1,067
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 20
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,039
  • Total Rent: $1,039
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $302,969
  • Net Operating Income: $162,995
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $130,885
  • Electric: $1,478
  • Gas/Fuel: $6,895
  • New Taxes: $53,800
  • Trash: $8,258
  • Insurance: $6,040
  • Professional Management: $17,155
  • Water/Sewer: $23,104

Property Details for 207 S Berendo St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 21-25 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 24
  • Parcel Number: 5518022021
  • 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: North of 3rd St. between Normandie and Vermont
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 207 S Berendo St

Last sold for $3,350,000 on December 21st, 2021

  • July, 2021

  • Jul 12, 2021

    Date

    Active

    CRMLS: SB21151640

    $4,300,000

    Price

  • December, 1998

  • Dec 18, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 207 S Berendo St

Assessed Value (2020): $695,255
Year Land Value Improved Value Assessed Value
2020 $430,036 $265,219 $695,255

Home Value Compared to the Market

This property vs the competition

207 S Berendo St sold on December 21, 2021 for 237.52% 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 $355.96 per/sqft which puts the price per square foot 55% lower than the current median sale per square foot for the city of Los Angeles.

About 207 S Berendo St

Detailed summary of property

207 S Berendo St is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 4 bedrooms, 24 bathrooms, roughly 12,080 living square feet, and sits on an approximately 9,359 square foot lot. 207 S Berendo St was first listed on ArdentRealEstateGroup.com on July 12, 2021. The homeowner sold the property for $3,350,000. 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 237.52% higher than the current median priced home. Local homes that are currently for sale include 136 N Rampart Blvd, 4942 Maplewood Ave and 811 Kodak Dr. While the average home in Los Angeles, CA is selling in 100 days, 207 S Berendo St has a days on market of 73 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 207 S 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 207 S Berendo St

Public county record property details
Beds
--
Baths
--
Year built
1924
Sq. Ft.
12,080
Lot Size
9,359
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
32
APN
5518-022-021

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%)

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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