311 S Berendo St Los Angeles, CA 90020

$1,670,000 Sold Price as of 10/09/2018

9 Beds
7 Baths
4,248 Sq.Ft.

Off Market

$1,670,000 Sold Price as of 10/09/2018 Refinance Your Mortgage

Map preview of 311 S Berendo St, Los Angeles, CA 90020

Property Overview: 311 S Berendo St Los Angeles, CA has 9 bedrooms, 7 bathrooms, 4,248 living square feet and 7,153 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

311 S 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 $1,209,000. 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 $241,800 for the down payment and will need roughly $24,180 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 311 S Berendo St

Last sold for $1,670,000 on October 9th, 2018

August, 2021
Aug 1, 2021

Date

Expired

CRMLS: 20657688

$2,650,000

Price
Jul 16, 2021

Date

Withdrawn

CRMLS: 20657688

$2,650,000

Price
Nov 9, 2020

Date

Active

CRMLS: 20657688

$2,650,000

Price
Listing provided courtesy of CRMLS

We are pleased to present 311 South Berendo Street, a development site, in the 90020 zip code of Koreatown. One of the most desirable rental pockets in the city and within walking distance to many of city's most popular restaurants and social centers such as Sweetgreens, Blue Bottle, Silverlake Ramen, and Quarters Korean Barbecue just to name a few! The site is zoned C2-1/R4 and is ready-to-issue permits (RTI) for 30 units plus 391 square feet of ground floor retail. The unit count consists of (13)- 1 Bedroom and (17)- 2 Bedroom units with 3 of these units dedicated to Extremely Low Income. The stories consist of a common area roof deck over 5 stories of type IIIA residential over 1 story of type IA residential over 1 story of type IA commercial and parking and over 1 level of subterranean parking. With a Walk Score of 94, the site is ideally located in a popular and dense rental market. Los Angeles' Koreatown is one of the densest neighborhoods in the United States and has the second most Korean population outside of Korea itself! The 2000 census counted an average of 42,611 people per square mile, the highest density of any community in Los Angeles County. In 2019, the city estimated the population to be 126,993 residents.

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January, 2021
Jan 12, 2021

Date

Canceled

CRMLS: 20540904

$2,699,000

Price
Oct 23, 2020

Date

Withdrawn

CRMLS: 20540904

$2,699,000

Price
Oct 8, 2020

Date

Price Change

CRMLS: 20540904

$2,699,000

Price
Mar 25, 2020

Date

Price Change

CRMLS: 20540904

$2,999,950

Price
Jan 7, 2020

Date

Active

CRMLS: 20540904

$3,150,000

Price
Listing provided courtesy of CRMLS

Rosano Partners are pleased to present a great development opportunity to build 30 units apartment - C2 zoning /R4 Tier3, total net rentable size of 22,145 SF in Prime Korea Town. The subject property plan offers a unit mix of thirteen 1-bedroom+1 bathroom, Seventeen 2-bedroom+2 bathroom with one commercial unit of 391 SF. With open/common space of 3,555 SF, 14 standard, 2 ADA parking, and 26 Bike parking, the subject property allows tenants to benefit from the local offerings in Koreatown. Entitlement/RTI coming very soon. Buyer to verify all information.

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December, 2019
Dec 10, 2019

Date

Expired

CRMLS: 19508594

$3,100,000

Price
Sep 30, 2019

Date

Price Change

CRMLS: 19508594

$3,100,000

Price
Sep 9, 2019

Date

Active

CRMLS: 19508594

$3,300,000

Price
Listing provided courtesy of CRMLS

Great opportunity to build 30-unit mixed 1 beds(13) and 2 beds(17) luxury Apartment in excellent location in Korea town. C2/ R4-2 Zoning at TOC tier 3. zoning net sf will be 25,279 sf. The project is currently in the process of receiving approved entitlements, Entitlement date: December 2019 and Ellis Act Permit. Demolition ready. The property can be delivered vacant at the Close of Escrow. Stories: Common area roof deck over 5 stories type IIIA residential over 1 story type IA residential over 1 story type IA commercial and parking over 1 level subterranean parking. Rent estimates: 1-bedroom $2,100; 2-bedroom $2,600; commercial $3psf per month

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October, 2018
Oct 10, 2018

Date

Sold

CRMLS: 18374892

$1,670,000

Price
Sep 7, 2018

Date

Active Under Contract

CRMLS: 18374892

$1,690,000

Price
Aug 21, 2018

Date

Active

CRMLS: 18374892

$1,690,000

Price
Listing provided courtesy of CRMLS

Great income property or Great Development Opportunity for Motel or Apartment. 7153 SF lot zoned C-2 with TOC Tier 3 located in Prime Korea Town. Unit 311 1/2 renovated and ready to rent or perfect for owner occupancy. Each unit have separately metered for electricity and gas and washer/ dryer hook up. 9 side by side gated parking behind building.One unit can be delivered vacant.

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October, 2018
Oct 9, 2018

Date

Sold (Public Records)

Public Records

$1,670,000

Price
September, 2018
Sep 7, 2018

Date

Canceled

CRMLS: 18377636

$2,250

Price
Aug 20, 2018

Date

Active

CRMLS: 18377636

$2,250

Price
Listing provided courtesy of CRMLS

REMODELED LOVELY UNIT. PRIME IN KOREA TOWN. 1080SF. UNITS ARE HARDWOOD FLOOR. UNIT HAS LAUNDRY HOOK-UP INSIDE. VERY CONVENIENT LOCATION NEAR TO TRANSPORTATION, RESTAURANT, SHOPPING CENTER AND MARKET. Available for immediate move-in. Comes with 2 parking spaces.

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January, 2014
Jan 23, 2014

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 311 S Berendo St

Assessed Value (2020): $1,703,400

Year	Land Value	Improved Value	Assessed Value
2020	$1,295,400	$408,000	$1,703,400

About 311 S Berendo St

Detailed summary of property

311 S Berendo St is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90020 and last sold on October 9, 2018 for $1,670,000. This property has 9 bedrooms, 7 bathrooms, roughly 4,248 living square feet, and sits on an approximately 7,153 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 49.11% higher than the current median priced home. 311 S Berendo St was last sold on October 9, 2018 for $1,670,000. Local nearby listings include 101 S Mariposa, 241 N Catalina St and 525 S Ardmore Ave #320. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 311 S Berendo St Los Angeles, CA 90020 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 311 S Berendo St

Public county record property details

Beds: 9
Baths: 7
Year built: 1922
Sq. Ft.: 4,248
Lot Size: 7,153
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 60
APN: 5502-006-019

The source for these homes facts are from public records.

90020 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$795,000

Median List Price/Sq.Ft.

$673

Median Sold Price

$661,000

Median Sold Price/Sq.Ft.

$656

Total Inventory

Median Sale to List Price %

94.56%

Avg Days on Market

Loan Type

Conventional (0%), FHA (11.11%), VA (0%), Cash (0%), Other (11.11%)

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(714) 706-1823

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