420 S Berendo St Los Angeles, CA 90020

$499,000 Sold Price as of 02/13/2012

8 Beds
4 Baths
5,664 Sq.Ft.

Off Market

$499,000 Sold Price as of 02/13/2012 Refinance Your Mortgage

Map preview of 420 S Berendo St, Los Angeles, CA 90020

Property Overview: 420 S Berendo St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 5,664 living square feet and 8,251 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

420 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 420 S Berendo St

Last sold for $499,000 on February 13th, 2012

January, 2019
Jan 1, 2019

Date

Expired

CRMLS: 18374972

$2,795,000

Price
Oct 9, 2018

Date

Price Change

CRMLS: 18374972

$2,795,000

Price
Aug 12, 2018

Date

Active

CRMLS: 18374972

$2,900,000

Price
Listing provided courtesy of CRMLS

RARE Development Opportunity in K-town with R4-1 zoning and 8,251 SF LOT! Can Build up to 36 Units without TOC and located in Tier 3 Zoning! With TOC in place, can build up to 70% more with 20% low housing income units. One unit is vacant and 3 units are occupied with month to month lease. Hurry this project will not last!!!

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June, 2018
Jun 15, 2018

Date

Expired

CRMLS: SR17275185

$2,390,000

Price
Feb 1, 2018

Date

Withdrawn

CRMLS: SR17275185

$2,390,000

Price
Jan 27, 2018

Date

Active

CRMLS: SR17275185

$2,390,000

Price
Dec 27, 2017

Date

Hold

CRMLS: SR17275185

$2,390,000

Price
Dec 14, 2017

Date

Active

CRMLS: SR17275185

$2,390,000

Price
Listing provided courtesy of CRMLS

MAJOR CLOUDED TITLE. STUCK IN COURT FOR 1 YEAR! CAN NOT BE SOLD -- 1920s vintage apartment building located in the heart of Koreatown. Spacious units over 1400 square foot each, all units have formal dining rooms, laundry rooms, hardwood floors. The apartments need updates, best suited for a buyer that wants to renovate and increase rents. One unit will be delivered vacant at close of escrow. The building is approximately 5664 square foot, situated on a 8251 square foot lot per assessor, R4 zoning-excellent for development. The property offers residents a dynamic location with 93 walk Score, close to dining, nightlife, and cultural amenities in Koreatown while also offering easy accessibility to neighboring employment centers and lifestyle amenities in places like Downtown Los Angeles, Hollywood, West Hollywood, Beverly Hills, Silver Lake, Echo Park.

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February, 2018
Feb 21, 2018

Date

Expired

CRMLS: SR17260478

$2,390,000

Price
Feb 5, 2018

Date

Withdrawn

CRMLS: SR17260478

$2,390,000

Price
Nov 20, 2017

Date

Active

CRMLS: SR17260478

$2,390,000

Price
Listing provided courtesy of CRMLS

K-town Development Site! Build 36 Units (By Right)! $66k/Unit! Subject property is located in Tier 3 TOC Zone! Can build up to 36 Units by right. See TOC regulations (Transit Oriented Communities). Additional 70% density bonus awarded if up to 23% of new development is dedicated to affordable housing. Un-entitled development opportunity on lot zoned LAR4-1. Parking requirement is only 0.5 spaces per unit. FAR 3:1 increased to FAR 4.5:1. No height restrictions. Approx. projected rental revenue of $600k+ at completion of new development. Currently operates as a 4 unit building. 3 units are occupied with $57,768 gross income. One unit will be delivered vacant at close of escrow.

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February, 2012
Feb 13, 2012

Date

Sold (Public Records)

Public Records

$499,000

Price
April, 2011
Apr 29, 2011

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 420 S Berendo St

Assessed Value (2020): $732,163

Year	Land Value	Improved Value	Assessed Value
2020	$556,446	$175,717	$732,163

About 420 S Berendo St

Detailed summary of property

420 S Berendo St is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90020 and last sold on February 13, 2012 for $499,000. This property has 8 bedrooms, 4 bathrooms, roughly 5,664 living square feet, and sits on an approximately 8,251 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 55.45% lower than the current median priced home. 420 S Berendo St was last sold on February 13, 2012 for $499,000. Local nearby listings include 210 N Berendo St, 525 S Ardmore Ave #320 and 525 S Ardmore Ave #234. 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 420 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 420 S Berendo St

Public county record property details

Beds: 8
Baths: 4
Year built: 1920
Sq. Ft.: 5,664
Lot Size: 8,251
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 72
APN: 5502-010-004

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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