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545 N Berendo St Los Angeles, CA 90004

$825,000 Sold Price as of 01/29/2021

6 Beds
5 Baths
2,033 Sq.Ft.

Sold

$825,000 Sold Price as of 01/29/2021 Refinance Your Mortgage

Map preview of 545 N Berendo St, Los Angeles, CA 90004

Property Overview: 545 N Berendo St Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,033 living square feet and 9,352 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property is sitting on a lot of over 9,300 sq. ft. with currently 2 units and zoned R3, which allows for additional units to be built. Hardwood floors throughout both units with a 2 car garage. This property is right next to the 101 Freeway, 3 minutes away from Los Angeles City College and 3 minutes away from the Vermont/Beverly Metro Station. Great opportunity to invest in a highly sought after location, with a potential cap rate of 6-7%.

Listed by Louis Chavez | BRE #01949822 | Century 21 Allstars

Last checked: 11 minutes ago | Last updated: January 11th, 2023 | Source CRMLS | DOM: 40

Home details

Lot Sq. Ft: 9,352
HOA Dues: $0/mo
Year built: 2000
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: DW20246655
City: Los Angeles
County: Los Angeles
Time on Site: 1255 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Leased Units: 1
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 3
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,800
Total Rent: $2,800
Pro Forma/Market Rent: $3,100

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,950

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $33,600
Net Operating Income: $27,952
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $5,648
New Taxes: $4,648
Trash: $0
Insurance: $1,000
Water/Sewer: $0

Property Details for 545 N Berendo St

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 4

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 2
Parcel Number: 5520007024
Year Built Source: Public Records
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: South of the 101 Freeway and West of N Vermont Ave.

Neighborhood Information

Community Features: Curbs, Sidewalks

View more facts & features

Local Los Angeles Agent

Sale History for 545 N Berendo St

Last sold for $825,000 on January 29th, 2021

August, 2022
Aug 23, 2022

Date

Canceled

CRMLS: MB22118893

$1,199,000

Price
Jun 2, 2022

Date

Active

CRMLS: MB22118893

$1,199,000

Price
Listing provided courtesy of CRMLS

Duplex in the heart of Los Angeles sitting on over 9,000 sq. Seller recently updated both units. Unit 1 is a 3/2, unit 2 is a 3/3 with a two-car detached garage. Seller has submitted plans and paid for permits to add two additional units, expected to have permits issued any day. Plans and permits are included in the sale. Excellent opportunity for an investor looking in a highly sought-after location. Don't let this opportunity pass you by.

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May, 2022
May 19, 2022

Date

Canceled

CRMLS: MB22018642

$1,189,000

Price
Jan 30, 2022

Date

Active

CRMLS: MB22018642

$1,189,000

Price
Listing provided courtesy of CRMLS

Duplex in the heart of Los Angeles sitting on over 9,000 sq. Seller recently updated both units. Unit 1 is a 3/2, unit 2 is a 3/3 with a two-car detached garage. Excellent opportunity for an investor looking in a highly sought after location, the property is zoned R3, the seller has plans drawn and submitted for approval with the city, for an additional two units. Don't let this opportunity pass you by.

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May, 2021
May 19, 2021

Date

Active

CRMLS: MB21107056

$1,295,000

Price
Listing provided courtesy of CRMLS

Duplex in the heart of Los Angeles sitting on over 9,000 sq. Seller recently updated both units. Unit 1 is a 3/2, unit 2 is a 3/3 with a two car detached garage. Excellent opportunity for an investor looking in a highly sought after location, the property is zoned R3, the seller has plans drawn for an additional two units. Don't let this opportunity pass you by.

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February, 2021
Feb 1, 2021

Date

Sold

CRMLS: DW20246655

$825,000

Price
Jan 6, 2021

Date

Active Under Contract

CRMLS: DW20246655

$825,000

Price
Jan 5, 2021

Date

Active

CRMLS: DW20246655

$825,000

Price
Dec 23, 2020

Date

Active Under Contract

CRMLS: DW20246655

$825,000

Price
Dec 4, 2020

Date

Price Change

CRMLS: DW20246655

$825,000

Price
Dec 4, 2020

Date

Active

CRMLS: DW20246655

$900,000

Price
Dec 2, 2020

Date

Pending

CRMLS: DW20246655

$900,000

Price
Nov 25, 2020

Date

Active

CRMLS: DW20246655

$900,000

Price
January, 2021
Jan 29, 2021

Date

Sold (Public Records)

Public Records

$825,000

Price
October, 2020
Oct 16, 2020

Date

Expired

CRMLS: 19537822

$895,000

Price
Oct 7, 2020

Date

Active

CRMLS: 19537822

$895,000

Price
Apr 23, 2020

Date

Pending

CRMLS: 19537822

$895,000

Price
Apr 6, 2020

Date

Active

CRMLS: 19537822

$895,000

Price
Apr 3, 2020

Date

Active Under Contract

CRMLS: 19537822

$895,000

Price
Mar 26, 2020

Date

Price Change

CRMLS: 19537822

$895,000

Price
Mar 23, 2020

Date

Price Change

CRMLS: 19537822

$915,000

Price
Mar 20, 2020

Date

Active

CRMLS: 19537822

$965,000

Price
Jan 8, 2020

Date

Pending

CRMLS: 19537822

$965,000

Price
Dec 20, 2019

Date

Active

CRMLS: 19537822

$965,000

Price
Listing provided courtesy of CRMLS

Great New Price!, One empty unit one with tenant paying $2,597. Projected gross income $59,964 with a Gross Rent Multiplier of 14.9 Built in 2000, this LAR3 zoned duplex has great development potential. Each unit one with 3 bedroom / 3 bath and the other 3 bedroom and 2 bath are equipped with central air conditioning / heat and laundry hookups. Located in a spacious cul-de sac. These two units sit on an approximate 9,352 sq.ft. lot. Ideal as an owner user property. close to Los Angeles City College, adjacent to Hollywood, Silver Lake and quick access to Downtown L.A. Gross Income based on actual & projected income.

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November, 2019
Nov 26, 2019

Date

Canceled

CRMLS: 19525552

$1,045,000

Price
Nov 13, 2019

Date

Price Change

CRMLS: 19525552

$1,045,000

Price
Oct 30, 2019

Date

Active

CRMLS: 19525552

$1,095,000

Price
Listing provided courtesy of CRMLS

Development potential!!! Nearby the Metro Station!! Duplex built in 2000. One unit is 3+3 and other is 3+2...each with central heat and air and laundry hook ups for each unit. Plenty of space in cul-de-sac property. Zoning is LAR3...over 9000 lot size according to assessor. Build 11 units and property will pay for itself while you entitle....this property can also be a great owner user home!!....Nearby Los Angeles City College, adjacent to Hollywood and Silver Lake and easy access to Downtown LA.

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December, 2018
Dec 11, 2018

Date

Expired

CRMLS: IN18247103

$1,000,000

Price
Nov 7, 2018

Date

Active

CRMLS: IN18247103

$1,000,000

Price
Nov 6, 2018

Date

Hold

CRMLS: IN18247103

$1,000,000

Price
Oct 11, 2018

Date

Active

CRMLS: IN18247103

$1,000,000

Price
Listing provided courtesy of CRMLS

Great 2 unit property in the City of Los Angeles NOT UNDER RENT CONTROL. Both units were built in year 2000. Front unit consist of 3 bedrooms & 3 baths, Back unit is a 3 bedroom & 2 bath. Perfect opportunity to live in one and rent the other, or rent both, with great income potential. Property is centrally located and within 5 miles of Hollywood Walk of Fame, Griffith Observatory, Downtown LA, Dodger’s Stadium, Chinatown, Walt Disney Concert Hall, art studios, theaters, museums, shopping centers & parks. Easy access to the 101 FWY that connects to all other major freeways and much more.

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December, 2017
Dec 1, 2017

Date

Canceled

CRMLS: DW17107066

$849,000

Price
Sep 1, 2017

Date

Pending

CRMLS: DW17107066

$849,000

Price
Jul 27, 2017

Date

Price Change

CRMLS: DW17107066

$849,000

Price
Jun 13, 2017

Date

Active

CRMLS: DW17107066

$850,000

Price
Jun 1, 2017

Date

Pending

CRMLS: DW17107066

$850,000

Price
May 15, 2017

Date

Active

CRMLS: DW17107066

$850,000

Price
Listing provided courtesy of CRMLS

Perfect Duplex for first time home buyers or investors! Good fit for a developer! Zoned R3 Potential to build up to 11 UNITS! Non rent control Located in Hollywood, just a few streets from Koreatown Recently built in the year 2000. No rent control on this one!!! Two spacious side by side units! One unit is 3 bedrooms and 3 bath, the other unit is 3 bedrooms and 2 bath. Both feature central air, newer roof, copper plumbing, dual pane windows and newer stucco, This property has a huge lot of 9,393sqft also zoned R3. Centrally located in all the city attractions that Los Angeles has to offer. Come take a look today!

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June, 1997
Jun 13, 1997

Date

Sold (Public Records)

Public Records

$10,000

Price

Tax History for 545 N Berendo St

Assessed Value (2020): $352,517

Year	Land Value	Improved Value	Assessed Value
2020	$175,663	$176,854	$352,517

Home Value Compared to the Market

This property vs the competition

545 N Berendo St sold on January 29, 2021 for 26.99% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $405.8 per/sqft which puts the price per square foot 46.18% lower than the current median sale per square foot for the city of Los Angeles.

About 545 N Berendo St

Detailed summary of property

545 N Berendo St is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 2,033 living square feet, and sits on an approximately 9,352 square foot lot. 545 N Berendo St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $825,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 26.99% lower than the current median priced home. Local homes that are currently for sale include 1137 S Union Ave, 1543 W 22nd Pl and 1466 W 22nd St. While the average home in Los Angeles, CA is selling in 99 days, 545 N Berendo St has a days on market of 40 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 545 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 545 N Berendo St

Public county record property details

Beds: 5
Baths: 5
Year built: 2000
Sq. Ft.: 2,033
Lot Size: 9,392
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 37,38
APN: 5520-007-024

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

$1,075,000

Median Sold Price/Sq.Ft.

$764

Total Inventory

Median Sale to List Price %

93.56%

Avg Days on Market

Loan Type

Conventional (14.29%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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.