700 S Berendo St Los Angeles, CA 90005

$55,500 Sold Price as of 03/09/2015

-- Beds
-- Baths
19,370 Sq.Ft.

Off Market

$55,500 Sold Price as of 03/09/2015 Refinance Your Mortgage

Map preview of 700 S Berendo St, Los Angeles, CA 90005

Property Overview: 700 S Berendo St Los Angeles, CA has -- bedrooms, -- bathrooms, 19,370 living square feet and 8,886 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

700 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 $1,200,000. The median price per/sqft for Los Angeles is $768. 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 $240,000 for the down payment and will need roughly $24,000 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 700 S Berendo St

Last sold for $55,500 on March 9th, 2015

May, 2023
May 24, 2023

Date

Expired

CRMLS: 23235617

$9,700,000

Price
Jan 23, 2023

Date

Active

CRMLS: 23235617

$9,700,000

Price
Listing provided courtesy of CRMLS

Built in 1989, not subject to LA Rent Control. Significant (20%) upside in rents that can be raised up to 10%/year. 14.1 x Gross & 4.4% cap with existing rents. 11.7 x Gross & 5.7% cap with rents at market. Existing loan is $5,500,000 at 3.25% fixed until 8/1/26, payable interest only until 8/1/23, due 8/1/2051. 4% cash on cash return at closing; 7.3% cash on cash with rents at market.

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March, 2015
Mar 9, 2015

Date

Sold (Public Records)

Public Records

$55,500

Price
August, 2007
Aug 3, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 700 S Berendo St

Assessed Value (2020): $6,102,907

Year	Land Value	Improved Value	Assessed Value
2020	$4,269,376	$1,833,531	$6,102,907

About 700 S Berendo St

Detailed summary of property

700 S Berendo St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90005 and last sold on March 9, 2015 for $55,500. This property has -- bedrooms, -- bathrooms, roughly 19,370 living square feet, and sits on an approximately 8,886 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 95.04% lower than the current median priced home. 700 S Berendo St was last sold on March 9, 2015 for $55,500. Local nearby listings include 848 Irolo St #408, 425 S Kenmore Ave #311 and 700 S Ardmore Ave #402. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 700 S Berendo St Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 700 S Berendo St

Public county record property details

Beds: --
Baths: --
Year built: 1989
Sq. Ft.: 19,370
Lot Size: 8,886
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 26
APN: 5094-010-019

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$850,000

Median List Price/Sq.Ft.

$655

Median Sold Price

$695,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

92.79%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (0%), VA (0%), Cash (0%), Other (12.5%)

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