724 S Berendo St Los Angeles, CA 90005

$5,000,000 Sold Price as of 02/08/2019

-- Beds
-- Baths
14,250 Sq.Ft.

Off Market

$5,000,000 Sold Price as of 02/08/2019 Refinance Your Mortgage

Map preview of 724 S Berendo St, Los Angeles, CA 90005

Property Overview: 724 S Berendo St Los Angeles, CA has -- bedrooms, -- bathrooms, 14,250 living square feet and 7,258 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

724 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 724 S Berendo St

Last sold for $5,000,000 on February 8th, 2019

February, 2019
Feb 8, 2019

Date

Sold

CRMLS: 18398016

$5,000,000

Price
Dec 21, 2018

Date

Pending

CRMLS: 18398016

$5,500,000

Price
Nov 10, 2018

Date

Active Under Contract

CRMLS: 18398016

$5,500,000

Price
Nov 7, 2018

Date

Active

CRMLS: 18398016

$5,500,000

Price
Oct 23, 2018

Date

Active Under Contract

CRMLS: 18398016

$5,500,000

Price
Oct 19, 2018

Date

Active

CRMLS: 18398016

$5,500,000

Price
Listing provided courtesy of CRMLS

Attention investors. Newer apartment complex in the highly desirable Koreatown area with good upside potential. The subject property improvements consist of a three-story (over parking) elevator-style apartment complex which contains 18-units and was constructed in 1992. The subject's unit mix is comprised of 3 studio, 6 one bedroom and 9 two bedroom units. Project amenities consist of a laundry room, controlled access and 19 onsite parking spaces.

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February, 2019
Feb 8, 2019

Date

Sold (Public Records)

Public Records

$5,000,000

Price
September, 2017
Sep 6, 2017

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 724 S Berendo St

Assessed Value (2020): $5,108,850

Year	Land Value	Improved Value	Assessed Value
2020	$3,570,000	$1,538,850	$5,108,850

About 724 S Berendo St

Detailed summary of property

724 S Berendo St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90005 and last sold on February 8, 2019 for $5,000,000. This property has -- bedrooms, -- bathrooms, roughly 14,250 living square feet, and sits on an approximately 7,258 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 346.43% higher than the current median priced home. 724 S Berendo St was last sold on February 8, 2019 for $5,000,000. Local nearby listings include 848 Irolo St #408, 700 S Ardmore Ave #402 and 425 S Kenmore Ave #311. 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 724 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 724 S Berendo St

Public county record property details

Beds: --
Baths: --
Year built: 1992
Sq. Ft.: 14,250
Lot Size: 7,258
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 22
APN: 5094-010-015

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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