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837 S Berendo St #1, Los Angeles, CA 90005
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837 S Berendo St #1 Los Angeles, CA 90005

$2,050,000
  • 48 Beds
  • 36 Baths
  • 5,732 Sq.Ft.
For Sale
$2,050,000 Get Pre-Qualified
Map preview of 837 S Berendo St #1, Los Angeles, CA 90005

Property Overview: 837 S Berendo St #1 Los Angeles, CA has 48 bedrooms, 36 bathrooms, 5,732 living square feet and 7,499 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: WELL MAINTAINED 6UNIT APPARTMEN BUILDING AT MID WILSHIRE AREA, 100% OCCUPIED CLOSE TO KOREA TOWN. ...A MUST SEE....The Seller just reduced to $2,050,000 from $2,490,000.

Listed by Joo Lee | BRE #01358449 | WIN Realty & Properties
Last checked: 15 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 293
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Home details

Lot Sq. Ft
7,499
HOA Dues
$0/mo
Year built
1972
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23290713
City
Los Angeles
County
Los Angeles
Time on Site
293 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 8
  • # of Baths: 6
  • Furnishing: Unfurnished
  • Actual Rent: $1,701
  • Total Rent: $10,700
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 17.95
  • Gross Scheduled Income: --
  • Net Operating Income: $66,400
  • Gross Operating Income: $128,400
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 837 S Berendo St #1

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Property Details for 837 S Berendo St #1

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Automatic Gate
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 6
  • Parcel Number: 5094014008
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: S OF 8TH ST / W OF VERMONT
View more facts & features

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Sale History for 837 S Berendo St #1

Last sold for $2,030,000 on October 31st, 2018

  • July, 2023

  • Jul 14, 2023

    Date

    Active

    CRMLS: 23290713

    $2,650,000

    Price

  • March, 2022

  • Mar 21, 2022

    Date

    Canceled

    CRMLS: 21101045

    $2,399,000

    Price

  • Nov 1, 2021

    Date

    Active

    CRMLS: 21101045

    $2,390,000

    Price

  • Listing provided courtesy of CRMLS

    WELL MAINTAINED 6UNIT APPARTMEN BUILDING AT MID WILSHIRE AREA, 100% OCCUPIED CLOSE TO KOREA TOWN. ...A MUST SEE....

  • December, 2018

  • Dec 14, 2018

    Date

    Sold

    CRMLS: 18369732

    $2,020,000

    Price

  • Oct 23, 2018

    Date

    Pending

    CRMLS: 18369732

    $2,050,000

    Price

  • Aug 27, 2018

    Date

    Price Change

    CRMLS: 18369732

    $2,050,000

    Price

  • Jul 30, 2018

    Date

    Active

    CRMLS: 18369732

    $2,070,000

    Price

  • Listing provided courtesy of CRMLS

    R4-2 Zoning. MANY UPGRADES 837 S. Berendo St is a 6 units multi-family apartment and located in LA's Koreatown, right near downtown in Los Angeles, CA 90005. This 5,732 square foot multi-family home sits on a 7,732 Square foot lot and features 6 units with 8beds and 7 baths. This property was built in 1972. Nearby schools include New Open World Academy, Ambassador School of Global Education and Korean Baptist Church School. The closest grocery stores are Han Nam Chain Super Market, Sunny Grocery, First Bargain and Shim's Bargain. Nearby coffee shops include Hamilton Cafe, Yummy Monster, and The Int'l Java Co. Nearby restaurants include Soot Bull Jeep, Ondal, and Nok Du Gol. 837 S Berendo St is near Seoul International Park, Normandie Park, and Lafayette Recreation Center.

  • October, 2018

  • Oct 31, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,030,000

    Price

  • March, 2005

  • Mar 9, 2005

    Date

    Sold (Public Records)

    Public Records

    $865,000

    Price

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Tax History for 837 S Berendo St #1

Assessed Value (2020): $2,070,900
Year Land Value Improved Value Assessed Value
2020 $1,448,400 $622,500 $2,070,900

Home Value Compared to the Market

This property vs the competition

837 S Berendo St #1 is listed 67.35% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $357.64 per/sqft which puts the price per square foot 53.79% lower than the median price per square foot for the city of Los Angeles.

About 837 S Berendo St #1

Detailed summary of property

837 S Berendo St #1 is a multi family located in Los Angeles, CA 90005 and is currently for sale. This multi family property offers 48 bedrooms, 36 bathrooms, roughly 5,732 living square feet, and sits on an approximately 7,499 square foot lot. 837 S Berendo St #1 was first listed on ArdentRealEstateGroup.com on July 14, 2023. The homeowner is currently asking $2,050,000 and was originally asking $2,650,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 67.35% higher than the median priced home. Local competing homes currently for sale include 946 S Kingsley Dr, 1100 Magnolia Ave and 1215 Elden Ave. While the average home in Los Angeles, CA is selling in 96 days, 837 S Berendo St #1 has a days on market of 293 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 837 S Berendo St #1 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 837 S Berendo St #1

Public county record property details
Beds
8
Baths
7
Year built
1972
Sq. Ft.
5,732
Lot Size
7,498
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5094-014-008

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
$835,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$621
Total Inventory
29
Median Sale to List Price %
100.14%
Avg Days on Market
62
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (16.67%), Other (0%)

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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.

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