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909 S Berendo St, Los Angeles, CA 90006
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909 S Berendo St Los Angeles, CA 90006

$2,400,000 Sold Price as of 10/04/2021
  • 10 Beds
  • 8 Baths
  • 5,905 Sq.Ft.
Sold
$2,400,000 Sold Price as of 10/04/2021 Refinance Your Mortgage
Map preview of 909 S Berendo St, Los Angeles, CA 90006

Property Overview: 909 S Berendo St Los Angeles, CA has 10 bedrooms, 8 bathrooms, 5,905 living square feet and 7,748 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Dream Realty is proud to present two building 11,837 square, fourteen-unit apartments located at 909 S. Berendo and 2998 James M. Wood Los Angeles California. They are located in the trendy and high growth area of Koreatown. Back on market after 30 years. This multifamily complex offers two buildings with two addresses. 8 unit multifamily structure at 911 S Berendo and 6 unit at 2998 W James M Wood. . The 8-unit consists of 6-One Bed and One Bath, 2- Two Bed and One Bath. The 6-unit consists of 1-One Bed and One Bath, 4-Two Bed and 1.5 Bath, and 1-Three Bed and two Bath. Below market rent, One or two car parking for all units. All units are fully occupied and all rents are on time. The apartment provides long-term investors with the opportunity to own an A Class Asset on a valuable piece of land in a prime Koreatown LA. Additionally, a buyer may consider enhancing the current building and taking advantage of the significant rental upside. This property provides an investor with the once in a life-time opportunity to purchase a highly attractive property, with strong income, in an absolutely irreplaceable location.

Listed by Harry HyunMo Chung | BRE #01999369 | Dream Realty Asset Mgt, Inc.
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
7,748
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21773872
City
Los Angeles
County
Los Angeles
Time on Site
1050 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $7,690
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,640
  • Total Rent: $3,330
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: --
  • Net Operating Income: $81,606
  • Gross Operating Income: $132,240
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 909 S Berendo St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 8
  • Parcel Number: 5094024004
Location / Neighborhood
Location Information
  • Directions: 911 S. Berendo
View more facts & features

Local Los Angeles Agent

Sale History for 909 S Berendo St

Last sold for $2,400,000 on October 4th, 2021

  • October, 2021

  • Oct 5, 2021

    Date

    Sold

    CRMLS: 21773872

    $2,400,000

    Price

  • Sep 3, 2021

    Date

    Active Under Contract

    CRMLS: 21773872

    $2,450,000

    Price

  • Aug 25, 2021

    Date

    Price Change

    CRMLS: 21773872

    $2,450,000

    Price

  • Aug 18, 2021

    Date

    Active

    CRMLS: 21773872

    $1,997,500

    Price

Tax History for 909 S Berendo St

Assessed Value (2020): $455,021
Year Land Value Improved Value Assessed Value
2020 $132,593 $322,428 $455,021

Home Value Compared to the Market

This property vs the competition

909 S Berendo St sold on October 4, 2021 for 92.31% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $414.9 per/sqft which puts the price per square foot 47.55% lower than the current median sale per square foot for the city of Los Angeles.

About 909 S Berendo St

Detailed summary of property

909 S Berendo St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 10 bedrooms, 8 bathrooms, roughly 5,905 living square feet, and sits on an approximately 7,748 square foot lot. 909 S Berendo St was first listed on ArdentRealEstateGroup.com on August 18, 2021. The homeowner sold the property for $2,400,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 92.31% higher than the current median priced home. Local homes that are currently for sale include 1100 Magnolia Ave, 1139 S Kingsley Dr and 1145 S Kingsley Dr. While the average home in Los Angeles, CA is selling in 100 days, 909 S Berendo St has a days on market of 17 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 909 S Berendo St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 909 S Berendo St

Public county record property details
Beds
10
Baths
8
Year built
1959
Sq. Ft.
5,905
Lot Size
7,747
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5094-024-004

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$604
Median Sold Price
$299,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
45
Median Sale to List Price %
100%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

Homes for Sale Near 909 S Berendo St

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Recently Sold Homes Near 909 S Berendo St

900 S Berendo St, Los Angeles, CA 90006
$1,600,000 Last Sold Price
17 Beds
10 Baths
3045 Sq.Ft.
900 S Berendo St
Los Angeles, CA 90006
2998 James M Wood Blvd, Los Angeles, CA 90006
$1,550,000 Last Sold Price
12 Beds
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2998 James M Wood Blvd
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932 S Berendo St, Los Angeles, CA 90006
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932 S Berendo St
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910 S Catalina St, Los Angeles, CA 90006
$1,730,000 Last Sold Price
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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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