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

$1,900,000 Sold Price as of 08/05/2021
  • 8 Beds
  • 8 Baths
  • 4,032 Sq.Ft.
Sold
$1,900,000 Sold Price as of 08/05/2021 Refinance Your Mortgage
Map preview of 932 S Berendo St, Los Angeles, CA 90006

Property Overview: 932 S Berendo St Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,032 living square feet and 4,201 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A Unique and Rare opportunity: Ponderosa Court. This investment property CAN BE PURCHASED WITH CRYPTOCURENCY ; SELLER IS ACCEPTING BOTH BITCOIN & OR ETHEREUM to transact. This multifamily complex is comprised of Two 4-unit multifamily structures (side-by-side) located in the trendy and high growth area of Koreatown. Each four-unit is comprised of 4-One Bedroom One Bathroom apartment homes. The 2 story walk-up style complexes were built in 1923 and exude 20s charm and unique character that separates these units from the Ordinary rental. The units are separately metered for gas and electric and benefit from a gated community courtyard equipped with a Smart Locker for residents Amazon packages and beyond. his corner location scores an incredible 94 on walkability, checking all boxes on what millennials are asking for. Currently, there are 5 units that have been held vacant for the new buyer to upgrade / rent at market rate. Select units have outdoor side areas that can be privatized. Furthermore, due to the layout of the property (separate garage structure) the new buyer can add value by completing up to 2 ADU units. This cost effective option will produce 2 additional income streams and significantly increase the underlying value of the asset. (buyer to conduct their own due diligence with the city of Los Angeles).

Listed by Kevin Kawaoka | BRE #01733613 | NAI Capital, Inc.
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
4,201
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21736474
City
Los Angeles
County
Los Angeles
Time on Site
1087 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,468
  • Total Rent: $3,176
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.83
  • Gross Scheduled Income: --
  • Net Operating Income: $100,464
  • Gross Operating Income: $138,192
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 932 S Berendo St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Gas Cooktop
Interior Features
  • Ceiling Fan(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Corners Marked
Property Information
  • Has View
  • View: Courtyard
  • Total # of Units: 8
  • Parcel Number: 5094025018
Location / Neighborhood
Location Information
  • Directions: North of Olympic, South of Wilshire, West of Vermont, East of Normandie
View more facts & features

Local Los Angeles Agent

Sale History for 932 S Berendo St

Last sold for $1,900,000 on August 5th, 2021

  • September, 2021

  • Sep 16, 2021

    Date

    Sold

    CRMLS: 21736474

    $1,900,000

    Price

  • Jun 17, 2021

    Date

    Pending

    CRMLS: 21736474

    $1,950,000

    Price

  • May 25, 2021

    Date

    Active

    CRMLS: 21736474

    $1,950,000

    Price

  • September, 2021

  • Sep 8, 2021

    Date

    Canceled

    CRMLS: 21780080

    $1,695

    Price

  • Sep 8, 2021

    Date

    Active

    CRMLS: 21780080

    $1,695

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this spacious and newly renovated 1 bedroom 1 bath unit located in Koreatown. This unit in a small complex features lots of light, stainless steel fridge, hardwood floors, and AC unit. Just a short distance to metro, restaurants, markets, 10 & 110 freeways. Available Now! Pet-Friendly. $1,695 a month.

  • January, 2021

  • Jan 2, 2021

    Date

    Expired

    CRMLS: 20625182

    $2,050,000

    Price

  • Dec 8, 2020

    Date

    Withdrawn

    CRMLS: 20625182

    $2,050,000

    Price

  • Nov 3, 2020

    Date

    Active Under Contract

    CRMLS: 20625182

    $2,050,000

    Price

  • Oct 8, 2020

    Date

    Price Change

    CRMLS: 20625182

    $2,050,000

    Price

  • Sep 13, 2020

    Date

    Active

    CRMLS: 20625182

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    Charming 8-unit Spanish Colonial Revival property in the heart of Koreatown with WalkScore of 94. All units are 1BR/1BA townhouse-style with own entrances. 5 out 8 have been updated in the past 3 years. Detached 3-car garage provides a great opportunity to build 2 additional units (ADUs). Property can be sold fully leased with 4.6% cap rate or with 4 vacancies. Property has been approved for TIC unit sales and has a DRE White Public Report allowing the new owner to sell residential TIC interests which are estimated to be valued at $300,000 to $350,000 per unit.

  • August, 2017

  • Aug 19, 2017

    Date

    Sold

    CRMLS: 17222664

    $1,508,000

    Price

  • Jul 27, 2017

    Date

    Pending

    CRMLS: 17222664

    $1,690,000

    Price

  • Jun 7, 2017

    Date

    Active Under Contract

    CRMLS: 17222664

    $1,690,000

    Price

  • Apr 20, 2017

    Date

    Active

    CRMLS: 17222664

    $1,690,000

    Price

  • Listing provided courtesy of CRMLS

    TWO DISTINCTIVE SPANISH 4-PLEXES ON ONE LOT WITH APPX 120 FEET OF FRONTAGE AND SITED ON THE COVETED NORTHEAST CORNER OF BERENDO & SAN MARINO IN PRIME KOREATOWN. EACH UNIT IS 1BD 1BA. FEATURES INCLUDE WD FLRS, 3 CAR GARAGE, AND LOVELY CLASSIC WINDOWS. THE BENEFITS OF IMMENSE CURB APPEAL AND FUTURE UPSIDE CONTRIBUTE TO THE ALREADY GREAT VALUE. PLEASE DO NOT DISTURB TENANTS IN THIS FABULOUS FULLY OCCUPIED BUILDING. INTERIOR INSPECTIONS ONLY AFTER A MUTUALLY ACCEPTABLE OFFER IS EXECUTED.

  • August, 2017

  • Aug 18, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,508,000

    Price

  • October, 2007

  • Oct 18, 2007

    Date

    Sold (Public Records)

    Public Records

    $830,000

    Price

Show More

Tax History for 932 S Berendo St

Assessed Value (2020): $1,569,722
Year Land Value Improved Value Assessed Value
2020 $1,098,246 $471,476 $1,569,722

Home Value Compared to the Market

This property vs the competition

932 S Berendo St sold on August 5, 2021 for 63.87% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $483.63 per/sqft which puts the price per square foot 35.94% lower than the current median sale per square foot for the city of Los Angeles.

About 932 S Berendo St

Detailed summary of property

932 S Berendo St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,032 living square feet, and sits on an approximately 4,201 square foot lot. 932 S Berendo St was first listed on ArdentRealEstateGroup.com on May 25, 2021. The homeowner sold the property for $1,900,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 63.87% higher than the current median priced home. Local homes that are currently for sale include 1215 Elden Ave, 1100 Magnolia Ave and 1144 S Kingsley Dr. While the average home in Los Angeles, CA is selling in 94 days, 932 S Berendo St has a days on market of 1 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 932 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 932 S Berendo St

Public county record property details
Beds
8
Baths
8
Year built
1923
Sq. Ft.
4,032
Lot Size
4,200
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5094-025-018

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.
$602
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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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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