1116 South Berendo Street, Unit 1

Los Angeles, CA 90006

$1,500,000
Price
8
Beds
6
Baths
3,990 Sq. Ft.
$376 / Sq. Ft.
3,990
Sq. Ft.
$376
per Sq. Ft.

Description

Investor/developer This is the lowest priced property in the area for 6 units with lots of potential for a huge value add. Prime Opportunity in Koreatown, There is a significant upside in the current rents offering the new owner the ability to also remodel and make this a great cash flowing investment. this property boasts an excellent unit mix featuring (2) 2-bed/1-bath and (4) 1-bed/1-bath units. "this property is to be sold in as-is condition"Investor/developer This is the lowest priced property in the area for 6 units with lots of potential for a huge value add. Prime Opportunity in Koreatown, There is a significant upside in the current rents offering the new owner the ability to also remodel and make this a great cash flowing investment. this property boasts an excellent unit mix featuring (2) 2-bed/1-bath and (4) 1-bed/1-bath units. "this property is to be sold in as-is condition"
  1. Listed by Kye Han • DRE #01932078 • Brokerage DRE #01008039 • New Star Realty

Property Details for 1116 South Berendo Street, Unit 1

Zoning
LAR4
Parcel Number
5078026025
Total Units
6.0
Living Area
3990
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
100 %
Lot Size Area
6212
LISTING UPDATED: 07/05/2024 12:01 AM

Property Details for 1116 South Berendo Street, Unit 1

StatusActive
MLS #24-409371
Days on Market152
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.14 AC / 6,212 SF
CountyLos Angeles County

Building Information for 1116 South Berendo Street, Unit 1

Stories2Residences-Year Built1959Building Size-Lot Size0.14 AC / 6,212 SF

Property Information for 1116 South Berendo Street, Unit 1

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Mixed
  • Unit Number: 1
Contract Info
Contract Info
  • Financing: Cash To New Loan, Cash
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $134,400
  • Net Operating Income: $94,080.00
  • Gross Income: $134,400
  • Cap Rate: 6.30%
  • Gross Rent Multiplier: $11.20
  • Total Annual Expense: 40320
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1426
  • Lot Size Square Feet: 6212
  • Lot Size Dimensions: 46x135
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-28-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $6,800.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $4,400.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $241,161.00
  • Assessed Improvement Percent: 75.14
  • Assessed Land Value: $79,799.00
  • Assessed Land Percent: 24.86
  • Assessed Total Value: $320,960.00

Property History for 1116 South Berendo Street, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1116 South Berendo Street, Unit 1

Taxable ValueLand$75,915Additions$229,422Total$305,337
Tax Record2020$4,541 ($378 / month)
Home Facts
Total Finished SqFt3,990 SqFtAbove Grade Finished SqFt3,990 SqFtLot Size6,210 SqFtStyleMulti-Family Res (5+ Units)Year Built1959Year Renovated1959ZoningLAR4CountyLOS ANGELESAPN5078026025

Schools near 1116 South Berendo Street, Unit 1

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Leo Politi Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1116 South Berendo Street, Unit 1 is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on June 27, 2024 by New Star Realty, it's currently listed at $1,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Leo Politi Elementary School, Berendo Middle School and West Adams Preparatory High School. 1116 South Berendo Street, Unit 1 is a 8-bed, 6-bath, 3,990 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of New Star Realty, Kye Han, DRE #01932078

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.