$1,199,999

1050 S Berendo St Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated payment $7,593/month

Total Views 1,083
3 Beds
2 Baths
2,928 Sq Ft
$410 Price per Sq Ft

Highlights

  • Craftsman Architecture
  • No HOA
  • Separate Outdoor Workshop
  • Property is near public transit
  • Workshop
  • Cooling System Mounted To A Wall/Window

About This Home

Located in the heart of Korea Town this Charming 5 -unit Commercial complex features a great mix of residential properties amongst three separate structures on a High Density R-4-1 Zone with Upside potential . Four Bungalow style homes approximately 450 sq ft each and a Large 2 bedroom 1 bath Craftsman house at rear boasting approximately 1,128 sq ft of living space . Amenities include a large basement at rear that owner uses as a rumpus room /Office and work shed , plenty of common area for tenants and low maintenance on landscaping . These units are Fully occupied providing immediate rental income for the savvy investor . Property boast a competitive cap rate of 5.5% reflecting a strong income potential and investment viability in a rapidly growing neighborhood. Half a block south of Olympic blvd. within walking distance of Hannam chain market , Berendo Highschool and public transportation just to name a few

Listing Agent

Josephine San Lucas

KELLER WILLIAMS LARCHMONT Brokerage Phone: 562-843-8748 License #01308257 Listed on: 07/31/2025

KELLER WILLIAMS LARCHMONT

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 5,906 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition

Parking

  • On-Street Parking

Home Design

  • Craftsman Architecture
  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,928 Sq Ft Home
  • 1-Story Property
  • Workshop
  • Laminate Flooring
  • Laundry Room
  • Basement

Kitchen

  • Gas Oven
  • Gas Range
  • Ceramic Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Separate Outdoor Workshop

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Whole House Fan
  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 6657
  • Assessor Parcel Number 5078011013
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $5,000
  • Maintenance Expense $2,040
  • Other Expense $1,000
  • Water Sewer Expense $4,000
  • New Taxes Expense $15,000
  • Operating Expense $23,573
  • Gross Income $94,260
  • Net Operating Income $65,974

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • CapRate: 5.50
  • Price Per Unit: 240000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4000.00
  • Zoning: LAR-4-1
  • Architectural Style: Bungalow, Craftsman
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 5078011013
  • Year Built: 1895
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 409.84
  • Room Type: Basement, Workshop

Exterior Features

  • Other Structures: Workshop
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5906.00
  • Lot Size Acres: 0.1356

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 450 Square Feet
  • Average2 Bed Area: 1128 Square Feet
  • Gross Income: 94260.00
  • Gross Multiplier: 12.70
  • Gross Operating Income: 94260.00
  • Gross Scheduled Income: 94260.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 5906.0000 Square Feet
  • Maintenance Expense: 2040.00
  • Net Operating Income: 65974.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number Wall A C: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 23573.00
  • Other Expense: 1000.00
  • Other Expense Description: reserves
  • Rent Control: Yes
  • Total Actual Rent: 7855.00
  • Total Expenses: 23573.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Lot: 15
  • Tax Rate: 1.20
  • Tax Tract Number: 6657

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 Price Changed $1,199,999 0.0% $410 / Sq Ft
07/31/2025 07/31/25 For Sale $1,200,000 -- $410 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB25165321

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90006 Pico-Union

1050 S Berendo St, Los Angeles, CA

This home is located at 1050 S Berendo St, Los Angeles, CA 90006 and is currently priced at $1,199,999, approximately $409 per square foot. This property was built in 1895. 1050 S Berendo St is a home located in Los Angeles County with nearby schools including Leo Politi Elementary, Berendo Middle, and West Adams Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Josephine San Lucas
Listing Agent
Josephine San Lucas
Section Image
KELLER WILLIAMS LARCHMONT
(562) 843-8748