$1,480,000
SOLD FEB 20, 2025

1116 S Berendo St Unit 1 Los Angeles, CA 90006

Pico-Union Neighborhood
8 Beds
6 Baths
3,990 Sq Ft
6,212 Sq Ft Lot

Recently Sold

$371 Per Sq Ft

6% Above List Price

14 Days on Market

About This Home

As of February 2025

***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"

Last Agent to Sell the Property

Kye Han

New Star Realty License #01932078 Listed on: 01/07/2025

New Star Realty

Last Buyer's Agent

Shawn Raoufpour

Gold Realty License #01425538

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,212 Sq Ft Lot
  • Lot Dimensions are 46x135

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,990 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5078-026-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3990
  • Lot Acreage: 0.1426
  • Lot Dimensions: 46x135
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 350.88

Exterior Features

  • Other Structures: None
  • Pool Description: Fenced
  • Pool: Yes
  • Roof: Composition, Shingle

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Assigned
  • Total Parking: 6

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 75.14
  • Assessed Improvement Value: 241161
  • Assessed Land Percent: 24.86
  • Assessed Land Value: 79799
  • Total Assessed Value: 320960
  • Assessor Parcel Number: 5078-026-025
  • Lot Size Area: 6212

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.42
  • Number Of Units: 6
  • Rent Control: 100
  • Total Annual Expense: 45628
  • Type Of Units: Apartment
  • Vacancy Rate: 100

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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
02/20/2025 02/20/25 Sold $1,480,000 +5.7% $371 / Sq Ft
01/21/2025 01/21/25 Pending -- -- --
01/07/2025 01/07/25 For Sale $1,400,000 -- $351 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-478331

The MLS