NOT LISTED FOR SALE

311 S Berendo St Los Angeles, CA 90020

Koreatown Neighborhood

Estimated Value: $2,063,000 - $2,399,349

8 Beds
4 Baths
4,248 Sq Ft
$529/Sq Ft Est. Value

Last Sold October 09, 2018

Last sale price $1,670,000 $393 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $14,132/month

15 Days on Market

About This Home

As of October 2018

Great income property or Great Development Opportunity for Motel or Apartment. 7153 SF lot zoned C-2 with TOC Tier 3 located in Prime Korea Town. Unit 311 1/2 renovated and ready to rent or perfect for owner occupancy. Each unit have separately metered for electricity and gas and washer/ dryer hook up. 9 side by side gated parking behind building.One unit can be delivered vacant.

Last Agent to Sell the Property

Jackie Chung

Dream Realty & Investments Inc License #02008205 Listed on: 08/21/2018

Last Buyer's Agent

Bo Kim

Compass License #01968218

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,563

Year Built

  • Built in 1922

Lot Details

  • 7,153

Interior Spaces

  • 4,248 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 9 Parking Spaces
  • Gated Parking

Additional Features

  • 7,153 Sq Ft Lot
  • Floor Furnace

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5502-006-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,563

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4248
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 397.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 9

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Value: 443621
  • Assessed Land Value: 528122
  • Assessor Parcel Number: 5502-006-019
  • Geocode Override: No
  • Lot Size Area: 7153

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 20000
  • Type Of Units: 4
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2018
Closed on
Oct 3, 2018
Sold by
Sp Berendo Llc
Bought by
311 Berendo Llc
Seller's Agent
Jackie Chung
Dream Realty & Investments Inc
Buyer's Agent
Bo Kim
Compass
List Price
$1,690,000
Sold Price
$1,670,000
Premium/Discount to List
-$20,000
-1.18%
Current Estimated Value
$2,248,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,587
Avg. Annual Appreciation
4.41%

Purchase Details

Closed on
Jan 17, 2014
Sold by
Chung Jackie L
Bought by
Sp Berendo Llc

Purchase Details

Listed on
Jul 10, 2013
Closed on
Jul 31, 2013
Sold by
Leone Moon Sook
Bought by
Chung Jackie J
Seller's Agent
Yong Wook Jin
Real Estate Source, Inc.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$929,000
Sold Price
$920,000
Premium/Discount to List
-$9,000
-0.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%

Purchase Details

Closed on
Nov 6, 2003
Sold by
Leone Jay
Bought by
Leone Moon Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2003
Sold by
Ko Joung Woong
Bought by
Leone Moon Sook

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2003
Sold by
Ko Sun Hee
Bought by
Ko Joung Woong

Purchase Details

Closed on
Oct 2, 2002
Sold by
Yoo Do Yeol and Yoo Jun Taik
Bought by
Ko Joung Woong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,200
Interest Rate
5.95%

Purchase Details

Closed on
Sep 26, 1995
Sold by
Cal Fed Service Corp
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,100
Interest Rate
7.97%

Purchase Details

Closed on
Aug 31, 1995
Sold by
Federal National Mortgage Association
Bought by
Yoo Do Yeol and You Jun Taik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,100
Interest Rate
7.97%

Purchase Details

Closed on
May 24, 1995
Sold by
Shin Chong Uk and Shin Jung Won
Bought by
California Federal Bank Fsb and California Fsla
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
311 Berendo Llc $1,670,000 Chicago Title Company
Sp Berendo Llc -- None Available
Chung Jackie J $920,000 Chicago Title Company
Leone Moon Sook -- First American Title Co
Leone Moon Sook $685,000 First American Title Co
Ko Joung Woong -- Fatcola
Ko Joung Woong $555,000 First American Title Co
Federal National Mortgage Association -- Southland Title
Yoo Do Yeol $205,318 Southland Title Corporation
California Federal Bank Fsb $203,162 Continental Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leone Moon Sook $513,750
Previous Owner Ko Joung Woong $416,200
Previous Owner Yeol Yoo Do $20,000
Previous Owner Yoo Do Yeol $92,000
Previous Owner Yoo Do Yeol $92,000
Previous Owner Yoo Do Yeol $60,000
Previous Owner Yoo De Yeol $228,000
Previous Owner Yoo Do Yeol $199,100
Closed Leone Moon Sook $102,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2018 10/09/18 Sold $1,670,000 -1.2% $393 / Sq Ft
08/21/2018 08/21/18 For Sale $1,690,000 +83.7% $398 / Sq Ft
09/17/2013 09/17/13 Sold $920,000 -1.0% $217 / Sq Ft
07/25/2013 07/25/13 Pending -- -- --
07/10/2013 07/10/13 For Sale $929,000 -- $219 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,563 $1,862,911 $1,416,706 $446,205
2024 $22,563 $1,826,384 $1,388,928 $437,456
2023 $22,132 $1,790,574 $1,361,695 $428,879
2022 $21,112 $1,755,466 $1,334,996 $420,470
2021 $20,843 $1,721,046 $1,308,820 $412,226
2019 $20,223 $1,670,000 $1,270,000 $400,000
2018 $12,331 $991,177 $538,684 $452,493
2016 $11,767 $952,690 $517,767 $434,923
2015 $11,598 $938,381 $509,990 $428,391
2014 $11,657 $920,000 $500,000 $420,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jackie Chung

    Dream Realty & Investments Inc

  • Bo Kim

    Buyer's Agent in 2018

    Bo Kim

    Compass

    (213) 588-3629

    3 in this area

    14 Total Sales

    Bo Kim
    Section Image

  • Y

    Seller's Agent in 2013

    Yong Wook Jin

    Real Estate Source, Inc.

    (213) 804-2206

    Yong Wook Jin
    Section Image

  • S

    Buyer's Agent in 2013

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 18-374892

The MLS

APN: 5502-006-019

California Los Angeles County Los Angeles 90004 Koreatown

311 S Berendo St, Los Angeles, CA

This home is located at 311 S Berendo St, Los Angeles, CA 90020 since 21 August 2018 and is currently estimated at $2,248,587, approximately $529 per square foot. This property was built in 1922. 311 S Berendo St is a home located in Los Angeles County with nearby schools including Frank Del Olmo Elementary School, Virgil Middle School, and Belmont High School.

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