NOT LISTED FOR SALE

357 S Berendo St Los Angeles, CA 90020

Koreatown Neighborhood

Estimated Value: $1,805,000 - $3,138,000

13 Beds
8 Baths
6,342 Sq Ft
$427/Sq Ft Est. Value

Last Sold September 02, 2016

Last sale price $1,675,000 $264 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $16,618/month

71 Days on Market

About This Home

As of September 2016

Great zoning for development. Rare to have 3 bedrooms and 2 bath!!! Very Spacious. Convenient Location. Currently produce very good income yet still have potential to go for more!Buyer to investigate and verify all the information. Do Not Disturb Tenants, PLEASE! Located heart of K town. Closed to Downtown and Beverly Hills.Hot spot for rent! Always rent out quickly.

Last Agent to Sell the Property

Sun Kyung Chang

TNG Real Estate Consultants License #01950848 Listed on: 05/01/2016

TNG Real Estate Consultants

Last Buyer's Agent

Jodi Bell Ticknor

Compass License #01918079

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,612

Year Built

  • Built in 1921

Lot Details

  • 7,774

Home Design

  • 6,342 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Parking

  • 7 Parking Spaces
  • Tandem Parking
  • Automatic Gate
  • Assigned Parking

Utilities

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

Additional Features

  • Oven or Range
  • Gas And Electric Dryer Hookup
  • 7,774 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5502-006-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,612

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6342
  • Year Built: 1921
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 13
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Gas Or Electric Dryer Hookup, Range/Oven
  • Price Per S Q F T: 268.05

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned, Auto Driveway Gate, Garage - 4+ Car, Tandem
  • Total Parking: 7

Utilities

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

Lot Info

  • Assessed Improvement Value: 407992
  • Assessed Land Value: 917982
  • Assessor Parcel Number: 5502-006-012
  • Geocode Override: No
  • Lot Size Area: 7774

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 23.00
  • Number Of Units: 4
  • Total Annual Expense: 26675
  • Type Of Units: Quadplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2016
Closed on
Aug 31, 2016
Sold by
Just Property Investment Llc
Bought by
Bourne Richard P and Bourne Jennifer S
Seller's Agent
Sun Kyung Chang
TNG Real Estate Consultants
Buyer's Agent
Jodi Bell Ticknor
Compass
List Price
$1,750,000
Sold Price
$1,675,000
Premium/Discount to List
-$75,000
-4.29%
Current Estimated Value
$2,709,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,034,846
Avg. Annual Appreciation
5.48%
Original Mortgage
$1,340,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 18, 2015
Closed on
Oct 6, 2015
Sold by
Kim Daniel Seong
Bought by
Just Property Investment Llc
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Sun Kyung Chang
TNG Real Estate Consultants
List Price
$1,220,000
Sold Price
$1,100,000
Premium/Discount to List
-$120,000
-9.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.17%

Purchase Details

Listed on
Aug 18, 2015
Closed on
Sep 23, 2015
Sold by
Oh Seon A
Bought by
Kim Michael David
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Sun Kyung Chang
TNG Real Estate Consultants
List Price
$1,220,000
Sold Price
$1,100,000
Premium/Discount to List
-$120,000
-9.84%

Purchase Details

Listed on
Aug 18, 2015
Closed on
Sep 11, 2015
Sold by
U S Bank National Association
Bought by
Kim Daniel Seong and Kim Michael
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Sun Kyung Chang
TNG Real Estate Consultants
List Price
$1,220,000
Sold Price
$1,100,000
Premium/Discount to List
-$120,000
-9.84%

Purchase Details

Closed on
Jul 23, 2015
Sold by
Kim David Kwangson
Bought by
Us Bank National Association

Purchase Details

Closed on
Oct 4, 2013
Sold by
Park Jungeun
Bought by
Kim David Kwangsoon

Purchase Details

Closed on
Jun 1, 2008
Sold by
Kim David Kwangsoon and Kim Eun Jip
Bought by
Park Jungeun

Purchase Details

Closed on
Jan 5, 2006
Sold by
Kim David Kwangsoon
Bought by
Kim Eun Jip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2005
Sold by
Kim Yvonne Young
Bought by
Kim David Kangsoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2005
Sold by
Cho Jae Sung and Cho Hee Seon
Bought by
Kim David Kwangsoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2005
Sold by
Oh Jin Gyu
Bought by
Cho Jae Sung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2004
Sold by
Hong Kyong Hun
Bought by
Oh Jin Gyu

Purchase Details

Closed on
Feb 13, 2004
Sold by
Oh Sung H
Bought by
Oh Jin Gyu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,600
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2003
Sold by
Hong Sung Yun and Hong Young Ju
Bought by
Oh Jin Gyu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,600
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Bourne Richard P $1,675,000 Old Republic Title Company
Just Property Investment Llc -- None Available
Kim Michael David -- Title 365 Company
Kim Daniel Seong -- Title 365 Company
Kim Daniel Seong $1,155,000 Title365 Company
Us Bank National Association $1,283,468 Accommodation
Kim David Kwangsoon -- None Available
Kim David Kwangsoon -- None Available
Park Jungeun $100,000 None Available
Kim Eun Jip $156,500 Chicago Title Company
Kim David Kangsoon -- Chicago Title Company
Kim David Kwangsoon -- Chicago Title Company
Cho Jae Sung -- --
Oh Jin Gyu -- --
Oh Jin Gyu -- Chicago Title
Oh Jin Gyu -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bourne Richard P $1,130,000
Closed Bourne Richard P $1,340,000
Previous Owner Kim David Kwangsoon $937,500
Previous Owner Cho Jae Sung $275,000
Previous Owner Oh Jin Gyu $629,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2016 09/02/16 Sold $1,675,000 -1.5% $264 / Sq Ft
05/31/2016 05/31/16 Price Changed $1,700,000 -2.9% $268 / Sq Ft
05/01/2016 05/01/16 For Sale $1,750,000 +59.1% $276 / Sq Ft
09/28/2015 09/28/15 Sold $1,100,000 -9.8% $173 / Sq Ft
09/04/2015 09/04/15 Pending -- -- --
08/18/2015 08/18/15 For Sale $1,220,000 -- $192 / 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 $23,612 $1,943,976 $1,360,203 $583,773
2024 $23,612 $1,905,860 $1,333,533 $572,327
2023 $23,162 $1,868,491 $1,307,386 $561,105
2022 $22,098 $1,831,854 $1,281,751 $550,103
2021 $21,801 $1,795,936 $1,256,619 $539,317
2019 $21,153 $1,742,669 $1,219,348 $523,321
2018 $20,982 $1,708,500 $1,195,440 $513,060
2016 $14,302 $1,155,000 $800,000 $355,000
2015 $16,342 $1,325,974 $917,982 $407,992
2014 $16,412 $1,300,000 $900,000 $400,000
Source: Public Records

Agents Affiliated with this Home

  • Sun Kyung Chang

    Seller's Agent in 2016

    Sun Kyung Chang

    TNG Real Estate Consultants

    (213) 507-1616

    5 Total Sales

    Sun Kyung Chang
    Section Image
  • Jodi Bell Ticknor

    Buyer's Agent in 2016

    Jodi Bell Ticknor

    Compass

    (310) 428-7724

    23 Total Sales

    Jodi Bell Ticknor
    Section Image
  • Sebastian Stofenmacher

    Seller's Agent in 2015

    Sebastian Stofenmacher

    Edgestone Real Estate, Inc.

    (818) 464-5113

    100 Total Sales

    Sebastian Stofenmacher
    Section Image
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Map

Source: The MLS

MLS Number: 16-124896

The MLS

APN: 5502-006-012

California Los Angeles County Los Angeles 90020 Koreatown

357 S Berendo St, Los Angeles, CA

This home is located at 357 S Berendo St, Los Angeles, CA 90020 since 01 May 2016 and is currently estimated at $2,709,846, approximately $427 per square foot. This property was built in 1921. 357 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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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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