NOT LISTED FOR SALE

932 S Berendo St Los Angeles, CA 90006

Koreatown Neighborhood
8 Beds
8 Baths
4,032 Sq Ft
4,201 Sq Ft Lot

Last Sold August 05, 2021

Last sale price $1,900,000 $471 Per Sq Ft

3 Days on Market

Highlights

  • Courtyard Views
  • Bathtub with Shower
  • 3 Car Garage
  • UCLA Community School Rated A-
  • Ceiling Fan

About This Home

As of August 2021

A Unique and Rare opportunity: Ponderosa Court. This investment property CAN BE PURCHASED WITH CRYPTOCURENCY ; SELLER IS ACCEPTING BOTH BITCOIN & OR ETHEREUM to transact. This multifamily complex is comprised of Two 4-unit multifamily structures (side-by-side) located in the trendy and high growth area of Koreatown. Each four-unit is comprised of 4-One Bedroom One Bathroom apartment homes. The 2 story walk-up style complexes were built in 1923 and exude 20s charm and unique character that separates these units from the Ordinary rental. The units are separately metered for gas and electric and benefit from a gated community courtyard equipped with a Smart Locker for residents Amazon packages and beyond. his corner location scores an incredible 94 on walkability, checking all boxes on what millennials are asking for. Currently, there are 5 units that have been held vacant for the new buyer to upgrade / rent at market rate. Select units have outdoor side areas that can be privatized. Furthermore, due to the layout of the property (separate garage structure) the new buyer can add value by completing up to 2 ADU units. This cost effective option will produce 2 additional income streams and significantly increase the underlying value of the asset. (buyer to conduct their own due diligence with the city of Los Angeles).

Last Agent to Sell the Property

Kevin Kawaoka, CCIM

NAI Capital, Inc. License #01733613 Listed on: 05/23/2021

NAI Capital, Inc.

Last Buyer's Agent

Scott Harvey

Figure 8 Realty License #01963157

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,201 Sq Ft Lot
  • Corners Of The Lot Have Been Marked

Parking

  • 3 Car Garage

Interior Spaces

  • 4,032 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Courtyard Views
  • Gas Cooktop

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms
  • Bathtub with Shower

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5094-025-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4032
  • Lot Acreage: 0.0964
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed
  • Appliances: Cooktop - Gas
  • Bedrooms: 8
  • Bathroom Features: Shower Over Tub
  • Kitchen Features: Counter Top
  • Total Bathrooms: 8.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 483.63

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Courtyard
  • View: Yes

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 3

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 470676
  • Assessed Land Percent: 70
  • Assessed Land Value: 1098246
  • Total Assessed Value: 1568922
  • Assessor Parcel Number: 5094-025-018
  • Lot Description: Corners Established
  • Lot Size Area: 4201

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.83
  • Number Of Units: 8
  • Total Annual Expense: 37728
  • Type Of Units: 8
  • Vacancy Rate: 1820

Range of Values:

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Sold Price
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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
08/05/2021 08/05/21 Sold $1,900,000 -2.6% $471 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/23/2021 05/23/21 For Sale $1,950,000 +29.3% $484 / Sq Ft
08/18/2017 08/18/17 Sold $1,508,000 -10.8% $374 / Sq Ft
06/07/2017 06/07/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $1,690,000 -- $419 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin Kawaoka, CCIM

    Seller's Agent in 2021

    Kevin Kawaoka, CCIM

    NAI Capital, Inc.

    (310) 806-6100

    2 in this area

    8 Total Sales

    Section Image
  • Scott Harvey

    Buyer's Agent in 2021

    Scott Harvey

    Figure 8 Realty

    (831) 915-4692

    1 in this area

    57 Total Sales

    Section Image
  • Michael Libow

    Seller's Agent in 2017

    Michael Libow

    Compass

    (310) 691-7889

    103 Total Sales

    Section Image

  • S

    Buyer's Agent in 2017

    Subscriber Non

    Non-Participant Office

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Map

Source: The MLS

MLS Number: 21-736474

The MLS

California Los Angeles County Los Angeles 90006 Koreatown

932 S Berendo St, Los Angeles, CA

This home is located at 932 S Berendo St, Los Angeles, CA 90006 since 23 May 2021. This property was built in 1923. 932 S Berendo St is a home located in Los Angeles County with nearby schools including UCLA Community School, Rfk Community Schools-Ambassador-Global Leadership, and Young Oak Kim Academy.

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