4 months on rocket

1116 S Berendo St Unit 1, Los Angeles, CA, 90006

$1,500,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
6 Baths
3,990 SqFt
$376/SqFt
House

Location

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1116 S Berendo St Unit 1, Los Angeles$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAssigned
Year Built1959
HeatingWall Furnace
CoolingNone
MLS #24409371
Lot Size0.14 Acres
StatusActive

About 1116 S Berendo St Unit 1

***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"

Property Details

Property Features

Property Information:

  • Year Built: 1959
  • Stories: 2
  • Living Area: 3,990 SqFt

Listing Office:

  • Office Name: New Star Realty
  • Office Phone: (213) 385-4989
  • Listing Agent: Kye Han

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: See Google Map

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $376/SqFt
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1116 S Berendo St Unit 1 vs Los Angeles

141 DAYS ON ROCKET

+103 Days

$1,500,000

+$476.5K More

$376/SqFt

-$265 Less

KEY TAKEAWAY

This property is $476.5K more than the Median Sold Price and $265/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24409371

Listing Office:

  • Office Name: New Star Realty
  • Office Phone: (213) 385-4989
  • Listing Agent: Kye Han

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-501062
2
/10

  • Politi Elementary School

  • 2481 W 11th St

  • 0.38 miles

  • Public District Grades KG-5

school-card-donut-501063
4
/10

  • Magnolia Avenue Elementary School

  • 1626 Orchard Ave

  • 0.57 miles

  • Public District Grades PK-5

school-card-donut-501064
3
/10

  • RFK Community Schools - Ambassador School of Global Education

  • 3201 W 8th St

  • 0.60 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,839. Typical income of Los Angeles, CA residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1116 S Berendo St Unit 1

What is the listing price of this property?

The listing price of 1116 S Berendo St Unit 1 property is $1,500,000.

What type of property is this?

The property 1116 S Berendo St Unit 1 is a house located in Los Angeles, California, 90006.

Is this property for sale now?

Active Listing: 1116 S Berendo St Unit 1 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1116 S Berendo St Unit 1 has 8 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 1116 S Berendo St Unit 1 is 3,990 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1116 S Berendo St Unit 1 is 1959.

Rocket Homes›California›Los Angeles County›Los Angeles›90006›1116 S Berendo St Unit 1

This home is located at 1116 S Berendo St Unit 1 in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 3,990 square foot home, which was built in 1959, sits on a 0.14 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 28, 2024 and is currently priced at $1,500,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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