232 S Berendo St
Los Angeles, CA 90004 (Wilshire Center / Koreatown)
$1,880,000

232 S Berendo St
Los Angeles, CA 90004

(Wilshire Center / Koreatown)
  • 8 baths
  • 7,165 sqft
  • 8,969 sqft lot size
  • Multi-Family
Off Market · Sold on Jul 19, 2017
$1,880,000
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  • See the local terrain and how close this home is to parks and main streets.

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  • 59 Elementary Schools

    28 Middle Schools

    28 High Schools

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  • High crime relative to the rest of Los Angeles county.

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  • 77% of residents commute by car.

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  • 552 Restaurants

    54 Grocery stores

    118 Nightlife

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Off Market · Sold on Jul 19, 2017

Home Details

Overview
  • Multi-Family
  • 8 Baths
  • Built in 1925
  • 8,969 sqft lot size
  • 7,165 sqft
Description

This property is no longer available to rent or buy. This description is from June 01, 2017
This charming building, located in Los Angeles' highly sought after and trendy Koreatown neighborhood, features classic art deco architecture with vintage details throughout, consists of a desirable unit mix: (2) Singles, (2) 1+1+Den, and (2) 3+2+separate formal dining room. These spacious units all feature original hardwood floors and French windows, which adds to the alluring character, as well as, some units that feature high ceilings, fireplaces, dual entrances, washer and dryer hookups, and walk-in closets. Separately metered for gas and electric, the property also conveniently offers 6 on-site parking for tenants. This is an opportunity for an investor to acquire an attractive asset in one of Los Angeles hippest rental markets that is pegged for continued gentrification and growth. With over 25% of potential rental upside, an investor could push rents to meet the high market demand with continued interior renovations and upgrades.

Price History
Date
Price
Event

07/19/2017
$1,880,000
Sold
Recording Date
07/19/2017
Contract Date
07/03/2017
Sale Price
$1,880,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
$2,068
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

Property Taxes and Assessment
Year
2016
Tax
$2,483.43
Assessments
$119,245
Land
$66,252
Improvements
$52,993
Total
$119,245
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 90004
$1,469,818
22% below sold price
Median Sale Price for 90004
$687,500
63% below sold price
Average Sale price/sqft for 90004
$435/sqft
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
4.38
Multi-Family
$1,650,000
09/29/17
4
3
2,483
1.32
Multi-Family
$1,900,000
06/29/17
2
10
4,998
1.81
Multi-Family
$1,460,000
08/16/17
6
6
3,216
1.25
Multi-Family
$1,600,000
03/03/17
6
11
6,418
4.02
Multi-Family
$1,720,000
09/29/17
6
6
4,334
4.34
Multi-Family
$1,731,000
09/25/17
6
4
4,456
4.43
Multi-Family
$1,899,000
09/22/17
4
4
2,980
1.38
Multi-Family
$1,515,000
02/01/17
8
4
5,403
1.16
Multi-Family
$1,778,000
08/31/17
8
4
5,090
8.1
Multi-Family
$1,750,000
09/22/17
12
9
6,260

Contact Info


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