
Los Angeles, California 90029
This 2021-built Quadruplex is a premier income asset with a List Price of $2,550,000, matching its $2,550,000 Fair Market Value. Offering a robust 5.52% cap rate and a 100% stabilized income stream, the property boasts a top-tier Condition Rating of 2 with quartz countertops, private balconies, and distant Hollywood Sign views. Situated near John Marshall Senior High and Kingsley Elementary, the oversized 3-bedroom floorplans ensure long-term tenant retention in a supply-constrained market. This turnkey acquisition is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1119 N Berendo Subject | $2,550,000* List Price | 0 | 0 | 6,422 | $397 | - |
A 803 N Kingsley Drive Sold | $2,215,820 | 0 | 0 | 5,390 | $411 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2021, this property is virtually new and meets all modern quality standards. The interiors feature contemporary finishes including grey shaker cabinetry, quartz countertops, stainless steel appliances, and wide-plank flooring. With recessed lighting throughout and no visible deferred maintenance, the property is in top-tier condition.
The property delivers a robust 5.52% cap rate with a 100% stabilized income stream and four years of proven rental history, offering investors immediate and reliable cash flow.
Built in 2021, these units feature significantly larger floorplans than typical area construction, including premium finishes like kitchen islands and oversized walk-in closets that drive long-term tenant retention.
Located in the high-demand Virgil Village pocket near Silver Lake and major employers like Netflix HQ and Kaiser, the property is highly walkable to Michelin-recognized dining and top-tier amenities.
Several assigned public schools, including Ramona Elementary and Joseph Le Conte Middle, have low ratings (3-4), which may limit the property's appeal to families prioritizing education.
Because the asset is a 2021 build that is already fully stabilized at market rents, there is little opportunity for immediate forced appreciation through renovations or repositioning.
1119 N Berendo, a 2021-built fourplex in Virgil Village (Silver Lake adj.), East Hollywood offering a strong 5.52% cap rate, four years of proven rental history, and a 100% stabilized income stream. The property features a desirable mix of three 3 bedroom units and one 2 bedroom unit, all separately metered with private balconies, in-unit laundry, and modern, easy-to-maintain finishes. Floorplans are noticeably larger than typical brand new construction in the area, with kitchen islands, generous living rooms, and oversized bedrooms and massive walk-in closets that support long-term tenant retention and consistently low vacancy. While many newer builds squeeze in extra bedrooms at the expense of livability, these layouts offer real space and comfort, contributing to strong performance over the last four years. This is a straightforward, low-expense rental asset in one of LA’s fastest-growing Eastside submarkets minutes from Silver Lake and Los Feliz. Current market rents are $3,995, $3,900, $3,800, and $3,500 (2 bed) monthly. Strong occupancy since 2021 reinforces the property’s reliability for long-term income. Surrounded by Michelin Guide recognized restaurants including Saffy’s, Found Oyster, Budonoki, and Courage Bagels, and just moments from Erewhon and Silver Lake, 1119 N Berendo sits in a highly walkable, supply-constrained rental pocket. Its proximity to Hollywood, Los Feliz, and major job hubs such as Netflix HQ, Paramount Studios, Kaiser Hospital, and Sunset & Gower Studios attracts a stable renter base seeking newer construction with top Eastside amenities and nightlife. With its proven operating history, desirable unit mix, larger and more functional layouts, and prime Virgil Village (Silver Lake adj.) location, 1119 N Berendo offers a rare opportunity to secure a dependable, income-producing asset in one of Los Angeles’s most in-demand rental markets
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-2 • 0.4 mi
Grades K-6 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 6,422 | 2,881 | 80% |
| Lot Size | 6,752 | 6,752 | 50% |
| Price | $2.55M | $1.20M | 80% |
| Price per sq ft | $397 | $397 | 50% |
| Built year | 2021 | 1925 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 105 | 335 | 20% |
Jan 7, 2026
$2,550,000
Initial Listing
Jul 19, 2016
$619,000
Public Record