1184 N Berendo Street, Los Angeles, California 90029, Los Angeles, 90029 - 0 bed, 0 bath
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Los Angeles, California 90029
Analysis of 1184 N Berendo Street, Los Angeles, California 90029 is currently available with a list price of $2,300,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1958 (66 years old) and marketed as a 'value-add opportunity,' the property likely retains original or significantly dated kitchens, bathrooms, and systems. Per the criteria, its age and the need for rehab to realize upside potential place it in the poor category.
With a proforma CAP rate of over 8.5% and a significant $450,000 price reduction, this 10-unit asset offers exceptional upside for investors looking to capture market-rate rents in a high-demand area.
Situated in East Hollywood near major employment hubs like Netflix, Kaiser Permanente, and Paramount Studios, the property is perfectly positioned to attract a stable professional tenant base.
The property sits on a 7,815 SF corner lot, providing superior visibility, increased natural light for the units, and easier access compared to mid-block multi-family assets.
The building provides only nine parking spaces for ten units, creating a deficit that may be a deterrent for tenants in a car-dependent city like Los Angeles.
Built in 1958 and marketed as a 'value-add' opportunity, the property likely requires significant upfront investment in modernizing units and systems to achieve its full proforma potential.
PRICE IMPROVEMENT!!! Price Reduced to $2,300,000, this 10-unit property offers strong upside potential for investors. Don’t miss your chance to acquire a multi-unit asset at an improved price—ideal for income growth and long-term appreciation. This Exceptional 10-unit apartment building in East Hollywood, just two blocks from Sunset Blvd. With a proforma CAP rate of 8.5%+, this value-add opportunity features 7,864 SF of living space on a 7,815 SF corner lot. The unit mix includes (8) 1B+1B, (1) 2B+1B, and (1) 2B+2B, with one vacancy and nine parking spaces. Centrally located near Larchmont Village, Koreatown, and Downtown LA, this property benefits from its proximity to top employers (Netflix, Kaiser, Paramount) and major retailers (Ralphs, Starbucks). Easy freeway access and strong rental demand make it a standout investment in a highly desirable area. SELLER WILL LISTEN TO ALL REASONABLE OFFERS!
No exterior & parking available.
Grades K-2 • 0.3 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1958 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 17, 2026
$2,300,000
$2,600,000
-12% Price Drop
Initial Listing
Nov 25, 2025
$2,600,000
Initial Listing
Dec 30, 2024
$2,750,000
Initial Listing
Feb 18, 2022
$2,000,000
Public Record