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, this property is explicitly marketed as a 'value-add opportunity' requiring 'significant capital expenditure on renovations, system upgrades, and deferred maintenance,' as well as 'substantial investment in unit modernizations.' The exterior images show an aged building with dated features and wear. While no interior photos are provided, the description strongly implies that kitchens, bathrooms, and other interior components are outdated and require extensive rehabilitation to meet current standards and achieve the projected proforma CAP rate. This aligns with the 'poor' condition criteria, indicating substantial repairs and rehabilitation are needed.
Strategically situated on a corner lot, two blocks from Sunset Blvd, offering excellent access to major employment hubs (Netflix, Kaiser, Paramount), retail, and vibrant neighborhoods like Larchmont Village and Koreatown, driving strong rental demand.
An attractive proforma CAP rate of 8.5%+ highlights significant upside for investors through strategic renovations and rent optimization, positioning it as a strong value-add opportunity.
The recent price reduction and explicit seller motivation ('SELLER MOTIVATED TO SELL!', 'SELLER WILL LISTEN TO ALL REASONABLE OFFERS!') create a favorable negotiation environment for potential buyers.
Built in 1958, the property's age, coupled with its 'value-add opportunity' designation, strongly suggests the need for significant capital expenditure on renovations, system upgrades, and deferred maintenance to achieve its full potential.
One vacant unit represents immediate lost income and requires the new owner to either fill it quickly or undertake renovations before re-tenanting, impacting initial cash flow and requiring upfront investment.
Realizing the advertised proforma CAP rate will likely necessitate substantial investment in unit modernizations and common area improvements, which could entail significant upfront costs and project management complexities for the buyer.
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