1334 S Berendo Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$1,688,888
1334 S Berendo Street, Los Angeles, California 90006
0Bed
0Bath
2,623Sqft
5,947Lot
Year Built
1906
Close
-
List price
$1.69M
Original List price
$1.69M
Price/Sqft
$644
HOA
-
Days on market
-
Sold On
-
MLS number
CV25006695
Home ConditionExcellent
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.69M(50th), sqft - 2623(50th), beds - undefined(50th), baths - undefined(50th).
Great income generating units! Total of 4 units, 3 units have 2 bedrooms and 1 unit has 1 bedroom. Great Location! less than 2 miles from the university of souther California USC. In Pico union/ Korea Town. Few minutes from downtown Los Angeles, LA Live, Crypto Arena, USC Coliseum and Bank of California Stadium. Units have been completely remodeled with brand new flooring, New kitchen and quartz countertops.
Nearby schools
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.3mi
3/10
Leo Politi Elementary School
Public,•K-5•0.5mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.6mi
3/10
Los Angeles Elementary School
Public,•K-5•0.7mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.8mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.8mi
8/10
Hoover Street Elementary School
Public,•K-5•0.9mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.1mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•1.1mi
4/10
Norwood Street Elementary School
Public,•K-5•1.1mi
2/10
Tenth Street Elementary School
Public,•K-5•1.1mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.3mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.5mi
3/10
Berendo Middle School
Public,•6-8•0.3mi
5/10
Pio Pico Middle School
Public,•6-8•1.4mi
3/10
John H. Liechty Middle School
Public,•6-8•1.5mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.0mi
4/10
John Adams Middle School
Public,•6-8•2.0mi
4/10
West Adams Preparatory High School
Public,•9-12•0.5mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.9mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.9mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.9mi
3/10
Belmont Senior High School
Public,•9-12•2.0mi
5/10
Foshay Learning Center
Public,•K-12•2.0mi
5/10
Santee Education Complex
Public,•9-12•2.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.5mi
Price History
Date
Event
Price
05/18/21
Sold
$750,000
Condition Rating
Excellent
Despite being built in 1906, the property has undergone a 'completely remodeled' renovation, as confirmed by the listing description and images. The kitchens feature brand new white shaker cabinets, quartz countertops, stainless steel appliances, and subway tile backsplashes. Bathrooms are equally modern with new vanities, fixtures, and tiled showers. New flooring and fresh paint are evident throughout the units, indicating a very recent and high-quality renovation that brings the living spaces to current quality standards with virtually no deferred maintenance.
Pros & Cons
Pros
Strong Income Potential: A quadruplex with a desirable unit mix (3x2BR, 1x1BR) explicitly designed for income generation, offering diversified rental streams.
Strategic Urban Location: Situated in the vibrant Pico Union/Koreatown area, providing excellent access to Downtown LA, major entertainment venues (LA Live, Crypto Arena), and employment centers.
Proximity to Major University: Located less than 2 miles from the University of Southern California (USC), making it highly attractive for student housing or university-affiliated rentals, ensuring a consistent tenant pool.
Turn-Key Condition with Modern Upgrades: Units have been 'completely remodeled with brand new flooring, New kitchen and quartz countertops,' minimizing immediate maintenance and capital expenditures for a new owner and appealing to modern tenants.
High Rental Demand Area: The combination of a prime urban location and proximity to USC suggests a robust rental market with strong demand, likely leading to stable occupancy and competitive rental rates.
Cons
Age of Underlying Infrastructure: Built in 1906, the property's core infrastructure (e.g., plumbing, electrical, roof, foundation) may still be original or require substantial capital expenditure in the future, despite recent cosmetic interior renovations.
Aggressive Price Appreciation: The current listing price of $1.68M represents a significant increase from its 2021 sale price of $750k, potentially indicating an aggressive valuation that may require strong justification through rental income figures and market comparables.
Potential for Limited Parking/Amenities: As an older multi-unit property in a dense urban environment, there's a high likelihood of limited on-site parking and potentially fewer modern amenities (e.g., in-unit laundry, dedicated outdoor space) compared to newer developments, which could impact tenant appeal or rent potential.