210 N Berendo Street, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 2 bath
ACTIVE$1,499,000
210 N Berendo Street, Los Angeles, California 90004
3Beds
2Baths
1,635Sqft
7,502Lot
Price Vs. Estimate
The estimated value ($1,422,697.95) is $76,302.05 (5%) lower than the list price ($1,499,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7502, living area = 1635.
Top Cons:
Age of Existing Structures: Built in 1921, the existing residential structures are over a century old, likely requiring significant renovation or demolition to align with modern standards or development goals.
Compared to the nearby listings
Price:$1.50M vs avg $2.26M ($-764,025)27%
Size:1,635 sqft vs avg 2,367 sqft24%
Price/sqft:$917 vs avg $1.0K37%
More Insights
Built in 1921 (104 years old).
Condition: Built in 1921, the property is over a century old. While some cosmetic updates like new flooring and fresh paint are visible, and the bathroom appears to have a new, albeit very basic, vanity and tub insert, these are minimal. The listing description itself highlights the 'Age of Existing Structures' as a weakness, stating they are 'likely requiring significant renovation or demolition to align with modern standards or development goals.' The primary value proposition is explicitly stated as the 'rare opportunity for developers and investors' due to its zoning and development potential, indicating the existing structures are not the main asset. The lack of kitchen photos and the very basic nature of the visible updates suggest that major systems are likely outdated or in need of substantial overhaul, aligning with the 'Tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Year Built
1921
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
$917
HOA
-
Days on market
-
Sold On
-
MLS number
OC25222155
Home ConditionTear down
Features
Good View: City Lights, Landmark, Mountain(s), Neighborhood
ViewCity Lights,Landmark,Mountain(s),Neighborhood
About this home
Income producing 3-Bed/2-Bath home with detached 1-Bed/1-Bath structure in the back. Located in the heart of Los Angeles, this 7,502 sq. ft. flat, rectangular lot (50’ x 150’) offers a rare opportunity for developers and investors. Zoned LAR3 with TOC Tier 4 and TOIA T-3 incentives, the property supports increased density, height, and reduced parking requirements. Ideal for multi-family, mixed-use or small lot residential development. High-demand, transit-friendly location surrounded by ongoing growth and revitalization. Unlock the full potential of this flexible zoning and build your next successful project in one of LA’s most dynamic neighborhoods.
Price History
Date
Event
Price
05/18/22
Sold
$1,390,000
08/12/02
Sold
$357,000
Condition Rating
Tear down
Built in 1921, the property is over a century old. While some cosmetic updates like new flooring and fresh paint are visible, and the bathroom appears to have a new, albeit very basic, vanity and tub insert, these are minimal. The listing description itself highlights the 'Age of Existing Structures' as a weakness, stating they are 'likely requiring significant renovation or demolition to align with modern standards or development goals.' The primary value proposition is explicitly stated as the 'rare opportunity for developers and investors' due to its zoning and development potential, indicating the existing structures are not the main asset. The lack of kitchen photos and the very basic nature of the visible updates suggest that major systems are likely outdated or in need of substantial overhaul, aligning with the 'Tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7502, living area = 1635.
Exceptional Development Potential: Zoned LAR3 with TOC Tier 4 and TOIA T-3 incentives, this property offers significant opportunities for increased density, height, and reduced parking requirements, making it ideal for multi-family, mixed-use, or small lot residential development.
Prime Los Angeles Location: Situated in the heart of Los Angeles, the property benefits from a high-demand, transit-friendly area undergoing ongoing growth and revitalization, enhancing its long-term investment appeal.
Income-Producing Asset: The property includes an income-producing 3-bed/2-bath main home and a detached 1-bed/1-bath structure, providing immediate rental income for investors or while development plans are underway.
Generous & Usable Lot Size: A substantial 7,502 sq. ft. flat, rectangular lot (50’ x 150’) provides an excellent foundation for various development projects, simplifying construction and maximizing usable space.
Flexible Zoning for Diverse Projects: The flexible zoning allows for a wide range of development possibilities, from multi-family units to mixed-use or small lot residential, catering to diverse investor strategies.
Cons
Age of Existing Structures: Built in 1921, the existing residential structures are over a century old, likely requiring significant renovation or demolition to align with modern standards or development goals.
Listing Price Above Estimated Value: The current list price is approximately 9% higher than the property's estimated market value, which may present a challenge in attracting buyers or negotiating a quick sale.
Limited Appeal for Traditional Homebuyers: Given the property's primary value proposition as a development site, it may have limited appeal to traditional homebuyers seeking a move-in ready single-family residence without significant upgrades or redevelopment plans.