500 S Berendo Street, Los Angeles, California 90020, Los Angeles, 90020 - 2 bed, 2 bath
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500 S Berendo Street
Los Angeles, California 90020
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,176Sq Ft
34,945Lot Size
Property Price
LIST PRICE$690,000
EST. MARKET VALUE
$701,532
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $690,000—positioned well below the $701,533 Fair Market Value by 1.6%. This valuation gap offers $11,533 in Instant Equity. Featuring a recently remodeled interior with quartz countertops and laminate flooring, the unit maintains an Excellent Condition Rating. Located in the heart of Koreatown, this property offers a vibrant lifestyle with high walkability. It is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready urban sanctuary.
Estimated Market Value
$701,532
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 S Berendo Street Subject | $690,000* List Price | 2 | 2 | 1,176 | $597 | - |
A 435 S Virgil Avenue 209 Sold | $485,000 | 2 | 2 | 931 | $521 | 0.4 mi |
B 436 S Virgil Avenue 403 Sold | $635,000 | 2 | 2 | 1,040 | $611 | 0.4 mi |
C 540 S Kenmore Avenue 303 Sold | $768,000 | 2 | 2 | 1,250 | $614 | 0.2 mi |
D 436 S Virgil Avenue 503 Sold | $647,000 | 2 | 2 | 1,040 | $622 | 0.4 mi |
E 540 S Kenmore Avenue 203 Active | $735,000 List Price | 2 | 2 | 1,250 | $588 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1992, the unit has been recently remodeled with modern quartz countertops, stainless steel appliances, and new laminate flooring. The interior is in mint, move-in ready condition with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Koreatown Location
Situated in the heart of Koreatown near the Wilshire corridor, this property offers exceptional walkability to a wide array of restaurants, supermarkets, and retail shops.
- Modernized Interior & Layout
The unit features recent upgrades including quartz countertops and laminate flooring, complemented by a functional layout that includes two fireplaces and a dedicated home office nook.
- Parking & Privacy
Rare for this high-density area, the unit provides two assigned parking spaces plus visitor parking, and offers increased privacy by sharing only one common wall.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1176, other record living area = 995.
- Underperforming Local Schools
Most of the immediate public schools are rated below average, which may be a significant concern for families and could impact future resale demand.
- Limited View Appeal
The unit's balconies overlook the interior terrace and courtyard rather than providing the expansive city skyline views often desired in Los Angeles condominiums.
About 500 S Berendo Street
This 2 bedroom, 2 bathroom condo unit is located in the heart of Koreatown near the Wilshire corridor. It is conveniently located within walking distance to shops, restaurants, and supermarkets. This unit was recently remodeled with quartz countertops in the kitchen and laminate floors. Some features of this unit include two fireplaces, a separate eating area, and a bedroom with a separate area large enough for a small home office. Other features include sharing one wall with a neighbor and balconies with view of the terrace. Parking includes two assigned spaces for the unit and a parking area for visitors. The unit comes with washer/dryer and most stainless steel appliances.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1992
- Lot Size
- 34,945 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $371.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Frank Del Olmo Elementary School
Grades K-6 • 0.5 mi
4/10
Rfk Community Schools - Ambassador School - Global Education
Grades K-5 • 0.5 mi
3/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Grades K-5 • 0.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,176 | 1,219.385 |
| Lot Size | 34,945 | 27,236.074 |
| Price | $690.0K | $800.2K |
| Price per sq ft | $587 | $650 |
| Built year | 1992 | 1979 |
| HOA | $371.0 | $685 |
| Days on market | 23 | 72 |
Pricing History
Listed for Sale
Aug 17, 2026
$690,000
Initial Listing
Sold
Mar 29, 2012
$215,000
Public Record
Sold
Jul 19, 2002
$250,000
Public Record