525 S Berendo Street 314, Los Angeles, California 90020, Los Angeles, 90020 - 2 bed, 2 bath
525 S Berendo Street 314
Los Angeles, California 90020
Property Price
SUMMARY
Analysis of 525 S Berendo Street 314, Los Angeles, California 90020 is currently available with a list price of $549,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1991, is well-maintained and move-in ready, with updated laminate flooring in the living areas and bedrooms, and modern in-unit laundry. However, the kitchen features dated white tile countertops, older white appliances, and basic cabinetry. The bathrooms also show signs of being outdated with similar tile countertops and older fixtures. While functional, these areas require minor updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria for properties built over 20 years ago with functional but outdated major components.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Koreatown Location
Situated in the vibrant heart of Koreatown, offering unparalleled convenience with restaurants, shops, and public transportation just minutes away, ideal for an active city lifestyle.
- Excellent Building Amenities
The building provides desirable HOA amenities including a dry sauna, fitness center, racquetball court, and a rooftop spa, enhancing the resident experience and value.
- Dedicated & Guest Parking
Features a gated parking garage with two assigned spaces plus guest parking, a significant advantage in a dense urban area like Los Angeles.
CONSRISKS & DEFICIENCIES
- No Designated View
The property description explicitly states 'view: None,' which may be a drawback for buyers seeking city or scenic outlooks from their condo.
- Compact Square Footage
With 867 sqft for a 2-bedroom, 2-bathroom unit, the living space is relatively compact, potentially limiting appeal for those desiring more expansive interiors.
- Monthly HOA Dues
The $450.0 monthly HOA fee is a notable recurring cost that needs to be factored into the overall affordability and could be perceived as high for the unit's size.
About 525 S Berendo Street 314
Best Value in the Heart of Koreatown! Experience the perfect blend of comfort, convenience, and modern city living in this beautifully maintained 2-bedroom, 2-bathroom condo. Located in a secure and well-managed building, just minutes from restaurants, shops, and public transportation — ideal for first-time buyers, investors, or anyone seeking an easy LA lifestyle. This third-floor unit offers a smart split-bedroom layout, ensuring privacy for each room — perfect for roommates or a home office setup. Enjoy a spacious open living area, in-unit washer and dryer, and a cozy private balcony for relaxing or entertaining. The gated parking garage provides two assigned parking spaces plus guest parking for added convenience. HOA amenities include a dry sauna, fitness center, racquetball court, and rooftop spa. Don’t miss the opportunity to own this move-in-ready home located in the vibrant center of Koreatown — close to everything the city has to offer!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1991
- Lot Size
- 28,487 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $450.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Rfk Community Schools - Ambassador School - Global Education
Grades K-5 • 0.5 mi
Frank Del Olmo Elementary School
Grades K-6 • 0.6 mi
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 867 | 943 | 44% |
| Lot Size | 28,487 | 30,023 | 50% |
| Price | $549.0K | $476.5K | 56% |
| Price per sq ft | $633 | $580 | 79% |
| Built year | 1991 | 1985 | 62% |
| HOA | $450.0 | $450 | 50% |
| Days on market | 128 | 164 | 32% |
Pricing History
Listed for Sale
Oct 29, 2025
$549,000
Initial Listing
Sold
Oct 22, 2020
$515,000
Public Record
Sold
Mar 1, 1999
$115,000
Public Record