625 S Berendo 601, Los Angeles, California 90005, Los Angeles, 90005 - 3 bed, 2 bath
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625 S Berendo 601
Los Angeles, California 90005
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,590Sq Ft
30,005Lot Size
Property Price
LIST PRICE$650,000
EST. MARKET VALUE
$649,220
SUMMARY
This 3-bedroom condominium represents a High-Potential Investment Opportunity, listed at a List Price of $650,000—positioned slightly above the $641,166 Fair Market Value. While the unit lacks an immediate equity gap, its 1,590 square feet of living space provides a rare, expansive floor plan in a prime Koreatown location. With a Condition Rating of 4, the property offers significant potential for cosmetic upgrades to drive future appreciation. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a spacious urban residence with scenic city views.
Estimated Market Value
$649,220
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 |
|---|---|---|---|---|---|---|
★ 625 S Berendo 601 Subject | $650,000* List Price | 3 | 2 | 1,590 | $408 | - |
A 815 S Harvard 302 Sold | $550,000 | 2 | 2 | 1,090 | $505 | 0.7 mi |
B 733 S Manhattan Place 402 Sold | $610,000 | 2 | 2 | 1,150 | $530 | 1.0 mi |
C 631 S Kenmore 406 Sold | $590,000 | 2 | 2 | 1,199 | $492 | 0.2 mi |
D 727 S Ardmore Avenue 304 Active | $699,000 List Price | 2 | 2 | 1,546 | $452 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2005, the property is 21 years old. Based on the age and lack of mentioned renovations, the kitchen, baths, and systems are likely original and dated, fitting the criteria for a property over 20 years old needing minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of Koreatown near Wilshire Boulevard and Downtown LA, the property offers exceptional walkability and access to premier dining, shopping, and public transportation.
- Expansive Living Space
At 1,590 square feet, this 3-bedroom unit provides a rare and generous single-level floor plan that is significantly larger than many competing condominiums in the area.
- Scenic City Views
The property features desirable views of city lights and local landmarks, providing an elevated urban atmosphere that enhances the unit's overall appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =30005, other record lot size in square feet = 29936.
- High Monthly HOA Fees
The monthly association fee of $619.20 represents a significant recurring carrying cost that may impact the debt-to-income ratio for prospective buyers.
- Stagnant Value Appreciation
The current list price of $650,000 is notably lower than the 2005 sale price of $750,000, suggesting a historical lack of capital appreciation for this specific unit.
About 625 S Berendo 601
Spacious 3-bedroom, 2-bath condominium offering approximately 1,590 square feet of single-level living. Built in 2005, the unit features generous living and dining areas and a functional floor plan. Located in Koreatown near Wilshire Boulevard, Downtown Los Angeles, shopping, dining, public transportation, and local amenities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 30,005 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $619.2 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,590 | 1,219.385 |
| Lot Size | 30,005 | 27,236.074 |
| Price | $650.0K | $800.2K |
| Price per sq ft | $409 | $650 |
| Built year | 2005 | 1979 |
| HOA | $619.2 | $685 |
| Days on market | 35 | 72 |
Pricing History
Listed for Sale
Aug 5, 2026
$650,000
Initial Listing
Sold
Nov 14, 2014
$645,500
Public Record
Sold
Jun 10, 2005
$750,000
Public Record