1734 Berendo Street, Los Angeles, California 90005, Los Angeles, 90005 - bed, bath
ACTIVE$1,249,500
1734 Berendo Street, Los Angeles, California 90005
0Bed
0Bath
1,984Sqft
4,607Lot
Year Built
1903
Close
-
List price
$1.25M
Original List price
$125K
Price/Sqft
$630
HOA
-
Days on market
-
Sold On
-
MLS number
SR25104533
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros.
LOCATION...LOCATION ..... Don't missed this great opportunity to own an income property...Great investment located near to Korea-Town between Venice Blvd and Washington Blvd. this property has a great location close to FWYS 101 and 10fwy is perfect for investor who is looking for good income, from unit 2 bedrooms and 1 bathrooms, 2 units 1 bedroom and 1 bathroom and the 4 unit a single..each unit has own Gas meter, Electric meter, Don't miss this great opportunity .
Nearby schools
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.3mi
3/10
Leo Politi Elementary School
Public,•K-5•0.7mi
5/10
Vermont Avenue Elementary School
Public,•K-5•0.8mi
3/10
Los Angeles Elementary School
Public,•K-5•0.8mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.8mi
4/10
Norwood Street Elementary School
Public,•K-5•0.9mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.0mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.1mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.1mi
8/10
Hoover Street Elementary School
Public,•K-5•1.1mi
2/10
Tenth Street Elementary School
Public,•K-5•1.2mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
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•0.6mi
5/10
Pio Pico Middle School
Public,•6-8•1.4mi
3/10
John H. Liechty Middle School
Public,•6-8•1.6mi
4/10
John Adams Middle School
Public,•6-8•1.8mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.0mi
4/10
West Adams Preparatory High School
Public,•9-12•0.2mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.2mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.2mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.2mi
5/10
Foshay Learning Center
Public,•K-12•1.7mi
5/10
Santee Education Complex
Public,•9-12•2.0mi
3/10
Belmont Senior High School
Public,•9-12•2.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.3mi
Price History
Date
Event
Price
05/03/19
Sold
$720,000
07/19/02
Sold
$235,000
Condition Rating
Poor
Built in 1903, this property is over a century old with no indication of major recent renovations. The property analysis explicitly highlights 'outdated infrastructure (plumbing, electrical)' and the need for 'significant capital expenditure for deferred maintenance and modernization,' as well as 'extensive renovations.' The single exterior image shows visible signs of age and potential roof issues, consistent with a property requiring substantial repairs and rehabilitation. Without interior photos, especially of kitchens and bathrooms, and given the age and analysis, it's highly probable these areas are severely outdated and require complete overhauls to meet contemporary standards.
Pros & Cons
Pros
Quadruplex Income Property: This property is a quadruplex, offering four distinct units (one 2B/1B, two 1B/1B, one single) ideal for generating substantial rental income, making it a prime investment opportunity.
Prime Koreatown Location: Strategically located near Koreatown, between Venice Blvd and Washington Blvd, ensuring high rental demand and potential for strong property appreciation in a vibrant urban area.
Individual Utility Meters: Each unit is equipped with its own gas and electric meters, significantly reducing landlord operating expenses and administrative burden by shifting utility costs to tenants.
Excellent Freeway Access: Proximity to major freeways (101 and 10 Fwy) provides convenient access for tenants, enhancing the property's desirability and connectivity within Los Angeles.
Strong Rental Market: Situated in a densely populated and sought-after area of Los Angeles, the property benefits from a consistently strong rental market, ensuring low vacancy rates.
Cons
Historic Property Age (1903): Built in 1903, the property is likely to have outdated infrastructure (plumbing, electrical) and may require significant capital expenditure for deferred maintenance and modernization.
Limited Financial Transparency: The listing description lacks crucial financial details such as current rental income, occupancy rates, and specific unit conditions, which are essential for investor due diligence.
Potential for High Renovation Costs: Given its age and the absence of mentioned recent upgrades, the property may necessitate extensive renovations to meet contemporary tenant expectations and maximize rental value, impacting immediate return on investment.