49
See all 49 photos
$2,550,000
Est. payment /mo
6,422 SqFt
New
1119 N Berendo Los Angeles, CA 90029
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,422 sqft
Price per Sqft $397
MLS Listing ID CRBB26004205
HOA Y/N No
Year Built 2021
Lot Size 6,752 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
1119 N Berendo, a 2021-built fourplex in Virgil Village (Silver Lake adj.), East Hollywood offering a strong 5.52% cap rate, four years of proven rental history, and a 100% stabilized income stream. The property features a desirable mix of three 3 bedroom units and one 2 bedroom unit, all separately metered with private balconies, in-unit laundry, and modern, easy-to-maintain finishes. Floorplans are noticeably larger than typical brand new construction in the area, with kitchen islands, generous living rooms, and oversized bedrooms and massive walk-in closets that support long-term tenant retention and consistently low vacancy. While many newer builds squeeze in extra bedrooms at the expense of livability, these layouts offer real space and comfort, contributing to strong performance over the last four years. This is a straightforward, low-expense rental asset in one of LA's fastest-growing Eastside submarkets minutes from Silver Lake and Los Feliz. Current market rents are $3,995, $3,900, $3,800, and $3,500 (2 bed) monthly. Strong occupancy since 2021 reinforces the property's reliability for long-term income. Surrounded by Michelin Guide recognized restaurants including Saffy's, Found Oyster, Budonoki, and Courage Bagels, and just moments from Erewhon and Silver Lake, 1119 N B
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Dryer, Washer, Other, Inside
Exterior
View Other
Building
Lot Description Landscaped
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