$1,625,000 Price Analysis   ♡   Los Angeles, CA 90004 3 bed 2 bath 1,635 SqFt ($993/SqFt) 7,502SqFt lot. Built 1921 Listed 2024-03-27, Taxes $6,051 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
The subject property is a 1
635 SF home on a flat 7, 499 SF lot. The zonng is LAR3 - Tier 3 TOC. Located 0.2 Miles away from the Metro Red Line Station at Beverly and Vermont, tenants can benefit from the tremendous location and numerous eateries nearby. The ownership has conceptual and architectural plans to build 19units. Of the 19 proposed units (17 units plus 2 ADU's), ten are to be 2 bedroom / 2 bathroom units and nine are tobe 1 bedroom / 1 bathroom units. Alternatively take advantage of the ED-1 eligibility and build 21 low income housing units (17 units plus 4 ADU's) with no parking required and save considerable amount of time and construction costs.A savvy investor can also take advantage of the Red Line, focus on an Affordable Housing Project and forgo all parking requi rements for the highest and best use of this land and potentially build 21 units.
Property currently has a Family Child Care tenant that is paying $5, 407.50 per month ($64, 890 year) and the term is set to expire at the end of March 2025. Benefit from the income producing tenant while going forward with the planning and development process.As a result of the neighborhood's charm and desirability, there is robust demand for housing and long-term rent growth. The asset's location along with the development incentives are an excellent acquisition for a developer or long term investor.
Presented by Meir Frydman at
KW Advisors.
Property MLS #24-373603 from TheMLSCLAW
Full Bathrooms: 2
Lot Size Dimensions: 50x150
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7502
Parking Total: 1
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Directions: The Subject property is 210 N Berendo Street, Los Angeles CA 90004. The property is south of Beverly Blvd and north of 1st Street, just west of Vermont Avenue.
Source Property Type: Residential
Area: Mid-Wilshire
Source Neighborhood: Mid-Wilshire
Parcel Number: 5518-026-009
Postal Code Plus 4: 4704
Zoning: LAR3
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $97,437 + $389,778 $487,215 | $6,051 |
| 2021 | $95,527 + $382,136 $477,663 | $5,971 |
| 2020 | $94,548 + $378,218 $472,766 | $6,029 |
| 2019 | $92,695 + $370,802 $463,497 | $5,798 |
| 2018 | $90,878 + $363,532 $454,410 | $5,676 |
| 2017 | $89,097 + $356,404 $445,501 | $5,557 |
| 2016 | $87,350 + $349,416 $436,766 | $5,423 |
| 2015 | $86,038 + $344,168 $430,206 | $5,345 |
| 2014 | $84,353 + $337,427 $421,780 | $5,371 |
| 2013 | $83,972 + $335,903 $419,875 | $5,366 |
| 2012 | $82,326 + $329,317 $411,643 | $5,437 |
| 2010 | $80,712 + $322,860 $403,572 | $5,329 |
| 2009 | $80,300 + $321,210 $401,510 | $5,131 |
| 2009 | $80,109 + $320,448 $400,557 | $5,131 |
| 2008 | $78,726 + $314,912 $393,638 | $4,914 |
| 2007 | $77,183 + $308,738 $385,921 | $4,753 |
$1,625,000
TheMLSCLAW
Price Changed 2024-05-10
$1,625,000
TheMLSCLAW
Listed 2024-03-27
$1,726,000
TheMLSCLAW
Listed 2024-03-27
$1,726,000
TheMLSCLAW
Listing removed 2024-03-08
$0
CRMLS
Listing removed 2024-03-08
$0
CRMLS
Price Changed 2024-02-19
$1,725,000
CRMLS
Price Changed 2024-02-19
$1,725,000
CRMLS
Price Changed 2024-02-13
$1,675,000
CRMLS
Price Changed 2024-02-13
$1,675,000
CRMLS
Relisted 2024-02-10
$1,595,000
CRMLS
Relisted 2024-02-10
$1,595,000
CRMLS
Listing removed 2024-02-08
$0
CRMLS
Listing removed 2024-02-08
$0
CRMLS
Price Changed 2024-02-02
$1,595,000
CRMLS
Price Changed 2024-02-02
$1,595,000
CRMLS
Listed 2024-01-09
$1,675,000
CRMLS
Price Changed 2024-01-09
$1,675,000
CRMLS
Listed 2024-01-02
$1,725,000
CRMLS
Sold 2022-05-18
$1,390,000
TheMLSCLAW
Listing removed 2010-09-04
$410,000
TheMLSCLAW
Listing removed 2010-08-31
$410,000
ITECH
Relisted 2010-08-04
$410,000
TheMLSCLAW
Listing removed 2010-07-27
$410,000
TheMLSCLAW
Price Changed 2010-06-27
$410,000
TheMLSCLAW
Price Changed 2010-06-18
$569,000
TheMLSCLAW
Listing removed 2010-03-23
$600,000
SoCalMLS
Listing removed 2010-02-03
$600,000
TheMLSCLAW
Listed 2010-02-02
$410,000
ITECH
Listed 2010-02-02
$600,000
TheMLSCLAW
Listed 2010-02-02
$600,000
SoCalMLS
Sold 2002-08-11
$357,000
ITECH
Listed 2002-05-16
$369,000
ITECH
Listing removed 2001-01-01
$329,000
ITECH
Listing removed 2000-12-10
$329,000
ITECH
Listed 2000-10-09
$329,000
ITECH
Listed 2000-05-21
$329,000
ITECH
Sold 1999-11-15
$193,500
Public Record
Sold 1998-04-23
$145,000
Public Record
Sold 1997-04-02
$125,000
Public Record
Year Built: 1921
Common Walls: Attached
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 103
Property Condition: Updated/Remodeled
Levels or Stories: 1
Building Total Stories: 1
Structure Type: Attached
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.