49
See all 49 photos
$2,550,000
Est. payment /mo
11 Beds
14 Baths
6,752 Sqft Lot
Active
1119 N Berendo Los Angeles, CA 90029
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26004205
Bedrooms 11
Lot Size 6,752 Sqft
Property Sub-Type Res Income 2-4 Units
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 LAs 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 propertys reliability for long-term income. Surrounded by Michelin Guide recognized restaurants including Saffys, Found Oyster, Budonoki, and Courage Bagels, and just moments from Erewhon and Silver Lake, 1119 N Berendo sits in a highly walkable, supply-constrained rental pocket. Its proximity to Hollywood, Los Feliz, and major job hubs such as Netflix HQ, Paramount Studios, Kaiser Hospital, and Sunset & Gower Studios attracts a stable renter base seeking newer construction with top Eastside amenities and night
Location
State CA
County Los Angeles
Zoning Assessor
Direction From the 101 Freeway, exit Vermont Avenue, head south, turn left on Santa Monica Boulevard into the heart of Virgil Village, the
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5540024013
Virtual Tour https://www.myunits.com/buy/1119berendo
Listed by Lauren Cearley Myunits.com Inc.
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