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Listed by Lauren Cearley • Myunits.com Inc.
$ 2,550,000
Est. payment /mo
New
1119 N Berendo Los Angeles, CA 90029
6,752 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26004205
Year Built 2021
Lot Size 6,752 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 La
Location
State CA
County Los Angeles
Area C20 - Hollywood
Rooms
Kitchen Dishwasher, Freezer, Microwave, Oven Range - Gas, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30, Other, Washer, Dryer, 9
Exterior
Pool 31, None
View Local/Neighborhood
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 5540024013
Special Listing Condition Not Applicable
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