1119 N Berendo, Los Angeles, CA 90029 - MLS#CRBB26004205

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Lauren Cearley • Myunits.com Inc.

$ 2,550,000

Est. payment | -/mo

6,752 Sqft Lot

Save

$ 2,550,000

Est. payment | -/mo

Save

6,752 Sqft Lot

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

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

1119 N Berendo Los Angeles, CA 90029