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Douglas Wells

douglas.wells@evrealestate.com +1(405) 234-6116

$ 2,550,000

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1121 N Berendo Hollywood, CA 90006

6,216 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26091845

HOA Y/N No

Year Built 2021

Annual Tax Amount $30,278

Lot Size 6,216 Sqft

Property Sub-Type Quadruplex

Property Description

1121 N Berendo St is 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. Floor plans 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, $3,995, $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, 1121 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 nightlife. With its proven operating history, desirable unit mix, larger and more functional layouts, and prime Virgil Village (SilverLake adj.) location, 1121 N Berendo offers a rare opportunity to secure a dependable, income-producing asset in one of Los Angeles's most in-demand rental markets!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Oven, Freezer, Gas Range, Refrigerator, Dryer, Washer

Laundry Washer Hookup, Electric Dryer Hookup, Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks

Accessibility None

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Landscaped

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5540024013

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Lauren Cearley Myunits.com Inc. 213-302-8662, DRE #02146823

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Douglas Wells

Global Real Estate Advisor | License ID: 02095529

+1(405) 234-6116

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