146 N Berendo St, Los Angeles, CA 90004 - View 1
146 N Berendo St, Los Angeles, CA 90004 - View 2
146 N Berendo St, Los Angeles, CA 90004 - View 3

146 N Berendo St, Los Angeles, CA 90004

Sale Price: $1,275,000
Jan 7, 20252,705 sqft5 beds0 baths
Listed by: Vlad Gold
License #: 01340166
Phone #: 310-403-3969
Gold Group Realty, Inc.
Source:
CRMLS Logo
MLS #: 25477901

Property Description

Prime development opportunity located in Korea Town within Qualified Opportunity Zone. Vacant 7,500sf flat lot, zoned R3-1, Tier 3 TOC, presents an amazing opportunity to develop up to 59-units affordable housing project with NO parking requirements or up to 30 units (mostly market rate units) under the new CHIP program. The land comes with an approved set of plans with ready to issue permits (RTI) to build a 15-unit apartment building over a single level subterranean garage. This site is located within a few minutes walking distance to Vermont/Beverly Metro Station (B-Line) and is otherwise centrally positioned within a highly densely populated neighborhood with high demand for rental units.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$24,381

TurboHome Estimated Value

$1,500,200

$555 sqft

High Valuation
$1,575,210
$582/sqft
Normal Valuation
$1,500,200
$555/sqft
Low Valuation
$1,425,190
$527/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$555/sqft$1,500,200

Neighborhood: Mid Wilshire

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Comparative Value

$1.10M

$1.27M

$1.38M

$1.56M

$1.76M

932 N Kingsley Dr, Los Angeles, CA 90029

Sale Price: $1,100,000

Selected Comparable

146 N Berendo St, Los Angeles, CA 90004

Sale Price: $1,275,000

Selected Comparable

1019 S Citrus Ave, Los Angeles, CA 90019

Sale Price: $1,290,000

Selected Comparable

146 N Berendo St, Los Angeles, CA 90004

List Price: $1,375,000

Subject Property

830 Tularosa Dr, Los Angeles, CA 90026

Sale Price: $1,565,000

Selected Comparable

355 S Kingsley Dr, Los Angeles, CA 90020

Sale Price: $1,760,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
146 N Berendo St, Los Angeles, CA 90004

146 N Berendo St, Los Angeles, CA 90004

List: $1,375,000

Listed: 1/7/2025

Area:2,705 sqft
Price/sqft:$508
Beds:5
Baths:
Year Built:
Lot Size:7,500

Comparable Properties

COMPARABLE
Choose comps
146 N Berendo St, Los Angeles, CA 90004

146 N Berendo St, Los Angeles, CA 90004

Sale: $1,275,000

5/26/20250.00 mi

Area:2,705 sqft
Price/sqft:$471
Beds:5
Baths:
Year Built:
Weight:26.2%
355 S Kingsley Dr, Los Angeles, CA 90020

355 S Kingsley Dr, Los Angeles, CA 90020

Sale: $1,760,000

6/17/20250.71 mi

Area:2,887 sqft
Price/sqft:$610
Beds:5
Baths:
Year Built:
Weight:23.5%
830 Tularosa Dr, Los Angeles, CA 90026

830 Tularosa Dr, Los Angeles, CA 90026

Sale: $1,565,000

6/4/20251.04 mi

Area:2,586 sqft
Price/sqft:$605
Beds:6
Baths:
Year Built:
Weight:19.0%
1019 S Citrus Ave, Los Angeles, CA 90019

1019 S Citrus Ave, Los Angeles, CA 90019

Sale: $1,290,000

2/20/20253.00 mi

Area:2,524 sqft
Price/sqft:$511
Beds:4
Baths:
Year Built:
Weight:16.1%
932 N Kingsley Dr, Los Angeles, CA 90029

932 N Kingsley Dr, Los Angeles, CA 90029

Sale: $1,100,000

2/3/20251.04 mi

Area:2,183 sqft
Price/sqft:$504
Beds:4
Baths:
Year Built:
Weight:15.2%

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