Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    951 Berendo St Los Angeles, CA 90006-6013

    • Residential income homes
    • 4,349 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Aug 14, 2023
    $1,750,017
    Value Estimations
    $1,735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7264181
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 951 Berendo St

    Year built
    1925
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    4,349 SF
    Zone code
    LAR4
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    5078-007-003
    APU
    5078007003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,795,000
      ML approach
      $1,645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,323,000
      Market price range: $552k - $1.32M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,365,000
      OFFICE BUILDING
      $2,185,000
      MEDICAL BUILDING
      $1,980,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,840,000
      RETAIL STORES
      $1,785,000
      COMMERCIAL (GENERAL)
      $1,435,000
      WAREHOUSE, STORAGE
      $1,215,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.294
    Latitude
    34.0541
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $21,584
    $1,150,000
    $600,620
    $1,750,620
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,682 SF

      1827 11th Pl

      BOARDING/ROOMING HOUSE • 1,682 SF
      1827 11th Pl, Los Angeles, CA 90006-4101
      View Details
    • Value Estimation by Request
      3,626 SF

      1820 11th St

      BOARDING/ROOMING HOUSE • 3,626 SF
      1820 11th St, Los Angeles, CA 90006-4169
      View Details
    • Value Estimation by Request
      3,010 SF

      1047 Westlake Ave

      BOARDING/ROOMING HOUSE • 3,010 SF
      1047 Westlake Ave, Los Angeles, CA 90006-3717
      View Details
    • Value Estimation by Request
      2,540 SF

      1207 Bonnie Brae St

      BOARDING/ROOMING HOUSE • 2,540 SF
      1207 Bonnie Brae St, Los Angeles, CA 90006-4111
      View Details
    • Value Estimation
      $790,000
      4,232 SF

      1324 Westlake Ave

      BOARDING/ROOMING HOUSE • 4,232 SF
      1324 Westlake Ave, Los Angeles, CA 90006-5013
      View Details
    • Value Estimation by Request
      10,528 SF

      1150 Lk St

      BOARDING/ROOMING HOUSE • 10,528 SF
      1150 Lk St, Los Angeles, CA 90006-3608
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ready-to-Issue Affordable Housing Development

      Shovel-ready, 90-unit affordable housing development opportunity in Los Angeles.
      2716 James M Wood Blvd, Los Angeles, CA 90006
      View Details
    • $1,199,999
      2,928 SF

      Korea Town Multifamily Investment Opportunity

      Charming 5-unit commercial complex in Korea Town with income potential.
      1050 S Berendo St, Los Angeles, CA 90006
      View Details
    • $1,350,000
      2,432 SF

      Koreatown Duplex: Income Opportunity

      Duplex in Koreatown with two 3-bedroom, 2-bathroom units.
      1147 S Kenmore Ave, Los Angeles, CA 90006
      View Details
    • $1,556,000
      0.14 Acres

      Multi-Family Income Properties in Los Angeles

      Two adjacent income properties totaling 11 units near Downtown Los Angeles.
      964 S New Hampshire Ave, Los Angeles, CA 90006
      View Details
    • $1,600,000
      3,564 SF

      Koreatown Fourplex Investment Opportunity

      Well-maintained fourplex in prime Koreatown with strong income potential.
      1132 S Oxford Ave, Los Angeles, CA 90006
      View Details
    • $5,500,000
      35,892 SF

      Mixed-Use Building in Pico Union

      43-unit mixed-use building with upside potential in Pico Union.
      2709 W Pico Blvd, Los Angeles, CA 90006
      View Details

    Similar Nearby for Lease

    • $3,988 /Mo
      1,943 SF

      Modern Townhouse with Premium Finishes

      Spacious 5 bed, 5 bath townhouse with modern upgrades.
      1822 S Orchard Ave, Los Angeles, CA 90006
      View Details
    • $3 SF/Yr
      1,224 SF

      Retail Space on Pico Boulevard

      Retail space available for rent on West Pico Boulevard.
      2105 W Pico Blvd, Los Angeles, CA 90006
      View Details
    • $42 SF/Yr
      1,800 SF

      Olympic Blvd Restaurant Space

      Prime LA location, 1800 sq ft.
      2300A Olympic Blvd, Los Angeles, CA 90006
      View Details
    • Contact for pricing
      4,100 SF

      Pico Blvd Retail Space For Lease

      Prime Los Angeles Retail, 4100 SF Available
      2474 Pico Blvd, Los Angeles, CA 90006
      View Details
    • $21 SF/Yr
      24,055 SF

      Western Ave Retail Center

      Prime Los Angeles Retail Space Available
      1700 Western Ave, Los Angeles, CA 90006
      View Details
    • $4,125 /Mo
      1,837 SF

      Koreatown Townhome with Modern Amenities

      Spacious 5-bedroom, 5-bathroom townhome in Koreatown, built in 2021.
      1423 New Hampshire Ave, Los Angeles, CA 90006
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    951 Berendo St
    Los Angeles, CA 90006-6013
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.