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Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$2,550,000

Est. payment - /mo

11 Beds

14 Baths

6,216 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26091845

Bedrooms 11

Lot Size 6,216 Sqft

Property Sub-Type Res Income 2-4 Units

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 LAs 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 propertys reliability for long-term income. Surrounded by Michelin Guide recognized restaurants including Saffys, 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

Location

State CA

County Los Angeles

Zoning Builder

Direction From the 101 Freeway, exit Vermont Avenue, head south, turn left on Santa Monica Boulevard into the heart of Virgil Village, the

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 5540024013

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Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc.

Nearby School & Business

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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1121 N Berendo Hollywood, CA 90006

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

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Nearby School & Business

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