Seven units on Berendo Street in 2015, at about $85,700 a unit
1218 S Berendo St in Pico-Union closed on February 26, 2015 at $600,000. That is about $85,700 a unit. It is an old building in the city, on R3 land, and its rents fall under the city rent control law.
| Address | 1218 S Berendo St, Los Angeles, CA 90006 |
|---|---|
| Units | 7 |
| Building size | 2,880 sq ft |
| Built | 1911 |
| Closed at | $600,000 |
| Closed on | February 26, 2015 |
The county file for this parcel is on its building page.
Rent control came with the building.
The Los Angeles Rent Stabilization Ordinance reaches rental units built on or before October 1, 1978, and this building is far older than that. A buyer takes on tenants whose rent can only rise by the city yearly limit, along with the city rules on relocation.
Nine years later on the same street.
In January 2024 I closed a duplex further down the same street, at 1344 S Berendo, at about $368,500 a unit. They are different kinds of buildings, so the two numbers are not a clean measure of how far the street has moved. They are two real sales a few blocks apart, nine years apart.
Closed by Shaya Lowenstein, CA DRE #01942326. The address, size and closing figures are from the closed-sales record on this site and can be checked against the Los Angeles County recorder.
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