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147 North Berendo Street

147 North Berendo Street, Los Angeles, CA 90004
Sold Dec 06, 2021
$3,900,000
$2,289,000 by Cathay Bank
Mortgage
Sold May 09, 2018
$2,900,000
$1,835,000 by Banc Of California Na
Mortgage
147 North Berendo Street has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1923 and is 101 years old. However, we must point out that the home was most recently renovated and altered in 1927. The home has a total of 20 bedrooms. Residents will have access to 20 full bathrooms. There are 20 partial bathrooms in the home. The building has a total of 2 stories. In addition, 147 North Berendo Street has 8,800 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,500 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a flat style roof made of gravel/rock. The exterior walls of the building are made of stucco. The inside of the home is being cooled with air conditioning at the moment. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 147 North Berendo Street sold most recently in Oct 25, 2021 for a total of $3,900,000. If you work out the math, that's approximately a cost of $443.18 per sqft. Before that, the property was also sold for $2,900,000 in Apr 30, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $46,971 in taxes each year. 147 North Berendo Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,978,000. If we break it down further, the land itself was valued at $3,060,000. Improvements to the property, however, were assessed at a total of $918,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1927
  • Building Count: 1
  • Bedroom Count: 20
  • Bathroom Count: 20
  • Full Bathrooms: 20
  • Partial Bathrooms: 20
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Gravel/rock
  • Floor Count: 2
  • Living Units: 20
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 8,800
  • Gross Building Area: 8,800
  • Building Area: 8,800
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 8,800
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 3247
  • Land Acres: 0.172
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TRACT # 3247 LOT/SEC 106

Ownership

  • Current Owner : SIC OPPORTUNITY ZONE NEW HAMPSHIRE LP
  • Previous Owner : 147 N NEW HAMPSHIRE AVE LLC
  • Owner Before Previous Owner: JSH HOLDINGS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 211202

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 34-F6
  • Subdivision Tract Number: 3247
  • Parcel: 5518-027-019
  • Lot: 106
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0741
  • Longitude: -118.293

    Address

  • Full Address: 147 N New Hampshire Ave
  • Address - House Number: 147
  • Street Direction: N
  • Address - Street Name: New Hampshire
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C023
  • 4-Digit Zip Code: 4776
  • Zip Code: 90004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $46,971
  • Tax Rate Code Area: 08-830

    Appraisal Valuation

  • Standard Deviation: 0.2198
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 56
  • Final Value: 3,901,724
  • High Value: 4,759,709
  • Low Value: 3,043,738

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,289,000
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: Jan 11, 2022
  • First Open Lien Mortgage Loan Amount: $2,289,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,978,000
  • Assessed Land Value: $3,060,000
  • Assessed Improvements Value: $918,000

    Sales

  • Current Sale Contract Date: Oct 25, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Transaction ID: 11871613317
  • Current Sale Price: $3,900,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1803616
  • Previous Sale Recording Date: May 09, 2018
  • Previous Sale Contract Date: Apr 30, 2018
  • Previous Sale Amount: $2,900,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: BANC OF CALIFORNIA NA
  • Previous Mortgage Transaction Date: May 09, 2018
  • Previous Mortgage Loan Amount: $1,835,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Central LA



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Frequently Asked Questions

What neighborhood is 147 North Berendo Street located in?
The 147 North Berendo Street is a located in the neighborhood of Wilshire Center - Koreatown in Central LA, Los Angeles.
What is the average sales price for listings in 147 North Berendo Street?
The average sales price for units in 147 North Berendo Street is $0 currently.

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