1121 N Berendo St - 100% LEASED, 2021 FOURPLEX W/ 4 YEARS PROVEN 4 Unit Apartment Building Offered at $3,462,900 CAD at a 5.52% Cap Rate Los Angeles, CA 90029

The 2-4 Unit Specialists are pleased to present 1121 N Berendo, 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. Floorplans 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 LA’s fastest-growing
Eastside submarkets minutes from Silver Lake and Los Feliz. Current market rents are
$3,995/mo (achieved 05/26), $3,995 (achieved 12/25), $3,800/mo, and $3,500/mo (2 bed).
Strong occupancy since 2021 reinforces the property’s reliability for long-term income.
Surrounded by Michelin Guide recognized restaurants including Saffy’s, 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 nightlife.
With its proven operating history, desirable unit mix, larger and more functional layouts,
and prime Virgil Village (Silver Lake adj.) location, 1121 N Berendo offers a rare opportunity to
secure a dependable, income-producing asset in one of Los Angeles’s most in-demand
rental markets