743 S Berendo Street, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
743 S Berendo Street,Los Angeles, CA 90005
$3,200,000
  • 12 Beds
  • 16 Baths
  • 9,955 sq. ft.
  • Multi-family
  • Active
Listed by: william james, peter james
Office: lyon stahl investment real estate, inc.
MLS#:26633191
Source:CRMLS

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$321.45

About this home

743 S. Berendo Street represents an opportunity to acquire a stabilized, well-performing multifamily asset in Prime Koreatown, ideally located one block south of Wilshire Boulevard and just two blocks from the Wilshire/Vermont Metro Station. The property benefits from a 94 Walk Score ("Walker's Paradise"), offering residents exceptional walkability to neighborhood retail, dining, and transit key drivers of sustained rental demand in this submarket. Offered at an asking price of $3,200,000, the property is currently priced at a 6.92% cap rate and 9.29 GRM, providing solid going-in returns in one of Los Angeles' most supply-constrained rental markets. The asset supports favorable financing assumptions, including approximately 70% loan-to-value at an estimated 5.65% interest rate and a healthy 1.39 debt coverage ratio, resulting in approximately 6.91% cash-on-cash return on current operations. With continued rent growth to market levels, the property projects to a 7.31% pro forma cap...

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Home facts

  • Year built:1950
  • Listing ID #:26633191
  • Added:72 day(s) ago
  • Updated:March 23, 2026 at 01:18 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:16
  • Kitchen Description:Refrigerator, Washer
  • Living area:9,955 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1950
  • Building area:9,955 sq. ft.
  • Lot area:0.28 Acres
  • Architectural Style:Mid Century Modern
  • Construction Materials:Stucco
  • Levels:Multi Split

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$321.45

Features and amenities

  • Appliances:Dryer, Refrigerator, Washer
  • Laundry features:Common Area, Dryer, Laundry Room, Washer
  • Amenities:Carbon Monoxide Detectors, Gated Community, Key Card Entry, Resident Manager, Smoke Detectors

Parking

  • Total parking spaces:9
  • Parking description:Assigned, Carport, Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of March 23, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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