743 S Berendo Street, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
743 S Berendo Street,Los Angeles, CA 90005
$2,900,000
  • 11 Beds
  • 16 Baths
  • 9,955 sq. ft.
  • Multi-family
  • Pending
Listed by: william james, peter james
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26937237
Source:CRMLS

Price summary

  • Price:$2,900,000
  • Price per sq. ft.:$291.31

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 $2,900,000, the property is currently priced at a 7.63% cap rate and 98.37 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 6.0% interest rate and a healthy 1.52 debt coverage ratio, resulting in approximately 6.30% cash-on-cash return on current operations. With continued rent growth to market levels, the property projects to a 8.07% pro forma cap...

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Home facts

  • Year built:1950
  • Listing ID #:26937237
  • Added:69 day(s) ago
  • Updated:November 12, 2026 at 09:16 AM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:16
  • Kitchen Description:Refrigerator
  • Living area:9,955 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

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

Finances and disclosures

  • Price:$2,900,000
  • Price per sq. ft.:$291.31

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:9
  • Parking description:Assigned, Uncovered
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