749 S Berendo, Los Angeles, CA 90005
Local realty services provided by:ERA Excel Realty
749 S Berendo,Los Angeles, CA 90005
$1,384,000
- - Beds
- - Baths
- 5,720 sq. ft.
- Multi-family
- Active
Listed by: todd schwartz
Office: hanes investment realty, inc.818-825-5100
MLS#:SR26132353
Source:CRMLS
Price summary
- Price:$1,384,000
- Price per sq. ft.:$241.96
About this home
The Berendo property currently consists of a turn-key ten multifamily units zoned LAR4-2, high density offering solid redevelopment potential. LAR4-2 zoning in Los Angeles permits high-density residential development, including apartment houses, multiple dwellings, and mixed use projects. The "LAR4" portion allows for 1 dwelling unit per 400 sq. ft. of lot area, while the "2" indicates a Height District 2 designation, generally allowing for unlimited height. Approximately 32% upside in rents. Separately metered for gas and electric. Individual water heaters. Pitched built up roof, raised foundation, gated. Fourteen parking spaces with new automatic gate. Well maintained property. Professionally managed. Excellent transportation. 96 Walkscore. Most recent single unit rented at $1,475 (June 2026). Newly reconstructed second floor exterior walkway. One block from Robert F. Kennedy Community School. Gated frontage and entry. Low maintenance landscaping. Unit mix consists of two, one bedroom units and eight large singles with kitchens. Can be delivered with two vacancies. Gross Rent Multiplier 9.95 at current rents, 7.54 at market. Capitalization rate 5.50% current, 8.16 at market. $138,400 cost per unit. $212 cost per square foot. Current rent per square foot at $2.30, estimated rent per square foot at market $2.67. Large lot with most parking leased separately....
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Home facts
- Year built:1956
- Listing ID #:SR26132353
- Added:6 day(s) ago
- Updated:July 01, 2026 at 01:26 PM
Rooms and interior
- Living area:5,720 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1956
- Building area:5,720 sq. ft.
- Lot area:0.21 Acres
- Construction Materials:Frame, Stucco
- Foundation Description:Raised
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,384,000
- Price per sq. ft.:$241.96
Parking
- Total parking spaces:14
- Parking description:Asphalt Driveway, Assigned
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