749 S Berendo, Los Angeles, CA 90005
Local realty services provided by:ERA North Orange County Real Estate
749 S Berendo,Los Angeles, CA 90005
$1,384,000
- 1 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: todd schwartz
Office: hanes investment realty, inc.
MLS#:SR26132353
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,384,000
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 28% 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 9.71 at current rents, 7.54 at market. Capitalization rate 5.71% current, 8.16% at market. $138,400 cost per unit. $212 cost per square foot. Current rent per square foot at $2.03, estimated rent per square foot at market $2.67. Large lot with most parking leased separately....
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Home facts
- Listing ID #:SR26132353
- Added:55 day(s) ago
- Updated:August 20, 2026 at 02:06 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:2
Structure and exterior
- Construction Materials:Stucco
Finances and disclosures
- Price:$1,384,000
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