Los Angeles, CA 90005,743 S Berendo St
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Los Angeles, CA 90005,743 S Berendo St
Los Angeles, CA 90005,743 S Berendo St
Los Angeles, CA 90005,743 S Berendo St
Los Angeles, CA 90005,743 S Berendo St
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Gabriel Carrasco

Gabriel Carrasco

+1(424) 422-6029
$ 3,200,000
Est. payment /mo
Save
Active

743 S Berendo St Los Angeles, CA 90005

12 Beds

16 Baths

9,955 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,955 sqft

Price per Sqft $321

MLS Listing ID 26633191

Style Mid-Century

Bedrooms 12

Year Built 1950

Lot Size 0.276 Acres

Acres 0.2755

Property Sub-Type Multi-Family

Property Description

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 rate and 8.49 GRM, offering meaningful upside while maintaining operational stability.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Fireplaces Type None

Equipment Washer, Dryer, Range/Oven, Refrigerator

Laundry Community, Room, Laundry Area

Exterior

Parking Features Assigned, Carport, Uncovered

Garage Spaces 9.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Roof Type Composition, Shingle

Building

Lot Description Single Lot

Story 2

Sewer In Street

Water Public

Architectural Style Mid-Century

Level or Stories Multi/Split

Structure Type Stucco

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Lyon Stahl Investment Real Estate, Inc.
Gabriel Carrasco

Gabriel Carrasco

Agent | License ID: 02229520

+1(424) 422-6029

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743 S Berendo St