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743 S Berendo Street

Los Angeles, CA 90005
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Bed 11

Bed

Bath 16

Bath

SqFt9,955

Sqft

SqFt12,001

Sqft(Lot)

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 health y 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 rate and 7.70 GRM, offering meaningful upside while maintaining operational stability

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,900,000

AD Id : 90991724

MLS Id : 26937237

Beds : 11

Lot Size : 12,001 Sq. Ft

Living Area Size : 9,955 Sq. Ft

Year Built : 1950

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 11

    Bathroom Information

    Total Baths: 16

    Roofing Information

    Composition, Shingle
  • Interior Features

    Roof: Composition, Shingle
    Appliances: Refrigerator, Dryer, Washer
    Laundry Features: CommonArea
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1950
    Building Area Total: 9955
    Construction Materials: Stucco
    Pool Features: None
    Private Pool: No
    View: CityLights

  • Lot Information

    Lot Dimensions: 80x150 Main Square Feet: 12001 Lot Size Acres: 0.2755 Lot Size Square Feet: 12,001 Lot Description: RectangularLot

  • Listing Price Information

    Listing Price: $2900000

  • Tax Information

    Parcel Number: 5094009017

  • Location Information

    Direction: Heading West on 8th St. Turn North on Berendo. The subject property is located on the West side of the street.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
830 S Hoover Street, Los Angeles, CA, 90005 $2,495,000 6 -- 8,080 6,310 Sq. Ft
681 Shatto Place, Los Angeles, CA, 90005 $5,299,000 1 30 24,642 10,759 Sq. Ft
2961 W 8th Street, Los Angeles, CA, 90005 $1,150,000 6 2 3,001 5,990 Sq. Ft
811 S Vermont Avenue, Los Angeles, CA, 90005 $1,699,000 -- -- 4,676 7,241 Sq. Ft
747 S New Hampshire Ave.., Los Angeles, CA, 90005 $3,495,000 -- -- 14,188 11,365 Sq. Ft
810 S Berendo Street, Los Angeles, CA, 90005 $4,500,000 30 30 12,747 7,252 Sq. Ft
674 S Catalina Street, Los Angeles, CA, 90005 $2,900,000 12 -- 7,472 8,702 Sq. Ft
749 S Berendo, Los Angeles, CA, 90005 $1,384,000 1 2 -- 8,997 Sq. Ft
869 Irolo Street, Los Angeles, CA, 90005 $1,999,000 4 2 3,214 6,674 Sq. Ft
709 S Kingsley Drive, Los Angeles, CA, 90005 $6,850,000 21 21 11,216 6,758 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/15/2026 @ 08:16

MLS: 26937237 LISTED BY: William James, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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