Active

749 S Berendo

Los Angeles, CA 90005
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt5,720

Sqft

SqFt8,997

Sqft(Lot)

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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $1,384,000

AD Id : 86162453

MLS Id : SR26132353

Lot Size : 8,997 Sqft

Living Area Size : 5,720

Year Built : 1956

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: See Remarks Fireplace: None
  • Cooling Features

    None Air Conditioning

    Heating Source

    Wall Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1956 Building Area Total: 5,720 Construction: Frame,Stucco Roof: See Remarks
  • Foundation

    Raised
  • Pool Features

    None

    Laundry Features

    None

    Fencing

    See Remarks

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2065
  • Lot Size Source: Assessor Lot Size Square Feet: 8997

  • Listing Price Information

    Original List Price: 1,384,000 Listing Contract Date: 2026-05-15
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5094009018

  • Garage and Parking

    Garage Description: Assigned,Asphalt

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: KREA - Koreatown Directions: One block from Robert F. Kennedy Community School Zoning: LAR4-2 Source Property Type: Residential Income Area: KREA - Koreatown Property SubType: Apartment
  • Building and Construction

    Property Age: 70 Common Walls: 2+ Common Walls Property Condition: Turnkey Structure Type: Apartment Year Built Source: Assessor Entry Level: 12 Entry Location: 1 & 2 floors Property Attached: Yes
Sell a home like this and save $82,541 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

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 8,080 SqFt
2939 Leeward #212, Los Angeles, CA, 90005 $1,199,999 3 3 1,690 1,690 SqFt
681 Shatto Place, Los Angeles, CA, 90005 $5,299,000 -- -- 24,642 24,642 SqFt
2961 W 8th Street, Los Angeles, CA, 90005 $1,250,000 6 2 3,001 3,001 SqFt
674 S Catalina Street, Los Angeles, CA, 90005 $2,900,000 12 -- 7,472 7,472 SqFt
743 S Berendo Street, Los Angeles, CA, 90005 $3,200,000 12 -- 9,955 9,955 SqFt
836 S Catalina Street, Los Angeles, CA, 90005 $2,250,000 8 -- 5,322 5,322 SqFt
741 S Hobart Boulevard, Los Angeles, CA, 90005 $3,999,000 15 -- 11,230 11,230 SqFt
3951 Ingraham Street, Los Angeles, CA, 90005 $7,700,000 23 -- 21,100 21,100 SqFt
705 S Gramercy Place, Los Angeles, CA, 90005 $1,490,000 6 -- 3,640 3,640 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/26/2026 @ 10:32

MLS: SR26132353 LISTED BY: Todd Schwartz, Hanes Investment Realty, Inc. 818-825-5100 SOURCE: CRMLS

Homes around $1,384,000

Selling? Save $82,541 when you sell a home like this

Tour with a ByOwner Agent