743 S Berendo ST, Los Angeles, CA 90005
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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, Los Angeles, CA 90005
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John Hickey

John Hickey

+1(818) 434-6696
$ 3,200,000
Est. payment /mo
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Active

743 S Berendo ST Los Angeles, CA 90005

12 Beds

16 Baths

9,955 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,955 sqft

Price per Sqft $321

MLS Listing ID 26633191

Bedrooms 12

HOA Y/N No

Year Built 1950

Lot Size 0.275 Acres

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 C17 - Mid-Wilshire

Zoning LAR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Refrigerator, Dryer, Washer

Laundry Common Area, Laundry Room

Exterior

Parking Features Assigned, Carport, Uncovered

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Roof Type Composition,Shingle

Total Parking Spaces 9

Private Pool No

Building

Faces East

Story 2

Entry Level Multi/Split

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5094009017

Security Features Carbon Monoxide Detector(s),Gated Community,Key Card Entry,Resident Manager,Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by William James Lyon Stahl Investment Real Estate, Inc. #01734419

NEARBY SCHOOLS & PROPERTIES

John Hickey

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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743 S Berendo ST