Properties

Los Angeles, CA 90005 743 S Berendo Street

743 S Berendo Street Los Angeles, CA - Image 1743 S Berendo Street Los Angeles, CA - Image 2743 S Berendo Street Los Angeles, CA - Image 3
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743 S Berendo Street Los Angeles, CA - Image 4743 S Berendo Street Los Angeles, CA - Image 5743 S Berendo Street Los Angeles, CA - Image 6743 S Berendo Street Los Angeles, CA - Image 7743 S Berendo Street Los Angeles, CA - Image 8743 S Berendo Street Los Angeles, CA - Image 9743 S Berendo Street Los Angeles, CA - Image 10743 S Berendo Street Los Angeles, CA - Image 11743 S Berendo Street Los Angeles, CA - Image 12
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
  • MLS# 26633191
  • 01/05/2026
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  • Beds • 12
  • Baths • 5
  • SQFT • 9,955

Home Details

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.
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;

Interior Features for 743 S Berendo Street

Bedrooms

Total Bedrooms12

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16

Other Interior Features

Air Conditioning Y/NYes
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area, Laundry Room
Total Stories2

Other Rooms

Entry Level1

General for 743 S Berendo Street

Additional Parcels Y/NNo
AppliancesRefrigerator, Dryer, Washer
Architectural StyleMid-Century Modern
Cap Rate6.82
Carport Y/NYes
CityLos Angeles
Community FeaturesGated
Construction MaterialsStucco
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsHeading North on Vermont, turn West on 8th. Take Berendo North. The property is on the West side of the street.
Entry LocationGround Level w/steps
Facing DirectionEast
Full Baths
Garage Spaces
Garage Y/NNo
Gross Income345968
HOANo
HeatingWall Furnace
LevelsMulti/Split
Living Area9955
Lot Size Square Feet12001
Lot Size UnitsSquare Feet
MLS AreaC17 - Mid-Wilshire
Net Operating Income218172
New ConstructionNo
Number Of Units Total16
Occupancy TypeTenant
Open Parking Spaces9
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition, Shingle
Security FeaturesCarbon Monoxide Detector(s), Gated Community, Key Card Entry, Resident Manager, Smoke Detector(s)
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas
ViewCity Lights
Year Built1950
ZoningLAR4

Exterior for 743 S Berendo Street

Building Area Total9955
Lot Dimensions80x150
Lot Size Acres0.2755
Lot Size Area12001
Number of Buildings1
Parking FeaturesAssigned, Carport, Uncovered
Private PoolNo
SpaNo
Total Parking9

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,200,000
MLS#26633191
List Date 01/05/2026
Property Type Multi-Family
Phone 888.795.6274
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Request Info
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