743 S Berendo Street, Los Angeles, CA 90005
Local realty services provided by:CENTURY 21 Fort Bragg Realty
743 S Berendo Street,Los Angeles, CA 90005
$3,200,000
- 12 Beds
- 16 Baths
- 9,955 sq. ft.
- Multi-family
- Active
Listed by: william james, peter james
Office: lyon stahl investment real estate, inc.
MLS#:26633191
Source:CRMLS
Price summary
- Price:$3,200,000
- Price per sq. ft.:$321.45
About this home
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.
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Home facts
- Year built:1950
- Listing ID #:26633191
- Added:1 day(s) ago
- Updated:January 10, 2026 at 01:10 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:16
- Living area:9,955 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Roof:Composition, Shingle
- Year built:1950
- Building area:9,955 sq. ft.
- Lot area:0.28 Acres
Finances and disclosures
- Price:$3,200,000
- Price per sq. ft.:$321.45
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