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
743 S Berendo ST, Los Angeles, CA 90005
743 S Berendo ST, Los Angeles, CA 90005
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jacob Raabe

Jacob Raabe

+1(949) 478-2551
$ 2,900,000
Est. payment | /mo

11 Beds

16 Baths

9,955 SqFt

Save
$ 2,900,000
Est. payment | /mo
Save

11 Beds

16 Baths

9,955 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,955 sqft

Price per Sqft $291

MLS Listing ID 26937237

Bedrooms 11

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 $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 healthy 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

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

Exterior

Parking Features Assigned, Uncovered

Pool None

View Y/N Yes

View City Lights

Roof Type Composition,Shingle

Total Parking Spaces 9

Private Pool No

Building

Lot Description Rectangular Lot

Faces East

Entry Level Multi/Split

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5094009017

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

Jacob Raabe

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 478-2551

jacob@raabeproperties.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from Jacob Raabe, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

743 S Berendo ST