CA > Los Angeles
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 90005,743 S Berendo ST
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Lardner Valenzuela

Lardner Valenzuela

+1(619) 948-5226
$ 3,200,000
Est. payment | /mo

12 Beds

16 Baths

9,955 SqFt

Save
$ 3,200,000
Est. payment | /mo
Save

12 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 $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 – RECore
Listed by William James Lyon Stahl Investment Real Estate, Inc.
Lardner Valenzuela

Lardner Valenzuela

Agent | License ID: 01836213

+1(619) 948-5226

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743 S Berendo ST