743 S Berendo St , Los Angeles, CA 90005
$2,900,000
Est. Payment: $15,488.03/mo
3 Bed
3 Bath
9955 Sqft
Status: Active | Days on site: 8
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CLW-X82195 - CLW-X93306,CLW-C138168
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House 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

Highlights

Listed by William James , 310-600-9858 and Peter James , 310-467-7581 Lyon Stahl Investment Real Estate, Inc. , 310-425-9838. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.28

Year Built

1950

County

Los Angeles

Area

C17 - Mid-Wilshire

Listing ID

26937237

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3
  • Full Bathrooms:0
Appliances:Refrigerator, Dryer, Washer
Air Cond:Wall/Window Unit(s)
Fireplaces:

Exterior Features

Lot:Rectangular Lot,No Land Lease
Lot Dimensions:80x150
Garage Capacity:9
Zoning:LAR4
Roof:Composition,Shingle
Others:
  • Additional:Stucco, 2+ Total Units
Parking Features:Assigned,Uncovered
Principal Interest
$15,488
Taxes
$1,849

Home Price

$2,900,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$580,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,488.03

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,488.03 $1,848.75 $0.00 $17,336.78
Yearly $185,856.36 $22,185.00 $0.00 $208,041.36
Total $5,575,690.70 $665,550.00 $0.00 $6,241,240.70

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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