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.
Property Details
Price:
$3,200,000
MLS #:
26633191
Status:
Active
Beds:
12
Baths:
16
Type:
Single Family
Neighborhood:
c17midwilshire
Listed Date:
Jan 13, 2026
Finished Sq Ft:
9,955
Total Sq Ft:
9,955
Lot Size:
12,001 sqft / 0.28 acres (approx)
Year Built:
1950
See this Listing
Schools
Interior
Appliances
RF
Cooling
WW
Heating
WL
Laundry Features
CM, IR, DINC, WINC
Exterior
Architectural Style
MCM
Construction Materials
STC
Parking Spots
9
Roof
CMP, SHN
Security Features
SD, COD, CRD, GC, MGR
Financial
Map
Community
- Address743 S Berendo ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90005
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Feb 02, 2026
6,874
Single Family Listed
67
Avg DOM
507
Avg $ / SqFt
$1,487,157
Avg List Price
Property Summary
- 743 S Berendo ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90005. It is listed for $3,200,000 and features 12 beds, 16 baths, and has approximately 9,955 square feet of living space, and was originally constructed in 1950. The current price per square foot is $321. The average price per square foot for Single Family listings in Los Angeles is $507. The average listing price for Single Family in Los Angeles is $1,487,157.
Similar Listings Nearby
743 S Berendo ST
Los Angeles, CA


