743 S Berendo ST
Los Angeles, CA, 90005
$3,200,000
12 Beds
16 Baths
9,955 SqFt
0.28 Acres
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MLS #26633191 image #0
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
Mid Century ModernCommunity GatedC17 – Mid-wilshireC17midwilshireCity Lights

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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

Gross Operating Income
$335,589
Net Operating Income
$218,172

Map

Community

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.

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