743 S Berendo ST
Los Angeles, CA, 90005
$2,900,000
11 Beds
16 Baths
9,955 SqFt
0.28 Acres
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MLS #26937237 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 $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

Property Details

Price:
$2,900,000
MLS #:
26937237
Status:
Active
Beds:
11
Baths:
16
Type:
Single Family
Neighborhood:
c17midwilshire
Listed Date:
Sep 3, 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 ModernC17 – Mid-wilshireC17midwilshireCity Lights

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Schools

Interior

Appliances
RF
Cooling
WW
Heating
WL
Laundry Features
CM, DINC, WINC
Levels
S

Exterior

Architectural Style
MCM
Common Walls
_1CW
Construction Materials
STC
Direction Faces
E
Parking Spots
9
Parking Total
9
Roof
CMP, SHN
Spa Features
NO
View
CI

Financial

Gross Operating Income
$338,333
Net Operating Income
$221,309

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Sep 05, 2026
7,547
Single Family Listed
88
Avg DOM
419
Avg $ / SqFt
$1,556,322
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 $2,900,000 and features 11 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 $291. The average price per square foot for Single Family listings in Los Angeles is $419. The average listing price for Single Family in Los Angeles is $1,556,322.

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743 S Berendo ST
Los Angeles, CA