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CA
Los Angeles
Los Angeles
90005
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CA
Los Angeles
Los Angeles
90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
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$3,200,000

743 S Berendo Street, Los Angeles, CA, 90005

ACTIVE
13 Photos
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
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743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
743 S Berendo Street, Los Angeles, CA, 90005
Listing Agent: William James
Listing Office: Lyon Stahl Investment Real Estate, Inc.
Attribution contact: 310-600-9858

Information

Price: $3,200,000
Days On Market: 83
Year Build: 1950
Square Footage: 9,955 Sq ft
Bedrooms: 12
MLS ID: 26633191
Status: Active

Details

Address: 743 S Berendo Street
County: Los Angeles
City: Los Angeles
Zip: 90005
State: California

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

Listed By

Listing Agent

William James

will@lyonstahl.com
310-600-9858
Lyon Stahl Investment Real Estate, Inc.
Co-Listing Agent

Peter James

Lyon Stahl Investment Real Estate, Inc.

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The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 28th April, 2026 9:12 AM (UTC)