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743 Berendo Street, Los Angeles, CA 90005
Priced at Only: $3,200,000
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Address: 743 Berendo Street, Los Angeles, CA 90005
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  • MLS#: 26633191 ( )
  • Street Address: 743 Berendo Street
  • Viewed: 4
  • Price: $3,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Days On Market: 30
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90005
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: William William
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Appliances
  1. Refrigerator
Architectural Style
  1. Mid Century Modern
Building Area Total
  1. 9955.00
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Stucco
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Direction Faces
  1. East
Entry Location
  1. Ground Level w/steps
Fireplace Features
  1. None
Garage Spaces
  1. 0.00
Heating
  1. Wall Furnace
Laundry Features
  1. Washer Included
  2. Dryer Included
  3. Community
  4. Individual Room
Levels
  1. Multi/Split
Netoperatingincome
  1. 218172.00
Parcel Number
  1. 5094009017
Parking Features
  1. Assigned
  2. Carport
  3. Uncovered
Pool Features
  1. None
Roof
  1. Composition
  2. Shingle
Security Features
  1. Smoke Detector(s)
  2. Resident Manager
  3. Carbon Monoxide Detector(s)
  4. Card/Code Access
  5. Gated Community
Sewer
  1. Other
Sourcesystemkey
  1. 26633191:CLAW
Spa Features
  1. None
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 117416.00
Uncovered Spaces
  1. 9.00
Vacancyallowance
  1. 1696
View
  1. City Lights
Year Built
  1. 1950
Zoning
  1. LAR4
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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