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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
Property Location and Similar Properties
- MLS#: 26633191 ( )
- Street Address: 743 Berendo Street
- Viewed: 5
- 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

- DMCA Notice
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Description743 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
- Refrigerator
Architectural Style
- Mid Century Modern
Building Area Total
- 9955.00
Common Walls
- 1 Common Wall
Construction Materials
- Stucco
Cooling
- Wall/Window Unit(s)
Country
- US
Direction Faces
- East
Entry Location
- Ground Level w/steps
Fireplace Features
- None
Garage Spaces
- 0.00
Heating
- Wall Furnace
Laundry Features
- Washer Included
- Dryer Included
- Community
- Individual Room
Levels
- Multi/Split
Netoperatingincome
- 218172.00
Parcel Number
- 5094009017
Parking Features
- Assigned
- Carport
- Uncovered
Pool Features
- None
Roof
- Composition
- Shingle
Security Features
- Smoke Detector(s)
- Resident Manager
- Carbon Monoxide Detector(s)
- Card/Code Access
- Gated Community
Sewer
- Other
Sourcesystemkey
- 26633191:CLAW
Spa Features
- None
Tenant Pays
- Gas
- Electricity
Totalexpenses
- 117416.00
Uncovered Spaces
- 9.00
Vacancyallowance
- 1696
View
- City Lights
Year Built
- 1950
Zoning
- LAR4
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com














