743 S Berendo Street, Los Angeles, CA 90005

• 9,955 sqft

Property 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.

Listing Status:

Active

Date Added:

January 5, 2026

Data Last Updated:

February 8, 2026 at 7:06AM

Listing Office:

Lyon Stahl Investment Real Estate, Inc. : 310-425-9838

Listing Agent:

William James : 310-600-9858

MLS ID:

CL26633191

Interior

• Appliances: Dryer
• Laundry: Common AreaDryerLaundry RoomWasher
• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Exterior

• Parking: AssignedOtherUncovered Parking Space

Construction

• General: Stucco

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR45094009017
• View: City Lights

Utilities

• Utilities: Other Water/Sewer
• Water: Other
• Sewer: Other

Financial

• Source: CRMLS