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$2,900,000

  • For Sale
  • Active
  • Multi-Family
  • 11 Total Beds
  • Updated 8 days ago
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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

Full Property Details for 743 S Berendo St

General

  • Price: $2,900,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26937237
  • Updated: 9/3/2026
  • Added to Site: 11 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 16

Bedrooms

  • Total Bedrooms: 11

Other Rooms

  • Laundry: Community, Laundry Area

Additional Information

  • Pool Description: None
  • Spa Description: None
  • Security/Safety: None
  • Other Features: None

Parking

  • Garage Description: Assigned, Uncovered

Location

  • Area: Mid-Wilshire
  • County: Los Angeles
  • Cross Streets: Berendo & 8th St.
  • Driving Directions: Heading West on 8th St. Turn North on Berendo. The subject property is located on the West side of the street.
  • Direction Faces: East

Heating & Cooling

  • Cooling Type: Wall/Window
  • Heating Type: Wall

Utilities

  • Water: Public

Structural Information

  • # Buildings: 1
  • Architectural Style: Mid-Century
  • Exterior Const.: Stucco
  • Roof: Composition, Shingle
  • Common Walls: Attached
  • Entry Location: Main Level
  • Stories/Levels: 0
  • Square Feet: 9,955
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1950
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 16
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.2755
  • Lot Size: 12001
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 80 x 150
  • Alley: Yes
  • Lot Features: City
  • Zoning: LAR4
  • Lot Description: Single Lot, Lot Shape-Rectangular, Exterior Security Lights, Fenced, Alley Paved

Financial Considerations

  • Price Per Sq. Ft.: $291.31
  • Price Per Unit: 181250
  • Assessment Year: 1950
  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5094-009-017

Listed by Lyon Stahl Investment Real Estate, Inc., William James and Lyon Stahl Investment Real Estate, Inc., Peter James

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Listing agents

— 743 S Berendo St —

  • William James

    Lyon Stahl Investment Real Estate, Inc.

  • Peter James

    Lyon Stahl Investment Real Estate, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 743 S Berendo St

School District:Los Angeles Unified School District
NameGradesDistance
Rfk Community Schools-New Open World Academy K-12
3201 W. Eighth St., Los Angeles, CA 90010
K-80.1 mi
Rfk Community Schools - Ambassador School - Global Education
3201 West 8th Street, Los Angeles, CA 90005
K-50.1 mi
UCLA Community School
700 South Mariposa Avenue, Los Angeles, CA 90005
9-120.2 mi
Rfk Community Schools-Ambassador-Global Leadership
701 South Catalina Street, Los Angeles, CA 90005
6-80.2 mi
Young Oak Kim Academy
615 Shatto Place, Los Angeles, CA 90005
6-80.4 mi
Rfk Community Schools-Los Angeles High School Of The Arts
701 South Catalina Street, Los Angeles, CA 90005
9-120.2 mi
Rfk Community Schools- For The Visual Arts And Humanities
701 South Catalina Street, Los Angeles, CA 90005
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 743 S Berendo St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/01/2026
Listed
$2,900,000
218.68%
MLS
10/04/2002
Sold
$910,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 743 S Berendo St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,569
—
$1,344,328
2%
2025
$17,569
3%
$1,317,969
4%
2023
$16,996
4%
$1,270,752
2%
2022
$16,266
2%
$1,245,914
2%
2021
$16,023
-1%
$1,221,563
1%
2020
$16,167
4%
$1,209,079
2%
2019
$15,579
2%
$1,181,490
2%
2018
$15,347
2%
$1,158,325
2%
2017
$14,996
3%
$1,135,613
2%
2016
$14,568
1%
$1,113,347
2%
2015
$14,371
-1%
$1,096,625
2%
2014
$14,523
—
$1,075,145
—
2013
$14,518
—
$1,070,287
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 743 S Berendo St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Lyon Stahl Investment Real Estate, Inc., William James and Lyon Stahl Investment Real Estate, Inc., Peter James

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743 S Berendo St, Los Angeles, CA 90005 (MLS# 26937237) is a Multi-Family property with units containing 11 bedrooms and 0 full bathrooms. 743 S Berendo St is currently listed for $2,900,000 and was received on September 01, 2026. Want to learn more about 743 S Berendo St? Do you have questions about finding other Multi-Family real estate for sale in Mid-Wilshire? You can browse all Mid-Wilshire real estate or contact a Coldwell Banker agent to request more information.

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