749 S Berendo, Los Angeles, CA 90005 - Photo 1

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$1,384,000

For Sale
Active
Multi-Family
Updated 11 days ago

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Property Description

The Berendo property currently consists of a turn-key ten multifamily units zoned LAR4-2, high density offering solid redevelopment potential. LAR4-2 zoning in Los Angeles permits high-density residential development, including apartment houses, multiple dwellings, and mixed use projects. The "LAR4" portion allows for 1 dwelling unit per 400 sq. ft. of lot area, while the "2" indicates a Height District 2 designation, generally allowing for unlimited height. Approximately 32% upside in rents. Separately metered for gas and electric. Individual water heaters. Pitched built up roof, raised foundation, gated. Fourteen parking spaces with new automatic gate. Well maintained property. Professionally managed. Excellent transportation. 96 Walkscore. Most recent single unit rented at $1,475 (June 2026). Newly reconstructed second floor exterior walkway. One block from Robert F. Kennedy Community School. Gated frontage and entry. Low maintenance landscaping. Unit mix consists of two, one bedroom units and eight large singles with kitchens. Can be delivered with two vacancies. Gross Rent Multiplier 9.95 at current rents, 7.54 at market. Capitalization rate 5.50% current, 8.16 at market. $138,400 cost per unit. $212 cost per square foot. Current rent per square foot at $2.30, estimated rent per square foot at market $2.67. Large lot with most parking leased separately.

Full Property Details

Full Property Details for 749 S Berendo

General

Price: $1,384,000
Status: Active
Type: Multi-Family
Source: MRMLS
MLS ID: SR26132353
Updated: 6/25/2026
Days on Market: 12 days
Added to Site: 12 day(s) ago

Interior

Fireplace(s): None

Rooms

Other Rooms

Laundry: None

Additional Information

Pool Description: None
Spa Description: None

Parking

Parking Features: Assigned, Asphalt
Parking: Assigned, Asphalt

Location

Area: KREA - Koreatown
County: Los Angeles
Development Name: KREA - Koreatown
Driving Directions: One block from Robert F. Kennedy Community School
Direction Faces: East

Heating & Cooling

Cooling Type: None
Heating Type: Wall Furnace

Utilities

Sewer: Public Sewer
Water: Public
# Water Meters: 1
# Gas Meters: 10
# Electric Meters: 10

Structural Information

Foundation: Raised
Roof: See Remarks
Entry Location: 1 & 2 floors
Square Feet: 5,720
Year Built: 1956

Unit Information

Unit 1

Number of Units: 8
Total Bathrooms: 1

Unit 2

Number of Units: 2
Total Bathrooms: 1
Bedrooms: 1

Lot Features

Property View: None
Lot Size (Acres): 0.2065
Lot Size (Sq. Ft.): 8,997
Lot Size Source: Assessor
Zoning: LAR4-2
Lot Description: 36-40 Units/Acre

Green Features

Walk Score: 96

Financial Considerations

Price Per Sq. Ft.: $241.96
Price Per Unit: 138400

Listed by Hanes Investment Realty, Inc., Todd Schwartz

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Listing agent

— 749 S Berendo —

Todd Schwartz

Hanes Investment Realty, Inc.

818-825-5100

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NMLS#: 1598647

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Schools

Schools serving 749 S Berendo

School District:Los Angeles Unified School District

Name	Grades	Distance
Rfk Community Schools-New Open World Academy K-12 3201 W. Eighth St., Los Angeles, CA 90010	K-8	0.1 mi
Rfk Community Schools - Ambassador School - Global Education 3201 West 8th Street, Los Angeles, CA 90005	K-5	0.1 mi
UCLA Community School 700 South Mariposa Avenue, Los Angeles, CA 90005	9-12	0.2 mi
Rfk Community Schools-Ambassador-Global Leadership 701 South Catalina Street, Los Angeles, CA 90005	6-8	0.2 mi
Young Oak Kim Academy 615 Shatto Place, Los Angeles, CA 90005	6-8	0.4 mi
Rfk Community Schools-Los Angeles High School Of The Arts 701 South Catalina Street, Los Angeles, CA 90005	9-12	0.2 mi
Rfk Community Schools- For The Visual Arts And Humanities 701 South Catalina Street, Los Angeles, CA 90005	9-12	0.2 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 749 S Berendo Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/25/2026

Listed

$1,384,000

592%

MLS

10/05/1994

Sold

$200,000

—

Public Record

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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

Tax History for 749 S Berendo

Year

Property Taxes

Change

Tax Assessment

Change

2025

$5,378

$335,911

2023

$5,181

$326,369

2022

$4,992

$320,040

2021

$4,904

-1%

$313,834

2020

$4,938

$310,652

2019

$4,788

$301,131

2018

$4,610

$295,227

2017

$4,488

$289,439

2016

$4,331

$283,764

2015

$4,281

-2%

$279,502

2014

$4,366

—

$274,027

—

2013

$4,361

—

$272,789

—

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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

Estimate the Cost for 749 S Berendo

749 S Berendo, Los Angeles, CA 90005 (MLS# SR26132353) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 749 S Berendo is currently listed for $1,384,000 and was received on June 25, 2026. Want to learn more about 749 S Berendo? Do you have questions about finding other Multi-Family real estate for sale in Koreatown? You can browse all Koreatown real estate or contact a Coldwell Banker agent to request more information.

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749 S Berendo Los Angeles, CA 90005