743 S Berendo St Los Angeles, CA 90005
Koreatown NeighborhoodEstimated payment $17,465/month
Highlights
- City View
- Laundry Room
- Rectangular Lot
- Midcentury Modern Architecture
- East Facing Home
- Fenced
About This Home
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
Listing Agent
Lyon Stahl Investment Real Estate, Inc. License #01734419 Listed on: 09/01/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 12,001 Sq Ft Lot
- Lot Dimensions are 80x150
- East Facing Home
- Fenced
- Rectangular Lot
Home Design
- Midcentury Modern Architecture
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 9,955 Sq Ft Home
- Multi-Level Property
- City Views
- Security Lights
- Oven or Range
Bedrooms and Bathrooms
- 11 Bedrooms
- 16 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Parking
- 9 Open Parking Spaces
- 9 Parking Spaces
- Assigned Parking
Location
- City Lot
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- The owner pays for water, gardener
- Assessor Parcel Number 5094-009-017
Community Details
Building Details
- Rent Control
- Vacancy Allowance $10,464
Additional Features
- 16 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $17,569 | $1,344,328 | $738,641 | $605,687 |
| 2025 | $17,569 | $1,317,969 | $724,158 | $593,811 |
| 2024 | $17,300 | $1,292,127 | $709,959 | $582,168 |
| 2023 | $16,996 | $1,266,792 | $696,039 | $570,753 |
| 2022 | $16,266 | $1,241,954 | $682,392 | $559,562 |
| 2021 | $16,023 | $1,217,603 | $669,012 | $548,591 |
| 2019 | $15,579 | $1,185,450 | $649,170 | $536,280 |
| 2018 | $15,347 | $1,162,285 | $636,442 | $525,843 |
| 2016 | $14,568 | $1,113,347 | $611,729 | $501,618 |
| 2015 | $14,371 | $1,096,625 | $602,541 | $494,084 |
| 2014 | $14,523 | $1,075,145 | $590,739 | $484,406 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/01/2026 09/01/26 | For Sale | $2,900,000 | -- | $291 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Stewart Title | |
| Interfamily Deed Transfer | -- | Stewart Title | |
| Grant Deed | $910,000 | Stewart Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Progressive Title Company | |
| Grant Deed | -- | -- | |
| Warranty Deed | -- | North American Title Company | |
| Grant Deed | $380,000 | North American Title Company | |
| Quit Claim Deed | -- | North American Title Company | |
| Warranty Deed | $368,000 | North American Title Company | |
| Warranty Deed | $368,000 | Continental Lawyers Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,500,000 | New Conventional | |
| Closed | $2,300,000 | Commercial | |
| Closed | $1,750,000 | Commercial | |
| Closed | $1,575,000 | Commercial | |
| Closed | $1,162,500 | Future Advance Clause Open End Mortgage | |
| Closed | $1,250,000 | Negative Amortization | |
| Closed | $1,200,000 | Commercial | |
| Closed | $637,000 | Commercial | |
| Previous Owner | $394,000 | Commercial |
Source: The MLS
MLS Number: 26937237
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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