310-777-2888

743 S Berendo Street, Los Angeles, CA 90005

$3,200,000 Approx. USD 12 beds, 16 baths
9,955 sqft

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Marketed By St. James + Canter

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Marketed By Cristie St. James REALTOR® - Broker Associate 310-291-1029 m
310-777-2888 o
Lic#: 00949711
NRDS ID: 175502141
cristie@stjamescanter.com Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295

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Listing Agent

William James | will@lyonstahl.com
Lic#: 01734419
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 310-600-9858

Co Listing Agent

Peter James | peter@lyonstahl.com
Lic#: 01748556
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 310-467-7581

Agent Remarks

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 Details

Property type: (Multi-Family)

Status: Active

MLS# 26633191

Price: $3,200,000

Beds: 12

Baths: 16

None fireplaces

Built in 1950

9,955 sqft

0.28 acres

Lot size: 0.2755

County: Los Angeles

Property style: Mid-Century Modern

Zoning: LAR4

Construction: Stucco

Appliances: Refrigerator,Dryer,Washer

Parking description: Assigned,Carport,Uncovered

Heating/cooling: Wall/Window Unit(s)

Heating description: Wall Furnace

MLS area: C17 - Mid-Wilshire

Last Updated: 6/11/2026

Days On Market (DOM): 163

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This listing belongs to the C17 - Mid-Wilshire MLS area

The style of this listing is Mid-Century Modern.
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Lat/Long: 34.058576, -118.294501.
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