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… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
94
Last Updated
Property Type
Other
Beds
12
Square Ft.
9,955
Lot Size
0.28 Acres
Year Built
1950
MLS Number
26633191
30 Days Snapshot Of 90005
$1.32M
+84%
(avg) sold price
3
0%
homes sold
124
+163%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Washer, Dryer, Range/Oven, Refrigerator
Building
9,955 sq ft, Built in 1950, Levels: Multi/Split, Attached, Mid-Century
Cooling
Wall/Window
Disclosures
As Is
Exterior Features
Stucco
Fireplaces
None
Garage
0 total garage spaces, Assigned, Carport, Uncovered
Water Features
Water: Public
Heating
Wall
Laundry
Community, Room, Laundry Area
Lot
LotAcreage: 0.2755, LotSizeArea: 12,001, LotSizeDimensions: 80x150, Single Lot, City
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eldoradoproperties.com
April 10, 2026
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