$ 2,900,000
-
$2,900,000
Price -
11
Bed -
16
Bath -
9,955
SqFt
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About the Listing X82195 - X93306
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 Highlights
Interior Details
- Bedrooms: 11
- Bathrooms: 16 Full
- Appliances:
- Air Cond: Wall/Window
- Heating: Wall
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Single Lot,Lot Shape-Rectangular,Exterior Security Lights,Fenced,Alley Paved
- Garage Capacity: N/A
- Parking Spaces: 9
- Lot Dimensions: 80x150
- Zoning: LAR4
- Roof: Composition,Shingle
- Others:
- Sewer:
- Parking Features: Assigned,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
743 S Berendo St Los Angeles, CA 90005
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