743 S Berendo Street Los Angeles, CA $ 3,455,000
743 S Berendo Street
$ 3,455,000
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743 S Berendo Street

Los Angeles, CA, 90005
$ 3,455,000
Bedrooms11 Baths16.0 Sq 9,955

Monthly Estimate*

$ 22,963

Listed by Lyon Stahl Investment Real Estate, Inc.
743 S Berendo Street, Los Angeles, CA 90005 - Image 1
743 S Berendo Street, Los Angeles, CA 90005 - Image 2
743 S Berendo Street, Los Angeles, CA 90005 - Image 3
743 S Berendo Street, Los Angeles, CA 90005 - Image 4
743 S Berendo Street, Los Angeles, CA 90005 - Image 5
743 S Berendo Street, Los Angeles, CA 90005 - Image 6
743 S Berendo Street, Los Angeles, CA 90005 - Image 7
743 S Berendo Street, Los Angeles, CA 90005 - Image 8

Multi-Family Home for sale in Los Angeles, CA

for $3,455,000 with 11 bedrooms and 16 full baths. This 9,955 square foot home was built in 1950 on a lot size of 0.2755.

We are pleased to present this 16 unit offering located on Berendo just a block south of Wilshire Blvd in the heart of Koreatown. The property has an excellent unit mix consisting of (1) 2 Bed / 1 Bath,(10) 1 Bed / 1 Bath, (5) Single / 1 Baths. The subject property isa courtyard style building built in 1950 and has been very well maintained with beautiful landscaping, a secure gated entry and parking in the rear. The units are spread out across 9,955 square feet of gross leasable area and sits on a large 11,998 square foot lot that is zoned LAR4.Situated in the heart of Koreatown, 743 S Berendo St benefits from its central location and excellent connectivity. The neighborhood is bordered by major thoroughfares such as Wilshire Boulevard to the north and 8th Street to the south, providing convenient access to other parts of Los Angeles. The nearby 101 and 10 freeways offer quick connections to the rest of the city and beyond. Additionally, public transportation options are abundant, with several bus routes and the Wilshire/Western Metro station nearby, making it easy to navigate the city without a car. The neighborhood is famous for its fantastic dining scene, with numerous Korean BBQ restaurants, trendy cafes, and night life. Call listing agents for Offering Memorandum.

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Multi-Family Active

Price

$ 3,455,000

Bedrooms

11

Full Bath

16

Property Type

Multi-Family

Taxes

$ 0

Style

MidCenturyModern

Lot Size

0.2755

Year Built

1950

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24392659

Days on Market

30

Features
General
Sewer Other
Heating WallFurnace
Cooling WallWindowUnits
Appliances Range Refrigerator Dryer Washer
Zoning LAR4
Patio/Porch Features None
Architectural Style MidCenturyModern
Pool Features None
Security Features CarbonMonoxideDetectors GatedCommunity SmokeDetectors
Construction Materials Stucco
Year Built 1950
Tenant Pays Electricity Gas
View CityLights
Levels MultiSplit
Gross Income 335196.0
Community Features Gated
County Los Angeles
Net Operating Income 216776.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Facing Direction East
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Heading East on Wilshire towards downtown LA go South on Berendo.
City Los Angeles
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 9.0
NumberOfUnitsTotal 16
MLS Area C17 - Mid-Wilshire
Lot Size Units SquareFeet
Lot Size Square Feet 12001.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Berendo
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 8
Standard Status Active
Occupancy Type Tenant
Cap Rate 6.27
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Exterior
Parking Features Assigned Carport
Total Parking 9.0
Lot Size Area 12001.0
Number of Buildings 1
Spa N
Building Area Total 9955.0
Lot Dimensions 80x150
Street Suffix Street
Lot Size Acres 0.2755
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features None
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features CommonArea
Total Bedrooms 11
Electric On Property Y/N N
Total Baths 16
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Internal Only
Street Number 1 743
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* Excluded Features
List By
Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 425-9838

Phone

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$22,963
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Monthly Principal & Interest
$22,963
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/17/2024$3,455,000 Listed Price

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743 S Berendo Street, Los Angeles, CA, 90005 is a Multi-Family Home for sale at $3,455,000 with 9,955 sqft and a lot size of 0.2755. 743 S Berendo Street has 11 bedrooms, 16.0 baths, and was built in 1950. The property's zip code is 90005 which is in Los Angeles, CA