743 South Berendo Street

Los Angeles, CA 90005

$3,455,000
Price
11
Beds
16
Baths
9,955 Sq. Ft.
$347 / Sq. Ft.
9,955
Sq. Ft.
$347
per Sq. Ft.

Description

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...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.
  1. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 743 South Berendo Street

Water Front
None
Zoning
LAR4
Style
Mid-Century
Cross Streets
Berendo and 8th St
Parcel Number
5094009017
Total Units
16.0
Living Area
9955
Source Living Area
Vendor Enhanced
LISTING UPDATED: 05/23/2024 12:01 AM

Property Details for 743 South Berendo Street

StatusActive
MLS #24-392659
Days on Market193
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.28 AC / 12,001 SF
CountyLos Angeles County

Building Information for 743 South Berendo Street

Stories2Residences-Year Built1950Building Size-Lot Size0.28 AC / 12,001 SF

Property Information for 743 South Berendo Street

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: apt
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: East
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $327,577
  • Net Operating Income: $216,776.00
  • Gross Income: $335,196
  • Cap Rate: 6.27%
  • Gross Rent Multiplier: $10.31
  • Actual Annual Gross Rent: $335,196.00
  • Actual Rent Total: $335,196.00
  • Financial Info as Of: 05/15/2024
  • Vacancy Allow Dollar: $10,131.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 110801
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.2755
  • Lot Size Square Feet: 12001
  • Lot Size Dimensions: 80x150
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport, Assigned
  • Total Parking: 9
  • Covered Parking: 0
  • Open Other Spaces Total: 9
  • Parking Features: Carport, Assigned
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Washer, Dryer, Range/Oven
  • Common Walls: Attached
  • Cooking Appliances: Range
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: None
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-15-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,282.00
  • Unit Actual Rent: $6,408.00
  • Unit Projected Rent: $8,250.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,172.00
  • Unit Actual Rent: $2,172.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,890.00
  • Unit Actual Rent: $18,895.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 10
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $570,753.00
  • Assessed Improvement Percent: 45.05
  • Assessed Land Value: $696,039.00
  • Assessed Land Percent: 54.95
  • Assessed Total Value: $1,266,792.00

Property History for 743 South Berendo Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 743 South Berendo Street

Taxable ValueLand$709,959Additions$586,128Total$1,296,087
Tax Record2024$17,300 ($1,442 / month)
Home Facts
Total Finished SqFt9,955 SqFtAbove Grade Finished SqFt9,955 SqFtLot Size11,998 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningLAR4CountyLOS ANGELESAPN5094-009-017

Schools near 743 South Berendo Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - K to 12
Public - 6 to 8
Rating
School
Distance
UCLA Community School
PublicK to 12

Young Oak Kim Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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743 South Berendo Street is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on May 15, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $3,455,000. It has been on the market for a total of 193 days and was last sold on October 4, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Rfk Community Schools - Ambassador School - Global Education, UCLA Community School and Rfk Community Schools-New Open World Academy K-12. 743 South Berendo Street is a 11-bed, 16-bath, 9,955 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.