Apartment Building Near
For Sale
$3,200,000
743 S Berendo Street, Los Angeles, CA 90005
Established multifamily property near neighborhood retail, dining, and transit connections.
Property Size9,955 SF
Price / SF$321.45
Days on Market385
Property Features for 743 S Berendo Street
General Information
Standard status
Active
Size
9,955 SF
Property subtype
Multi-family
Financials
Asking Price
$3,200,000
Cap Rate
6.92%
Gross Rent Multiplier
9.29
Additional Details
Public Transit
Yes
Building Details
Year Built
1950
Listing Agency:
Lyon Stahl Investment Real Estate,Inc.
Listed By:
William James
(714) 497-3550
Source:
Sevengables
Added: Aug 12, 2025
Changed: Aug 30
Last Checked: Aug 31 at 8:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate,Inc.
Investment Insights
Based on property information with market context.
This 9,955-square-foot apartment building at 743 S. Berendo Street was constructed in 1950 and is positioned within Los Angeles’ Koreatown district. The property is one block south of Wilshire Boulevard and two blocks from the Wilshire/Vermont Metro Station, providing residents with direct access to a major transit connection.
A 94 Walk Score reflects convenient pedestrian access to neighborhood retail, restaurants, and daily services. Current operations are reported at a 6.92% cap rate and 9.29 GRM, with a 1.39 debt coverage ratio and approximately 6.91% cash-on-cash return. The pro forma outlook includes a 7.31% cap rate and 8.49 GRM based on continued rent growth to market levels.
A 94 Walk Score reflects convenient pedestrian access to neighborhood retail, restaurants, and daily services. Current operations are reported at a 6.92% cap rate and 9.29 GRM, with a 1.39 debt coverage ratio and approximately 6.91% cash-on-cash return. The pro forma outlook includes a 7.31% cap rate and 8.49 GRM based on continued rent growth to market levels.
Key Highlights
- 9,955‑square‑foot apartment building constructed in 1950
- Two blocks from the Wilshire/Vermont Metro Station
- One block south of Wilshire Boulevard
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,787
Businesses Nearby
Explore this area
Business Placement
Demographics for 90005, CA
37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Established multifamily property near neighborhood retail, dining, and transit connections.
Where is this apartment building located?
The property is located at 743 S Berendo Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 9,955‑square‑foot apartment building constructed in 1950; Two blocks from the Wilshire/Vermont Metro Station; One block south of Wilshire Boulevard
