$ 1,384,000
-
$1,384,000
Price -
1
Bed -
2
Bath -
5,720
SqFt
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About the Listing SR0139900 - F207051720
The Berendo property currently consists of a turn-key ten multifamily units zoned LAR4-2, high density offering solid redevelopment potential. LAR4-2 zoning in Los Angeles permits high-density residential development, including apartment houses, multiple dwellings, and mixed use projects. The "LAR4" portion allows for 1 dwelling unit per 400 sq. ft. of lot area, while the "2" indicates a Height District 2 designation, generally allowing for unlimited height. Approximately 32% upside in rents. Separately metered for gas and electric. Individual water heaters. Pitched built up roof, raised foundation, gated. Fourteen parking spaces with new automatic gate. Well maintained property. Professionally managed. Excellent transportation. 96 Walkscore. Most recent single unit rented at $1,475 (June 2026). Newly reconstructed second floor exterior walkway. One block from Robert F. Kennedy Community School. Gated frontage and entry. Low maintenance landscaping. Unit mix consists of two, one bedroom units and eight large singles with kitchens. Can be delivered with two vacancies. Gross Rent Multiplier 9.95 at current rents, 7.54 at market. Capitalization rate 5.50% current, 8.16 at market. $138,400 cost per unit. $212 cost per square foot. Current rent per square foot at $2.30, estimated rent per square foot at market $2.67. Large lot with most parking leased separately.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Multi-Family
MLS ®
SR26132353
Year Built
1956
Total Square Footage
5,720
Lot/Acreage
0.21
County
Los Angeles
Area
KREA - Koreatown
Interior Details
- Bedrooms: 1
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 36-40 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 14
- Zoning: LAR4-2
- Roof: See Remarks
- Others: Turnkey,Frame,Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5094009018
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
749 S Berendo Los Angeles, CA 90005
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