749 S Berendo, Los Angeles, CA 90005
749 S Berendo, Los Angeles, CA 90005
749 S Berendo, Los Angeles, CA 90005
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TNG Real Estate Consultants

TNG Real Estate Consultants

+1(714) 987-3310
$1,384,000
Est. payment /mo
8,995 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26132353

Construction Status Turnkey

HOA Y/N No

Year Built 1956

Lot Size 8,995 Sqft

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area Krea - Koreatown

Zoning LAR4-2

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Assigned, Asphalt

Fence See Remarks

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type See Remarks

Total Parking Spaces 14

Private Pool No

Building

Lot Description 36-40 Units/Acre

Faces East

Story 2

Foundation Raised

Sewer Public Sewer

Water Public

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5094009018

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Todd Schwartz Hanes Investment Realty, Inc. 818-825-5100, DRE #01136688

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TNG Real Estate Consultants

TNG Real Estate Consultants

+1(714) 987-3310

Agent | License ID: 01886242

Agent License ID: 01886242

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