749 S Berendo, Los Angeles, CA 90005
- $1,384,000
- List Price
- $1,384,000
- Status
- ACTIVE
- MLS#
- SR26132353
- Year Built
- 1956
- Lot Size
- 8,997
- Acres
- 0.21
- Lot Location
- 36-40 Units/Acre
- Days on Market
- 33
- Property Type
- Multifamily
- 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 28% 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 9.71 at current rents, 7.54 at market. Capitalization rate 5.71% current, 8.16% at market. $138,400 cost per unit. $212 cost per square foot. Current rent per square foot at $2.03, estimated rent per square foot at market $2.67. Large lot with most parking leased separately.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Frame, Stucco
- Roof
- See Remarks
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $142,554
- Operating Expense
- 60667
Listing courtesy of Listing Agent: Todd Schwartz (todd@hanesre.com) from Listing Office: Hanes Investment Realty, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.