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$3,455,000

Beds
11
sq ft
9,955

743 S Berendo St, Los Angeles, CA 90005

743 S Berendo St

Los Angeles, CA 90005

  • 127 days on market
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.

Details

Property type

Est. home value

$2,594,185

Lot size

0.2755 acres

Price per sq ft

$348

Year built

1950

HOA

No

Price History

05/15/2024
CLAW

CLAW #24392659

Listed
$3,455,000

Schools & Community

Neighborhood: 

Koreatown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

April 2022

Original loan amount

$2,500,000

Est. remaining balance

Not provided

Interest rate

2.98%

Loan type

Commercial

Seller

743 South Berendo Llc

Lender

Jpmorgan Chase Bank Na

Loan start date

March 2019

Original loan amount

$2,300,000

Est. remaining balance

Not provided

Interest rate

4.46%

Loan type

Commercial

Seller

743 South Berendo Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/20/2024 at 11:40 PM

Listing updated: 05/23/2024 at 5:18 AM

Listed by: William James, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838

MLS: CLAW #24392659

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