17
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$1,545,000
Est. payment /mo
0.26 Acres Lot
Price Dropped by $50K
11513 Berendo Los Angeles, CA 90044
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26090535
HOA Y/N No
Year Built 1950
Lot Size 0.262 Acres
Property Sub-Type Apartment
Property Description
11513 Berendo Ave presents a rare opportunity to acquire a highyield, value-add multifamily asset with a clear path to a projected
10.45% cap rate upon completion.
The property consists of (4) spacious 3 Bed / 2 Bath units, with two
units delivered vacant—providing immediate upside through
lease-up while development plans are executed.
Situated on a large 11,492 SF lot, the offering includes fully approved
plans for (4) additional 3 Bed / 2 Bath townhome-style ADUs
averaging approximately 1,200 SF each. This allows an investor to
significantly increase unit count and income, transforming the
asset into an 8-unit property with strong economies of scale.
Based on the approved ADU development and projected rents, the
property is expected to achieve a 10.45% cap rate inclusive of
construction costs, making it a standout opportunity for investors
seeking both yield and growth in today's market.
In the interim, simply leasing the remaining vacant units stabilizes
the existing asset at a 7.57% cap rate and 10.08 GRM—providing
strong in-place returns while the development upside is realized.
Located in South Los Angeles, the property offers convenient
access to Downtown Los Angeles, USC, and major employment
corridors, supporting long-term rental demand and future
appreciation.
10.45% cap rate upon completion.
The property consists of (4) spacious 3 Bed / 2 Bath units, with two
units delivered vacant—providing immediate upside through
lease-up while development plans are executed.
Situated on a large 11,492 SF lot, the offering includes fully approved
plans for (4) additional 3 Bed / 2 Bath townhome-style ADUs
averaging approximately 1,200 SF each. This allows an investor to
significantly increase unit count and income, transforming the
asset into an 8-unit property with strong economies of scale.
Based on the approved ADU development and projected rents, the
property is expected to achieve a 10.45% cap rate inclusive of
construction costs, making it a standout opportunity for investors
seeking both yield and growth in today's market.
In the interim, simply leasing the remaining vacant units stabilizes
the existing asset at a 7.57% cap rate and 10.08 GRM—providing
strong in-place returns while the development upside is realized.
Located in South Los Angeles, the property offers convenient
access to Downtown Los Angeles, USC, and major employment
corridors, supporting long-term rental demand and future
appreciation.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 12
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6079019045
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard
Listed by Brandon Maghen Lyon Stahl Investment Real Estate, Inc. 310-409-3908, DRE #02250000
Nearby Locations
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