11116 Berendo Ave - Apartments FOR SALE


Los Angeles, CA 90044
$2,099,000 USD
310-948-2631
11116 Berendo Ave, Los Angeles, CA for Sale
$2,099,000 USD
Apartments - FOR SALE
1/17
null | 6% Cap Rate

11116 Berendo Ave
Los Angeles, CA 90044


HIGHLIGHTS

  • 10.1 GRM and 6.0% CAP on in-place rents.
  • Upside to a 6.5% CAP.
  • Well maintained/Professionally Managed
  • EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.

OVERVIEW

9 units located in South Los Angeles subject to Rent Control. Priced at 10.1 GRM and a 6.0% CAP with rental uspide to a 6.5% CAP. Good unit mix for the area. NO Section 8 tenants. Onsite laundry room. ONLY $273/SF. Property features 3 tandem carport parking spaces in the front and another 6 private garages in the rear. 12 parking total. Per Cal Quake, there is an opportunity to add additional ADU units - 1 in the front and 2 in the rear. Buyer to verify. The property's interior and exterior has been well maintained and Professionally Managed. All units have been updated with new paint, fixtures and flooring when turned, and units 1 & 8 have new kitchens as well. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND ACTUAL EXPENSES.

FOR SALE DETAILS

PRICE

$2,099,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

9

PRICE/UNIT

$233,222

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,986 SF

ZONING

R320U, County

APN/PARCEL ID

6076-022-015

ASK ABOUT THIS PROPERTY

Jon SwireThe AgencyMore Info
310-948-2631

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Jon SwireThe AgencyMore Info
310-948-2631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.