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Listed by Brandon Maghen, DRE #02250000 • Lyon Stahl Investment Real Estate, Inc.
$ 1,545,000
Est. payment /mo
Price Dropped by $50K
11513 Berendo Los Angeles, CA 90044
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26090535
Year Built 1950
Lot Size 0.262 Acres
Property Sub-Type Fourplex
Source California Regional MLS
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 app
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Laundry Other
Exterior
Garage Spaces 12.0
Pool None
Building
Water District - Public
Others
Tax ID 6079019045
Special Listing Condition Not Applicable
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