Property listed by Lyon Stahl Investment Real Estate, Inc., Brandon Maghen 310-409-3908
$1,595,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
3
Last Updated
Property Type
Apartment
Lot Size
0.26 Acres
Year Built
1950
MLS Number
SB26090535
Additional Details
Building
Built in 1950, 1 building, 2 stories, Entry level: 1, Entry location: Front
Community
Curbs, StreetLights, Sidewalks
Expenses
Operating: $32,632
Income
Gross Income: $158,184, Gross ScheduledIncome: $158,184, Net Operating Income: $120,806
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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