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11116 Berendo Ave

9 Unit Block of Flats £1,677,773 (£186,419/Unit) 6% Net Initial Yield Los Angeles, CA 90044

Investment Highlights

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

Executive Summary

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.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income £166,259 £21.64
Other Income - -
Vacancy Loss - -
Effective Gross Income £166,259 £21.64
Taxes - -
Operating Expenses £59,949 £7.80
Total Expenses £59,949 £7.80
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income
Annual £166,259
Annual Per SF £21.64
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £166,259
Annual Per SF £21.64
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual £59,949
Annual Per SF £7.80
Total Expenses
Annual £59,949
Annual Per SF £7.80
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £1,677,773
Price Per Unit £186,419
Sale Type Investment
Net Initial Yield 6%
Gross Rent Multiplier 10.1
No. Units 9
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 7,683 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1959
Parking Ratio 1.56/1,000 SF
Opportunity Zone Yes

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 3 - 700
2+1 5 - 875
3+2 1 - 950

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6076-022-015
Land Assessment
£927,677
Improvements Assessment
£315,408
Total Assessment
£1,243,086

zoning

Zoning Code R320U, County (Multiple Dwelling)
R320U, County (Multiple Dwelling)
  • Listing ID: 34381748

  • Date on Market: 06/01/2025

  • Last Updated:

  • Address: 11116 Berendo Ave, Los Angeles, CA 90044

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