11116 Berendo Ave
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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.
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 | Building Class | C |
Price Per Unit | £186,419 | Lot Size | 0.21 AC |
Sale Type | Investment | Building Size | 7,683 SF |
Net Initial Yield | 6% | Average Occupancy | 100% |
Gross Rent Multiplier | 10.1 | Number of Floors | 2 |
No. Units | 9 | Year Built | 1959 |
Property Type | Residential | Parking Ratio | 1.56/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Apartment Style | Low Rise |
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
Parcel Number | 6076-022-015 | Improvements Assessment | £315,408 |
Land Assessment | £927,677 | Total Assessment | £1,243,086 |
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) |
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11116 Berendo Ave
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