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11513 Berendo Ave
Los Angeles, CA 90044 West Athens

$1,595,000 USD

Multifamily For Sale  •  3,692 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 3,692 SF
  • Year Built 1955
  • Zoning LC R3
70 Transit Score
50 Walk Score

Highlights

Desirable unit mix, consisting of (4) 3 Bedroom/2 Bathroom units, with 2/4 units delivered vacant
The property sits on a 11,492 square foot lot, with approved plans for (4) 3 bed/2 bath Townhome style ADUs averaging close to 1,200 square feet each
Once the two vacancies are leased, the property is projected to operate at a 7.57% Cap Rate and 10.08 GRM
After construction of the ADUs, the property will likely operate at 10.45% cap rate (construction costs calculated)
Conveniently located in South Los Angeles, in close proximity to restaurants, shopping centers, and major metropolitan hubs

Public Transportation

Transit/SubwayDriveWalkDistance
Vermont Station (Green Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 5 min 0.3 mi
Harbor Fwy Station (Green Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Los Angeles International 13 min - 8.5 mi
Long Beach (Daugherty Field) 21 min - 14.3 mi
Bob Hope 36 min - 26.8 mi
Aaron Jacobson 310-729-1559 Lyon Stahl Investment Real Estate
Aaron Jacobson 310-729-1559 Lyon Stahl Investment Real Estate