$100K PRICE REDUCTION – PRICED TO SELL. UNDER 10 GRM ON ACTUAL RENTS. 9 units located in South Los Angeles subject to Rent Control. Priced at 9.6 GRM and a 6.4% CAP with rental uspide to a 6.9% CAP. Good unit mix for the area. NO Section 8 tenants. Onsite laundry room. 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 Details
Price:
$1,995,000
MLS #:
25476913
Status:
Active
Baths:
0
Address:
11116 Berendo Avenue
Type:
Residential Income
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Jan 6, 2025
State:
CA
ZIP:
90044
Lot Size:
8,991 sqft / 0.21 acres (approx)
Year Built:
1959
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Covered
Parking Spots
12.00
Financial
Map
Community
- Address11116 Berendo Avenue Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
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11116 Berendo Avenue
Los Angeles, CA
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