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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,595,000

Est. payment - /mo

0.26 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26090535

HOA Y/N No

Year Built 1950

Lot Size 0.262 Acres

Property Sub-Type Apartment

Property Description

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 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.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6079019045

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

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Listed by Brandon Maghen Lyon Stahl Investment Real Estate, Inc. 310-409-3908, DRE #02250000

NEARBY SCHOOL & BUSINESS

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11513 Berendo Los Angeles, CA 90044