11513 Berendo, Los Angeles, CA, 90044
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Property Details
24
16
Single Family
Description
Property Details: • Type: Single Family • Bedrooms: 24 • Bathrooms: 16 • Square Feet: 3692 • Lot/Size: 11,420 sqft lot
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
Location
Address
11513 Berendo, Los Angeles, CA, 90044
City
Los Angeles
Features and Finishes
Year Built: 1950; [object Object]; [object Object]; [object Object]
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