11116 Berendo Avenue
Los Angeles, CA 90044
$50,000.00 (-2.38%)
Active for $2,049,000
Beds: 17 Baths: 9 Structure Size: 7,683 sqft Lot Size: 8,991 sqft
| MLS | 25476913 |
| Year Built | 1959 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $2,049,000 |
| Structure Size | 7,683 sqft |
| Lot Size | 8,991 sqft |
| Beds | 17 |
| Baths | 9 |
Description
$50K PRICE REDUCTION. UNDER 10 GRM ON ACTUAL RENTS. 9 units located in South Los Angeles subject to Rent Control. Priced at 9.9 GRM and a 6.2% CAP with rental uspide to a 6.7% 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.
Listing information courtesy of: Jonathan Swire, The Agency 310-948-2631. *Based on information from the Association of REALTORS/Multiple Listing as of 02/11/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Arsine Rostomyan
REALTOR®
Direct: 818.636.8335
Email: Email Me
DRE: 01457137
DRE #01873088
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