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11513 Berendo Ave - 11513 Berendo Ave Los Angeles, CA 90044 4 Unit Apartment Building Offered at $2,180,269 CAD at a 7.57% Cap Rate Los Angeles, CA 90044
Investment Highlights
- Desirable unit mix, consisting of (4) 3 Bedroom/2 Bathroom units, with 2/4 units delivered vacant
- Once the two vacancies are leased, the property is projected to operate at a 7.57% Cap Rate and 10.08 GRM
- Conveniently located in South Los Angeles, in close proximity to restaurants, shopping centers, and major metropolitan hubs
- 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
- After construction of the ADUs, the property will likely operate at 10.45% cap rate (construction costs calculated)
Executive Summary
11513 Berendo Ave presents a rare opportunity to acquire a high-yield, 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.
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.
Property Facts
| Price | $2,180,269 CAD | Property Type | Multifamily |
| Price Per Unit | $545,067 CAD | Building Size | 3,692 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.57% | Year Built | 1955 |
| Gross Rent Multiplier | 10.08 | Opportunity Zone |
Yes
|
| No. Units | 4 | ||
| Zoning | LC R3 | ||
| Price | $2,180,269 CAD |
| Price Per Unit | $545,067 CAD |
| Sale Type | Investment |
| Cap Rate | 7.57% |
| Gross Rent Multiplier | 10.08 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,692 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Opportunity Zone |
Yes |
| Zoning | LC R3 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6079-019-045 | Improvements Assessment | $775,133 CAD |
| Land Assessment | $1,438,497 CAD | Total Assessment | $2,213,630 CAD |
Property Taxes
Parcel Number
6079-019-045
Land Assessment
$1,438,497 CAD
Improvements Assessment
$775,133 CAD
Total Assessment
$2,213,630 CAD
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11513 Berendo Ave - 11513 Berendo Ave Los Angeles, CA 90044
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