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Listed by Brandon Maghen • Lyon Stahl Investment Real Estate, Inc.
$1,595,000
Est. payment /mo
3,692 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,692 sqft
Price per Sqft $432
MLS Listing ID SB-26090535
Year Built 1950
Lot Size 0.262 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
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.
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
Laundry Inside
Exterior
Pool None
Community Features Curbs, Sidewalks, Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900