11116 Berendo Ave
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11116 Berendo Ave
9 Unit Apartment Building $3,010,113 CAD ($334,457 CAD/Unit) 6% Cap Rate Los Angeles, CA 90044
Investment Highlights
- 10.1 GRM and 6.0% CAP on in-place rents.
- Well maintained/Professionally Managed
- Upside to a 6.5% CAP.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.
Executive Summary
9 units located in South Los Angeles subject to Rent Control. Priced at 10.1 GRM and a 6.0% CAP with rental uspide to a 6.5% CAP. Good unit mix for the area. NO Section 8 tenants. Onsite laundry room. ONLY $273/SF.
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.
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.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$298,782
|
$38.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$298,782
|
$38.89
|
| Taxes |
-
|
-
|
| Operating Expenses |
$107,734
|
$14.02
|
| Total Expenses |
$107,734
|
$14.02
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $298,782 |
| Annual Per SF | $38.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $298,782 |
| Annual Per SF | $38.89 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $107,734 |
| Annual Per SF | $14.02 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $107,734 |
| Annual Per SF | $14.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,010,113 CAD | Building Class | C |
| Price Per Unit | $334,457 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 7,683 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.1 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.56/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $3,010,113 CAD |
| Price Per Unit | $334,457 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 10.1 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,683 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.56/1,000 SF |
| Opportunity Zone |
Yes |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 700 |
| 2+1 | 5 | - | 875 |
| 3+2 | 1 | - | 950 |
PROPERTY TAXES
| Parcel Number | 6076-022-015 | Improvements Assessment | $569,769 CAD |
| Land Assessment | $1,675,801 CAD | Total Assessment | $2,245,570 CAD |
PROPERTY TAXES
Parcel Number
6076-022-015
Land Assessment
$1,675,801 CAD
Improvements Assessment
$569,769 CAD
Total Assessment
$2,245,570 CAD
zoning
| Zoning Code | R320U, County (Multiple Dwelling) |
| R320U, County (Multiple Dwelling) |
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11116 Berendo Ave
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