Los Angeles, CA 90044,11116 Berendo Avenue
Los Angeles, CA 90044,11116 Berendo Avenue
Los Angeles, CA 90044,11116 Berendo Avenue
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$1,995,000
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7,683 SqFt
Active

11116 Berendo Avenue Los Angeles, CA 90044

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,683 sqft

Price per Sqft $259

MLS Listing ID CL25476913

HOA Y/N No

Year Built 1959

Lot Size 8,991 Sqft

Acres 0.21

Property Sub-Type Other

Property Description

$100K PRICE REDUCTION - PRICED TO SELL. UNDER 10 GRM ON ACTUAL RENTS. 9 units located in South Los Angeles subject to Rent Control. Priced at 9.6 GRM and a 6.4% CAP with rental uspide to a 6.9% 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.

Location

State CA

County Los Angeles

Zoning LCR3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Laundry Room

Building

New Construction No

Others

Tax ID 6076022015


Bridge MLS
Listed by Jonathan Swire • The Agency

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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11116 Berendo Avenue