11513 Berendo, Los Angeles, CA 90044
Local realty services provided by:ERA North Orange County Real Estate
11513 Berendo,Los Angeles, CA 90044
$1,595,000
- 12 Beds
- 8 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: brandon maghen, aaron jacobson
Office: lyon stahl investment real estate, inc.
MLS#:SB26090535
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,595,000
About this home
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 vacantproviding 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 todays market. In the interim, simply leasing the remaining vacant units stabilizes the existing asset at a 7.57% cap rate and 10.08 GRMproviding 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....
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Home facts
- Listing ID #:SB26090535
- Added:1 day(s) ago
- Updated:April 28, 2026 at 02:28 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:8
Finances and disclosures
- Price:$1,595,000
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