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Multifamily

11837 Berendo Ave

11837 Berendo Ave, Los Angeles, CA 90044

Listing Price: $1,150,000

Cap Rate
5.88%
Number of Units
4
Price/Unit
$287,500
Price/Gross SF
$296.09
Gross SF
3,884

Investment Overview

The Neema Group of Marcus & Millichap is pleased to present a four-unit investment opportunity located at 11837 Berendo Ave in the West Athens neighborhood of Los Angeles, a centralized location for tenants to commute easily to the South Bay, Mid-Cities and Downtown Los Angeles The subject property features one two-bedroom and three three-bedroom units with parking located at the rear of the property Stabilized investment opportunity with strong in-place current income with a 5.88% CAP rate and 11.78 GRM at the asking price Strong cash flow and little deferred maintenance; ideal for an investor seeking a passive income from a high quality building in a highly gentrifying submarket All units have new hardwood floors, paint, wood cabinetry, modern appliances, tile bathrooms, and new windows The property is only an eight-minute walk from the Metro Green at the Vermont / Athens station Located in the West Athens area just off 105/110 in Los Angeles with parks and shopping nearby Across the street from West Athens elementary

Investment Highlights

  • A four-unit investment opportunity located at 11837 Berendo Ave in the West Athens neighborhood of Los Angeles
  • The subject property features one two-bedroom and three three-bedroom units with parking located at the rear of the property.
  • Stabilized investment opportunity with strong in-place current income with a 5.88% CAP rate and 11.78 GRM at the asking price
  • Strong cash flow and little deferred maintenance; ideal for an investor seeking a passive income from a high quality building in a highly gentrifying submarket
  • All units have new hardwood floors, paint, wood cabinetry, modern appliances, tile bathrooms, and new windows
  • The property is only an eight-minute walk from the Metro Green at the Vermont / Athens station
  • Located in the West Athens area just off 105/110 in Los Angeles with parks and shopping nearby
  • Across the street from West Athens elementary

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    (310) 909-5444

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

  • Leonardo Laterza

    Senior Associate

    Email Leonardo

    License(s): CA: 01861324

    West Los Angeles

Multifamily

11837 Berendo Ave

Listing Price: $1,150,000

Cap Rate
5.88%
Number of Units
4
Price/Unit
$287,500
Price/Gross SF
$296.09
Gross SF
3,884

Investment Highlights

  • A four-unit investment opportunity located at 11837 Berendo Ave in the West Athens neighborhood of Los Angeles
  • The subject property features one two-bedroom and three three-bedroom units with parking located at the rear of the property.
  • Stabilized investment opportunity with strong in-place current income with a 5.88% CAP rate and 11.78 GRM at the asking price
  • Strong cash flow and little deferred maintenance; ideal for an investor seeking a passive income from a high quality building in a highly gentrifying submarket
  • All units have new hardwood floors, paint, wood cabinetry, modern appliances, tile bathrooms, and new windows
  • The property is only an eight-minute walk from the Metro Green at the Vermont / Athens station
  • Located in the West Athens area just off 105/110 in Los Angeles with parks and shopping nearby
  • Across the street from West Athens elementary

Investment Overview

The Neema Group of Marcus & Millichap is pleased to present a four-unit investment opportunity located at 11837 Berendo Ave in the West Athens neighborhood of Los Angeles, a centralized location for tenants to commute easily to the South Bay, Mid-Cities and Downtown Los Angeles The subject property features one two-bedroom and three three-bedroom units with parking located at the rear of the property Stabilized investment opportunity with strong in-place current income with a 5.88% CAP rate and 11.78 GRM at the asking price Strong cash flow and little deferred maintenance; ideal for an investor seeking a passive income from a high quality building in a highly gentrifying submarket All units have new hardwood floors, paint, wood cabinetry, modern appliances, tile bathrooms, and new windows The property is only an eight-minute walk from the Metro Green at the Vermont / Athens station Located in the West Athens area just off 105/110 in Los Angeles with parks and shopping nearby Across the street from West Athens elementary

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    (310) 909-5444

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

  • Leonardo Laterza

    Senior Associate

    Email Leonardo

    License(s): CA: 01861324

    West Los Angeles

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