11703 Berendo Avenue Los Angeles, CA 90044
We are proud to announce the sale of the property on 11703 Berendo Ave., a NON-RENT CONTROLLED asset located in an unincorporated area of the county of Los Angeles. This offering presents a property that's generating steady cash flow on current rents and room to increase rents after remodeling the unit interiors further. Buyer may increase the rents in the 1 bedroom apartments to the range of $1300 to $1325 and increase the rents in the 2 bedrooms apartments to range of $1600 to $1650. Also by implementing the rubs program (ratio utility billing system) buyer can eliminate the cost of the water bill approximately $900 a month and transfer the cost of the water bill to the tenants. A smart investor can improve the GRM to 12.4 and the CAP to 6.1%. In addition, the property has undergone many recent capital improvements such as new exterior paint, security system, and all copper plumbing. Most of the units have been remodeled with new granite kitchen counters, cabinets, flooring and fresh paint granite kitchen counters, cabinets, flooring and fresh paint., Directions S Vermont Ave & 120th St
Interior Features Include:
Source Wall Heater
Exterior Features Include:
Fence Fair Condition
Acreage: 0.2900 Acres
Description Corner Lot
Square Feet 12681
Other Features Include:
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