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$3,850,000

11703 Berendo Avenue Los Angeles, CA 90044

Beds: 0
Baths: 0.00
Sq Ft: 0
Type: Residential Income
MLS#: SR18068955
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Hi, Julaine Waggoner.

My name is  

and I have a question about 11703 Berendo Avenue Los Angeles

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Estimated Monthly Payment

$5,051
Interest Rate %
Down Payment
5 year
15 year
30 year

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

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DescriptionInterior & Exterior Features

Interior Features Include:

Heating:
Source Wall Heater


Exterior Features Include:


Fence Fair Condition

Acreage: 0.2900 Acres

Lot:
Description Corner Lot
Square Feet 12681

Other Features Include:

Water: Public

Pool: None

This Listing is Presented By
F207056634

Julaine Waggoner

REMAX College Park Realty

Cell: (562) 234-8888

Work: (562) 234-8888

Email: julaine1@msn.com

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