11513 BERENDO, LOS ANGELES, CA 90044

Property Description

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 vacant—providing 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 today’s market. In the interim, simply leasing the remaining vacant units stabilizes the existing asset at a 7.57% cap rate and 10.08 GRM—providing 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.

Key things to know

• Four spacious 3 bed, 2 bath units with two vacant for immediate lease-up.
• 11,492 SF lot with fully approved plans for four additional ADUs averaging ~1,200 SF each.
• Potential to convert to an 8-unit asset with strong economies of scale.
• Projected 10.45% cap rate inclusive of construction costs; interim 7.57% cap rate.
• South Los Angeles location near Downtown LA and USC with access to major employment corridors.
• Photos show a building with staircase entrance, fenced greenery, and multiple modern interiors.