12003 Berendo Ave, Los Angeles, CA 90044
12003 Berendo Ave, Los Angeles, CA 90044
12003 Berendo Ave, Los Angeles, CA 90044
12003 Berendo Ave, Los Angeles, CA 90044
12003 Berendo Ave, Los Angeles, CA 90044
12003 Berendo Ave, Los Angeles, CA 90044
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$ 1,250,000
Est. payment | /mo

15 Beds

7 Baths

4,901 SqFt


Save
$ 1,250,000
Est. payment | /mo
Save

15 Beds

7 Baths

4,901 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,901 sqft

Price per Sqft $255

MLS Listing ID 26951993

Bedrooms 15

Year Built 1963

Lot Size 7,828 Sqft

Acres 0.1796

Property Sub-Type Multi-Family

Property Description

We are pleased to offer for sale 12003 Berendo Avenue, a seven-unit apartment community located in the West Athens neighborhood of Los Angeles, one block west of Vermont Avenue at 120th Street.Built in 1963, the property comprises 4,901 square feet of improvements on a 7,828-square-foot parcel, with a unit mix of six two-bedroom units and one three-bedroom unit. There is approximately 14% rental upside remaining, capturable through ordinary turnover. The offering is priced at an 8.47 GRM on scheduled income, below the average of the recent comparable sales in the surrounding submarket.Vermont/Athens Station sits a half-mile north, where the Metro C Line meets the southern terminus of the planned Vermont Transit Corridor a 12.4-mile bus rapid transit line Metro approved in 2025 to run the length of Vermont Avenue into Hollywood. The 105 Freeway runs just north of the property, reaching LAX in about six miles and the 110 in one, while Martin Luther King, Jr. Community Hospital anchors employment three miles due east along 120th Street.12003 Berendo Avenue offers investors an opportunity to acquire a value-add asset in one of the better-connected transit pockets of South Los Angeles.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LCR320U*

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Covered Parking, Uncovered

Garage Spaces 11.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Marcus & Millichap

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida 32202, United States

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12003 Berendo Ave