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6.02% in place cap rate and 10.47 GRM - NON RENTCONTROLLED ASSET!14719 S Berendo Ave is a fully renovated and highcash-flowing 8 unit apartment building. Each unitfeatures new floors, kitchens, bathrooms andfixtures. All major systems are in great condition.This is a perfect turn key asset for any buyer andwill produce incredible cash flow.Berendo Ave has an ideal unit mix consisting of (7)2Bed/1Bath and (1) brand new 1Bed/1Bath ADU. Thebrand new 649 sqft ADU has washer/dryer hookupsand a/c splits. Beneficial to the new owner, RUBS isin place and there is a laundry room that producean extra $875/month in income.The subject property is just minutes away frommajor employers and new developments such asSpaceX, Amazon Ring, Boeing, Hollywood Park andSoFi Stadium.
Property Type(s):
Residential Income
| Last Updated | 11/18/2024 | Year Built | 1960 |
|---|---|---|---|
| Community | Central Gardena | County | Los Angeles |
Additional Details
| AREA | Central Gardena |
|---|---|
| LOT | 7503 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | GAR3 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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