11703 Berendo Avenue, Los Angeles, CA, 90044

11703 Berendo Avenue, Los Angeles, CA, 90044 < >
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for sale
$3,895,000
Year Built:1960
Status:Active
MLS #:SR18068955
Date Updated:
For information contact:
CENTURY 21 Ditton Realty
559-683-7653
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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 12.2 and the CAP to 6.1%. In addition, per owner, the property has undergone many capital improvements such as exterior paint and all copper plumbing. Per owner, the units have been remodeled with new granite kitchen counters, cabinets, flooring and paint. County of Los Angeles not subject to LA City Soft Story Retrofit.
Interior Details
Levels: TwoStories Total: 2

Exterior Details
Fencing: Fair ConditionGarage Spaces: 0.00
Lot Features: Corner LotNumber Of Buildings: 1
Number Of Units Total: 18Parking Total: 24.00
Pool Features: None

Community Information
County Or Parish: Los AngelesDirections: S Vermont Ave & 120th St
MLS Area Major: C36 - Metropolitan SouthwestParcel Number: 6079018028
Zoning: LCR320U*

Property Information From MLS Data
Year Built: 1960

Utilities
Heating: Wall HeaterWater Source: Public

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Monthly Payment for 11703 Berendo Avenue
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$3,895,000
Down Payment:
Loan Amount:$3,116,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Anie Mayelian, Keller Williams Encino-Sherman

Information obtained from CACRMLS is current as of 4/22/2018 1:15 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.