11703 Berendo Avenue

    Los Angeles (City), CA 90044
    • $3,825,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: SR18158186
    Price Reduced
    UPDATED: 33 min ago
    $3,825,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,240
      SQFT
    • $313
      $/SQFT
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Non rent controlled located in West Athens the unincorporated area of LA county. Actual cap of 5.78% and GRM of 12.47. Plus an investor should implement RUBS to transfer the cost of the water bill to tenants which will result in savings of $900 a month since the property is not rent controlled. Per owner all the units have been remodeled few years ago with new cabinets, counters, fixtures and flooring. Excellent unit mix of (eight) 2 bedrooms/1 baths, (Nine) 1 bedrooms/1 baths and (one) single/1 bath.Bread and butter building. Property is in County of Los Angeles not subject to LA City Soft Story Retrofit.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-19T22:29:18.1. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85239726

    11703 Berendo Avenue Los Angeles (City), CA 90044

    • Price: $3,825,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: SR18158186
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    12,240
    SQFT
    $313
    $/SQFT
    1960
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    Non rent controlled located in West Athens the unincorporated area of LA county. Actual cap of 5.78% and GRM of 12.47. Plus an investor should implement RUBS to transfer the cost of the water bill to tenants which will result in savings of $900 a month since the property is not rent controlled. Per owner all the units have been remodeled few years ago with new cabinets, counters, fixtures and flooring. Excellent unit mix of (eight) 2 bedrooms/1 baths, (Nine) 1 bedrooms/1 baths and (one) single/1 bath.Bread and butter building. Property is in County of Los Angeles not subject to LA City Soft Story Retrofit.
    Exterior Features

    Fence YN Yes Fencing Fair Condition Garage Spaces 0.00 Lot Features Corner LotPaved Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Flooring Laminate Heating Wall Heater Heating YN Yes Laundry Features AreaCommunityIndividual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.78 Community Features SidewalksStreet Lighting Country Us Electric Expense 1489.00 Elevation Units Feet Fuel Expense 4625.00 Gardener Expense 1800.00 Gross Income 306780.00 Gross Multiplier 12.47 Gross Scheduled Income 306780.00 Insurance Expense 5671.00 Land Lease YN No Laundry YN Yes Net Operating Income 221192.00 New Taxes Expense 47812.00 Number Of Separate Electric Meters 19 Number Of Separate Gas Meters 19 Number Of Separate Water Meters 1 Operating Expense 82519.00 Other Expense 5400.00 Other Expense Description Reserves Professional Management Expense 4800.00 Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector Senior Community YN No Special Listing Conditions Standard Tax Annual Amount 47812.00 Tax Year 2018 Taxes Percent 1.25 Total Actual Rent 25165.00 Total Expenses 82832.00 Trash Expense 0.00 Vacancy Allowance 3067 Vacancy Allowance Rate 1.00 Water Sewer Expense 10422.00 Water Source Public Year Built Source Assessor Zoning Lcr320u*

    Listing provided courtesy of Anie Mayelian of Keller Williams Encino-Sherman.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-19T22:29:18.1. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094