11513 Berendo, Los Angeles, CA 90044

• 12 beds
• 3,692 sqft

Property Description

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.

Listing Status:

Active

Date Added:

April 27, 2026

Data Last Updated:

May 1, 2026 at 7:06AM

Listing Office:

Lyon Stahl Investment Real Estate, Inc. : 310-425-9838

Listing Agent:

Brandon Maghen : 310-409-3908

MLS ID:

CRSB26090535

Interior

• Laundry: Inside

Exterior

• General: Other
• Parking: Parking spaces: 12

Location

• County: Los Angeles

Lot

• Zoning: 6079019045

Utilities

• Water: Public
• Sewer: Public Sewer