Seven-Unit Apartment
For Sale
$1,250,000
12003 Berendo Avenue, Los Angeles, CA 90044
A 1963 apartment community with two-bedroom and three-bedroom residences near Metro rail and planned bus rapid transit.
Property Size4,901 SF
Lot Size0.18 Acres
Price / SF$255.05
Days on Market26
Property Features for 12003 Berendo Avenue
General Information
Standard status
Active
Size
4,901 SF
Lot size
0.18 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
6 x 2BR, 1 x 3BR
Multifamily Units
7
Additional Details
Gross Rent Multiplier
8.47
Amenities
There is approximately 14% rental upside remaining, capturable through ordinary turnover.
The property is offered 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 C Line meets the planned southern end of Metro's 12.4-mile Vermont Transit Corridor BRT.
The 105 Freeway runs just north of the property, with the 110 roughly a mile east and direct westbound access to the South Bay and LAX.
Martin Luther King, Jr. Community Hospital sits about three miles due east along 120th Street, and LAX is about six miles west via the 105.
The property offers six two-bedroom units and one three-bedroom unit.
Building Details
Building Size
4,901 SF
Year Built
1963
Units
7
Listing Agency:
Marcus & Millichap
Listed By:
Sean Rosenzweig · License #License(s): CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: Sep 6
Changed: Sep 16
Last Checked: Oct 1 at 7:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
The property at 12003 Berendo Avenue contains seven apartment units within 4,901 square feet of improvements on a 7,828-square-foot parcel. Constructed in 1963, the unit mix includes six two-bedroom residences and one three-bedroom residence. Approximately 14% rental upside remains through ordinary turnover, and scheduled income reflects an 8.47 GRM.
Positioned in West Athens, the property is one block west of Vermont Avenue at 120th Street. Vermont/Athens Station is approximately one-half mile north, with Metro’s C Line and the southern terminus of the planned Vermont Transit Corridor. The 105 Freeway is north of the property, with access to LAX approximately six miles away and the 110 Freeway approximately one mile away. Martin Luther King, Jr. Community Hospital is three miles east along 120th Street.
Positioned in West Athens, the property is one block west of Vermont Avenue at 120th Street. Vermont/Athens Station is approximately one-half mile north, with Metro’s C Line and the southern terminus of the planned Vermont Transit Corridor. The 105 Freeway is north of the property, with access to LAX approximately six miles away and the 110 Freeway approximately one mile away. Martin Luther King, Jr. Community Hospital is three miles east along 120th Street.
Key Highlights
- Seven‑unit apartment community with six two‑bedroom units and one three‑bedroom unit
- 4,901 square feet of improvements on a 7,828‑square‑foot parcel
- Built in 1963
Property Analytics
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Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
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Business Placement
Demographics for 90044, CA
94,354
Population
28,770
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
64%
High-School Grad
5.1 sq mi
ZIP Area
18,501
Density / Sq Mi
$51,433
Median Household Income
$32,426
Median Earnings
$1,427
Median Rent
$588,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - A 1963 apartment community with two-bedroom and three-bedroom residences near Metro rail and planned bus rapid transit.
Where is this apartment building located?
The property is located at 12003 Berendo Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Seven‑unit apartment community with six two‑bedroom units and one three‑bedroom unit; 4,901 square feet of improvements on a 7,828‑square‑foot parcel; Built in 1963
