335 S. Berendo St 335 S. Berendo St
Los Angeles, CA 90020

Offering a stabilized cap rate of 8.68% and in-place cap rate of 5.85%, 335 S. Berendo St presents a compelling multifamily investment opportunity in the heart of Los Angeles. This 32-unit property, built in 1925, spans 24,960 square feet on 0.21 acres and is currently 100% occupied. The unit mix includes one- and two-bedroom apartments with an average size of 642 square feet and in-place rents of $1,452 per unit, which are 30% below market rents of $1,846.

The property generates an in-place NOI of $304,053 with a stabilized NOI of $451,601, offering investors significant rental upside....