1119 N Berendo St, Silver Lake Adj.
100% LEASED, 2021 FOURPLEX W/ 4 YEARS PROVEN RETURNS
1119 N Berendo is a 2021 built fourplex in Virgil Village, Silver Lake adj., offered at $2.55M with a 5.52% cap & 4 years of proven operating history. The property features four large townhome style units, separate utility metering, low operating expenses, and is 100% leased at market rents. With oversized layouts, private balconies, in unit laundry, & 8 on site parking spaces, this is a rare opportunity to acquire a newer const. fourplex with real income at an accessible price point.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
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Bldg. SF:
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$2,550,000
Fourplex
For Sale
4
2021
5.52%
13.98
$182,340/Year
6,422 sqft
6,216 sqft
$397.07
$637,500
3 x 3b/3.5b, 1 x 2b/2.5b
No
8 Parking Spaces
Yes
Other Features:
100% Leased, Owner Occupancy Financing Available!
The Highlights
2021-built fourplex with four years of proven rental history.
Outstanding stabilized cap rate of 5.52%.
Delivered 100% occupied!
Larger floorplans that outperform typical new construction.
Walkable Virgil Village location steps to Michelin dining, Erewhon, and Silver Lake.
All units separately metered for electric and water — low operating expenses!
Property management services can easily be transferred to new owner - hassle free and income generating on day 1!
Turnkey 1031 exchange opportunity — ready to close now!
Surrounded by major employment hubs like Netflix HQ, Paramount Studios, Kaiser, Childrens Hospital, and Sunset & Gower Studios.
Already a well-run, stabilized asset with long-term tenants in place, all the early kinks have been worked out, making this a truly turnkey investment.
The Neighborhood
<15-Minute Walk
Woon- Filipinotown, Maury’s, Shim Sham, Doubting Thomas, Starbucks, MacArthur Park, McDonald’s, Original Tommy’s, Smart & Final, Brooklyn Bagel Bakery, Yeems Coffee, El Pollo Loco
<15-Minute Drive
Erewhon, Target, Dodger Stadium, Crypto.com Arena, Elysian Park, Hollywood Bowl, Hollywood Walk of Fame, Atwater Village, Echo Park, Silverlake, Downtown Arts District
<$15 Uber Ride
Griffith Observatory, Paramount Pictures Studio, Runyon Canyon Park, Universal Studios, Griffith Park, Sunset Junction, Vermont St, Lyric Hyperion Theater & Bar, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters
Property Presented By:
