$1,350,000
$1,300,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
6,308 Sqft Lot
SOLD DATE : 03/30/2022
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22000515
Sold Date 03/30/22
Bedrooms 7
HOA Y/N No
Lot Size 6,308 Sqft
Property Description
GREAT INVESTMENT OPPORTUNITY! This 5 unit Gardena apartment building has a great unit mix: (1) 3 bedroom/2 bath (1) 2 bedroom/1 bath, and (3) 1 bedroom/1 bath. The 3 bedroom unit has fireplace and remodeled kitchen with new cabinets & flooring. Each unit is separately metered for gas and electric. Significant recent upgrades including new roof, copper plumbing and kitchen upgrades in 2 of the units. The 3bed/2 bath unit is not occupied allowing a possible owner/user or it can easily be rented in this high demand rental market. This property presents a VALUE-ADD OPPORTUNITY with approximately 26% in upside potential in increased rents, which makes an ideal opportunity for an investor to own and generate excellent cash flow. Apartment features include: patios, carpet and ceramic tile flooring. This property was built in 1958 and is set on 6,308 sq. foot (per assessor) lot. There is a Laundry room on premises creating an additional income stream and 5 covered security gated parking spaces.
GREAT INVESTMENT OPPORTUNITY! This 5 unit Gardena apartment building has a great unit mix: (1) 3 bedroom/2 bath (1) 2 bedroom/1 bath, and (3) 1 bedroom/1 bath. The 3 bedroom unit has fireplace and remodeled kitchen with new cabinets & flooring. Each unit is separately metered for gas and electric. Significant recent upgrades including new roof, copper plumbing and kitchen upgrades in 2 of the units. The 3bed/2 bath unit is not occupied allowing a possible owner/user or it can easily be rented in this high demand rental market. This property presents a VALUE-ADD OPPORTUNITY with approximately 26% in upside potential in increased rents, which makes an ideal opportunity for an investor to own and generate excellent cash flow. Apartment features include: patios, carpet and ceramic tile flooring. This property was built in 1958 and is set on 6,308 sq. foot (per assessor) lot. There is a Laundry room on premises creating an additional income stream and 5 covered security gated parking spaces.
Location
State CA
County Los Angeles
Area Gardena (90249)
Zoning Assessor
Interior
Appliance Forced Air Unit
Building
Lot Description Curbs, Sidewalks
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Nina Le • Buckingham Investments, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1615 Murray Canyon Rd Suite 110, Diego, California, 92108, United States