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About the Listing X82383 - C100141
16-Unit Investment Opportunity in Gardena P.O.: 12-unit structure and 4-unit structure, situated on a large 12,831-SF corner lot. Favorable Rent Control Profile: 12 units were built in 1988 and are not subject to LA City Rent Control (AB 1482 only) and 4 units were built in 1965 and are subject to L.A. RSO. Large Corner Lot with ADU Potential: Expansive lot and ample parking areas present a desirable opportunity to add ADUs (Buyer to Verify). Strong Cash Flow & Rental Upside: Offering a 5.77% current cap rate and 10.91 GRM with upside to a 7.13% pro-forma cap rate and 9.41 GRM. Recent Capital Improvements: Features newer windows and doors, 6 renovated units, a new roof on the 12-unit building (2018), copper plumbing for both buildings, a new main water line, newer sewer line (2021/2022), and the property passed the SB 721 balcony inspection. Attractive Property Amenities: Gated property featuring 24 total parking spaces and an on-site laundry facility. Convenient South Bay Location: Located approximately one-half mile from Artesia Boulevard and in close proximity to Pacific Square Shopping Center & Gardena Marketplace.
Listing Highlights
Interior Details
- Bedrooms: 17
- Bathrooms: 16 Full
- Appliances:
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Exterior Details
- Garage Capacity: 4 car
- Parking Spaces: 24
- Zoning: LAR3
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- Parking Features: Garage,Covered Parking,Tandem
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
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- Tax Year: N/A
Payment Calculator
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Questions About..
16511 S Denver Ave Gardena, CA 90248
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