$3,200,000
About this home
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.
Facts & features
- Bedrooms
- 17
- Bathrooms
- 0 full, 0 half
- Living area
- 9,528 sq ft
- Appliances
- Washer
- Laundry
- Common Area, Laundry Room
- Levels
- Two, Three Or More
- Lot size
- 0.295 acres (12,831 sq ft)
- Year built
- 1988
- Parking
- Covered, Garage, Tandem
- Parking spaces
- 24
- Area
- 116 - North Gateway
- County
- Los Angeles
- Community features
- Gated
- Status
- Active
- Property type
- Residential Income
- Days on market
- 8
- Listed
- 2026-07-08
- Parcel #
- 6121004038
- MLS #
- 26857357
