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$11,200,000
Est. payment /mo
80 Beds
61 Baths
38,590 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 38,590 sqft
Price per Sqft $290
MLS Listing ID 26873205
Bedrooms 80
HOA Y/N No
Year Built 1959
Lot Size 0.895 Acres
Property Description
Desirable Gardena Location: Approximately 1 mile from SpaceX and 3 miles from SoFi Stadium and Intuit Dome. 32 Units Across 5 Separate Parcels: Each parcel has its own APN, providing a unique multifamily investment opportunity. Strong In-Place Financials & Rental Upside: 6.44% current cap rate and 10.09 current GRM, with upside to a 7.32% pro-forma cap rate and 9.19 pro-forma GRM. Outstanding Unit Mix: Comprised of (22) 3-bedroom/2-bathroom units, (7) 2-bedroom/2-bathroom units, and (3) studio/1-bathroom units. Over $1.5 Million in Recent Capital Expenditures: More than $1,500,000 invested over the past 5 years, including approximately $774,000 in interior and in-unit renovations. Extensively Renovated Asset: Majority of units feature renovated kitchens, bathrooms, and flooring, along with extensive electrical upgrades and updated interior subpanels. Major System Upgrades: Five of six roofs are new, along with new main sewer lines, new hot water heaters, and upgraded plumbing. Large Multifamily Asset & Property Amenities: 38,590 SF of rentable building area on a combined 38,990-SF lot, featuring on-site laundry facilities, 32 parking spaces, and no local rent control (AB 1482 only).
Location
State CA
County Los Angeles
Area 114 - Hollypark
Zoning GAR4
Interior
Fireplace No
Appliance Washer
Laundry Laundry Room
Exterior
Parking Features Covered, Carport
Total Parking Spaces 32
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4059019005
Special Listing Condition Standard
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Listed by Jonathan Nikfarjam Shield CRE, Inc. #01856803
Nearby Locations
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