16511 S Denver Ave, Gardena, CA 90248
- $3,200,000
- 17
- BD
- 16
- BA
- 9,528
- SqFt
- List Price
- $3,200,000
- MLS#
- 26857357
- Year Built
- 1988
- Bedrooms
- 17
- Bathrooms
- 16
- Living Sq. Ft
- 9,528
- Lot Size
- 12,831
- Days on Market
- 20
- Property Type
- Multifamily
- Stories
- 3
Property Description
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.
Additional Information
- Other Buildings
- Other
- Heat
- Other
- Cooling
- Other
- Number of Cars in Garage
- Garage, Covered Parking, Tandem
- Garage Spaces Total
- 4
Mortgage Calculator
Courtesy of Shield CRE, Inc., Jonathan Nikfarjam - CA DRE#01856803
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