16511 S Denver Avenue, Gardena, CA 90248
- $3,200,000
- 17
- BD
- 16
- BA
- 9,528
- SqFt
- List Price
- $3,200,000
- Status
- ACTIVE
- MLS#
- 26857357
- Year Built
- 1988
- Bedrooms
- 17
- Bathrooms
- 16
- Living Sq. Ft
- 9,528
- Lot Size
- 12,831
- Acres
- 0.29
- Days on Market
- 19
- Property Type
- Multifamily
- Stories
- Two Levels, Three Or More Levels
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.
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Additional Information
- Appliances
- Washer
- Garage Spaces Total
- 4
- Attached Structure
- Detached
- Number Of Units Total
- 16
Listing courtesy of Listing Agent: Jonathan Nikfarjam (jonathan@shieldcre.com) from Listing Office: Shield CRE, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.