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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR24133738
Sold Date 10/02/24
HOA Y/N No
Year Built 1963
Lot Size 5,540 Sqft
Property Description
Excellent opportunity to own a strong cash flowing 4-unit income property in the city of Gardena. Total rents are $7,611/mo or $91,332/yr (approx. 5.39% cap rate and 13.57 GRM). The rents have significant upside and has a potential to be 7.21% cap rate with market rents. The 2-story building totals 3,410 sq ft and consist of three (3) 2 bed/1.5 bath townhouse style units ( two-story with no neighbors above or below) and one (1) spacious 1 bed/1 bath unit. Some units have been updated over the years with newer floors, paint, kitchen countertops, sinks, appliances & fixtures. Each unit is individually metered for gas and electricity. There are a total of 6 parking spaces: (2) 1-car garages, (2) carports, plus 2 onsite parking space. Possible garage conversion to ADU would result in additional income (buyer to verify). The Property is low maintenance, easy to manage, and conveniently located to I-110 & I-405 freeways, transportations, restaurants & shops. Situated in a high demand rental area with strong rental income, this property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Location
State CA
County Los Angeles
Area 118 - Pacific Square
Zoning GAR3
Interior
Interior Features All Bedrooms Up
Heating Wall Furnace
Flooring Laminate, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range, Range Hood
Laundry None
Exterior
Garage Assigned, Carport, Garage
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Lawn, Level, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6103002046
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 1832.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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