About this property

Price reduction - GRM 11.87, 5.77 CAP rate. Stabilized, substantially renovated 10 unit apartment building in Gardena. 7 of 10 units are two story townhomes. Excellent cash on cash return at closing. 8 of 10 units have been gut renovated with new electrical wiring, sub panels, copper plumbing, laminate flooring, recessed lighting, shaker cabinets and quartz counters, in unit W/D, and stainless steel appliances. Front unit is 1,800+ sf 3 bed 2.5 bath owners unit with front yard and central HVAC. Back two units have private patios. New 400 amp electrical panel, vinyl windows, and exterior paint and landscape. Roof is approximately 7 years old. 10 covered, assigned parking spaces with potential conversion to two ADUs. Lot runs street to street with access on both sides and is fully fenced. Fully remote security camera system installed. Laundry room accessible to all tenants. Potential 35%+ ROI value add upside by renovating the two remaining original units.

Features and Additional Information