16511 S Denver Avenue,Gardena, CA 90248
Gardena, CA 90248
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.
Details
| MLS # | 26857357 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1988 |
| Days On Site | 96 |
| Listing Provided By | Shield CRE, Inc. | Jonathan Nikfarjam |
Features
| Bed(s) | 17 |
|---|---|
| Bath(s) | 16 |
| SQ Feet | 9,528 |
| Garage | 4 |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 2 |
| Zoning | LAR3 |
| Acreage | 0.29 |
Interior
| Appliances | Washer |
|---|
Exterior
| Security Features | Gated Community |
|---|
Parking
| Parking Features | Covered, Garage, Tandem |
|---|---|
| Garage Yes / No | Yes |
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Gardena |
| Zip Code | 90248 |
| Area | 116 North Gateway |
| Listing VS Median (in 90248) | |
Price: $3,200,000 low | high Med: $1,390,000 sqft: 9,528 low | high Med: 2,450 $ / sqft: $336 low | high Med: $567 On site: 96 low | high Med: 330 | |
Market Activity 90248
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Gardena |
| Zip Code | 90248 |
| Area | 116 North Gateway |
| Listing VS Median (in 90248) | |
Price: $3,200,000 low | high Med: $1,390,000 sqft: 9,528 low | high Med: 2,450 $ / sqft: $336 low | high Med: $567 On site: 96 low | high Med: 330 | |