ASSET Four-unit apartment located in Gardena. No local rent control – defaults to AB 1482. Situated on a 5,663-SF lot, the property contains a unit mix of (two) 2-bedroom/1-bathroom units and (two) 1-bedroom/1-bathroom units. Each unit contains their own individual hot water heater. The units have private patios/balconies and each unit has a covered parking space with storage. LOCATION 1210 West 144th Street is located just south of Rosecrans Avenue, approximately 4 miles from SoFi Stadium and Intuit Dome (NBA Clippers Arena). With direct access to the 110 Freeway, the investment possesses immediate transit to the many surrounding employment hubs of the South Bay and Downtown Los Angeles. FINANCIALS Offered at a 5.92% pro-forma cap rate and 11.72 pro-forma GRM, the asset has rents which are +/- 11% below market. The property also contains stable-in place rents with a current cap rate of 5.13% and current GRM of 12.95. Furthermore, the property is a residential asset which qualifies for residential financing. Disclosure: Gardena is not subject to local rent control; however, Gardena has Rent Mediation.