14719 S Berendo Ave - Apartments FOR SALE


Gardena, CA 90247
$2,200,000 USD
310-259-7556
14719 S Berendo Ave, Gardena, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/21
null | 6.02% Cap Rate

14719 S Berendo Ave
Gardena, CA 90247


HIGHLIGHTS

  • Fully remodeled 8 Unit building priced at only $275k/unit - Currently operating at a 6.02% CAP Rate and 10.47 GRM
  • All major systems are in great condition
  • Brand new 649 sqft ADU has been completed - features laundry hookups and ac split
  • Ideal unit mix of (7) 2Bed+1Bath & (1) 1Bed+1Bath units
  • 12 parking spaces on site
  • RUBS in place and laundry room generating an additional $875/month in income

OVERVIEW

6.02% in place cap rate and 10.47 GRM - NON RENT CONTROLLED ASSET! 14719 S Berendo Ave is a fully renovated and high cash-flowing 8 unit apartment building. Each unit features new floors, kitchens, bathrooms and fixtures. All major systems are in great condition. This is a perfect turn key asset for any buyer and will produce incredible cash flow. Berendo Ave has an ideal unit mix consisting of (7) 2Bed/1Bath and (1) brand new 1Bed/1Bath ADU. The brand new 649 sqft ADU has washer/dryer hookups and a/c splits. Beneficial to the new owner, RUBS is in place and there is a laundry room that produce an extra $875/month in income. The subject property is just minutes away from major employers and new developments such as SpaceX, Amazon Ring, Boeing, Hollywood Park and SoFi Stadium.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$485 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

6.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

GAR3

APN/PARCEL ID

6114-022-020

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.