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.
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.