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1256 Gardena BLVD Gardena, CA 90247
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Key Details
Sold Price $2,275,000
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25166606
Year Built 1964
Lot Size 9,774 Sqft
Property Sub-Type Apartment
Property Description
We are proud to present a rare investment opportunity in a prime pocket of Gardena. This well-maintained 7-unit property offers an ideal unit mix consisting of six spacious 2-bedroom, 1.5-bath townhouse-style units and one additional 2-bedroom, 1.5-bath unit. With copper plumbing throughout and six of the units already renovated, this asset is in excellent condition and primed for strong rental performance. The property is conveniently located in a highly desirable area and is only subject to AB 1482 rent control, offering more flexibility for investors. With nine on-site parking spots and ample street parking, tenants enjoy ease and convenience. Offering a solid 5.51% CAP rate and an 11.99 GRM, this is a standout investment with both immediate cash flow and long-term upside.
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Interior
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Pool None
Community Features Sidewalks, Urban
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Stephen Takahashi Lyon Stahl Investment Real Estate, Inc.
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