MLS® ID: SB19177404

819 W 165th Place

Gardena, California, 90247

$3,600,000 Active Under Contract
  • - SQFT
*PRICE JUST REDUCED $50,000*! 4% CASH FLOW, $225,000 COST PER UNIT,75% 2 BEDS WITH 70% OF TENANCY ON RUBS AT $286 A FOOT! This 16 unit offering consists of two adjacent buildings on separate apn parcels forming a courtyard on a corner lot in Gardena, CA. The property offers positive cash flow at asking price with existing rents and actual expenses. The unit mix is (2) two bedroom/two bathroom, (10) two bedroom/one bathroom, and (4) one bedroom/one bathroom units. It has on-site parking and laundry facilities and is gated for privacy and security. Over 50% of the property has been remodeled. This investment offering is an awesome combination of positive cash flow, upside over the long term, with professional management, efficient cost effective RUBS, and low maintenance. The property is located in Gardena, a central infill area in the South Bay in the Greater Los Angeles Area, and is under rent control allowing for 4% annual increases which makes this investment appealing to any investor. The property is directly across the street from a new Environmental Charter Middle School and is close by to Gardena Elementary School. It is one street away from the historic retail corridor on 166th street (main Street) close to where The Original Giuliano's Delicatessen is located as a local landmark. The property is within close proximity to great employment, the 91 and 110 freeway, and a short drive to the beach cities.
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Listing courtesy of TR Wealth Management Inc.

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    90247
  • Office name
    TR Wealth Management Inc.
  • SQFT
    0
  • Bedrooms
    0
  • Zoning type
    LAR3
  • Year built
    1962
  • Lot size
    12599.00
  • Sewer
    Private Sewer,Sewer Assessments,Sewer On Bond
  • Heating
    Wall Furnace
  • Tax year
    0
  • Agent name
    William Mulkey
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    S1078
  • Agent ID
    SMULKWIL

Location

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