MLS® ID: SB19177404
819 W 165th Place
Gardena, California, 90247 $3,600,000
Active Under Contract
*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.