16511 S Denver AVE, Gardena, CA 90248
16511 S Denver AVE, Gardena, CA 90248
16511 S Denver AVE, Gardena, CA 90248
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,200,000
Est. payment /mo
17 Beds
16 Baths
9,528 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,528 sqft

Price per Sqft $335

MLS Listing ID 26857357

Bedrooms 17

HOA Y/N No

Year Built 1988

Lot Size 0.295 Acres

Property Description

16-Unit Investment Opportunity in Gardena P.O.: 12-unit structure and 4-unit structure, situated on a large 12,831-SF corner lot. Favorable Rent Control Profile: 12 units were built in 1988 and are not subject to LA City Rent Control (AB 1482 only) and 4 units were built in 1965 and are subject to L.A. RSO. Large Corner Lot with ADU Potential: Expansive lot and ample parking areas present a desirable opportunity to add ADUs (Buyer to Verify). Strong Cash Flow & Rental Upside: Offering a 5.77% current cap rate and 10.91 GRM with upside to a 7.13% pro-forma cap rate and 9.41 GRM. Recent Capital Improvements: Features newer windows and doors, 6 renovated units, a new roof on the 12-unit building (2018), copper plumbing for both buildings, a new main water line, newer sewer line (2021/2022), and the property passed the SB 721 balcony inspection. Attractive Property Amenities: Gated property featuring 24 total parking spaces and an on-site laundry facility. Convenient South Bay Location: Located approximately one-half mile from Artesia Boulevard and in close proximity to Pacific Square Shopping Center & Gardena Marketplace.

Location

State CA

County Los Angeles

Area 116 - North Gateway

Zoning LAR3

Interior

Fireplace No

Appliance Washer

Laundry Common Area, Laundry Room

Exterior

Parking Features Covered, Garage, Tandem

Garage Spaces 4.0

Garage Description 4.0

Community Features Gated

Total Parking Spaces 24

Building

Story 3

Entry Level Two,Three Or More

Level or Stories Two, Three Or More

New Construction No

Others

Senior Community No

Tax ID 6121004038

Security Features Gated Community

Special Listing Condition Standard

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Listed by Jonathan Nikfarjam Shield CRE, Inc. #01856803

NEARBY SCHOOL & BUSINESS

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