16
See all 16 photos
$3,200,000
Est. payment /mo
17 Beds
16 Baths
9,528 SqFt
New
16511 S Denver AVE Gardena, CA 90248
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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
Listed by Jonathan Nikfarjam Shield CRE, Inc. #01856803
NEARBY SCHOOL & BUSINESS
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