33
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$4,400,000
Est. payment /mo
28 Beds
22 Baths
14,415 SqFt
New
14413 S Berendo AVE Gardena, CA 90247
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 14,415 sqft
Price per Sqft $305
MLS Listing ID 26102535
Bedrooms 28
HOA Y/N No
Year Built 1965
Lot Size 0.537 Acres
Property Description
The Marquee Apartments, located at 14413 S. Berendo Ave. in Gardena,California, offers a prime investment opportunity within the competitiveSouth Bay submarket of Los Angeles County. This 19-unit multi-family asset, constructed in 1965, occupies a 0.54-acre site and encompasses14,415 square feet of rentable area. The property features a stabilized unit mix of one studio, nine one-bedrooms, six 2-bed/1-bath units, two2-bed/1.5-bath units, and one 3-bed/1.5 unit. ~30% Rental Upside Potential The property also has gated 24 parking spaces, and on-site laundry facilities, all set within a maintained residential environment.Operational performance is underpinned by significant recent capital improvements aimed at reducing deferred maintenance and longterm operating expenses. Upgrades include a new roof, new water heater, and the installation of a sewer line liner. Mechanical and infrastructure systems have been modernized via a 40-foot main water pipe replacement, 110 feet of new insulated exterior copper piping, and electrical upgrades in 18 of the 19 units. Exterior site maintenance is also addressed through new rain gutters and fencing on the south side.
Location
State CA
County Los Angeles
Area 118 - Pacific Square
Zoning GAR3
Interior
Heating None
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Detached Carport, One Space
Total Parking Spaces 24
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6114019016
Special Listing Condition Standard
Listed by Adam Peterson CB Richard Ellis, Inc. #01815802
NEARBY SCHOOL & BUSINESS
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