Property listed by Keller Williams Realty, Joshua Cohen 310-375-3511
$4,300,000
Rare South Bay offering available for the first time since 1997: a strategically positioned multifamily asset in Gardena with large floorplans, a compelling unit mix, and a clear, operator driven path toupside. This property is not subject to Los Angeles RSO, making it especially attractive to investorswho prefer fewer regulatory… Read More constraints. Minutes from major regional employers and innovation hubs, including SpaceX's Hawthorne headquarters. Near Ring's Hawthorne office and corporate facilities, adding to the area's growing tech and advanced manufacturing employment base. Active redevelopment momentum in the submarket, highlighted by plans and municipalaction to redevelop the long vacant Hawthorne Plaza site. Convenient access to LAX and the Port of Los Angeles, supporting both commuter demand and logistics oriented employment. Unit mix: (12) Two Bed/Two Bath; (3) Two Bed/One Bath; (5) One Bed/One Bath. Large, well proportioned floorplans that are primed for interior upgrades and rent capture. Individually metered gas and electric; central water heater. One covered parking space per unit and a central courtyard pool amenities that support higher rent positioning. Onsite laundry room present but not currently active, offering immediate ancillary income potential. Estimated 43% rental upside driven by interior renovations, rent recovery to market, and operational improvements. Operational levers: implement a RUBS program, activate onsite laundry, and execute targeted unit modernizations to maximize NOI. Why This Asset Stands Out: (1) Upside provides flexibility for an experienced operator to execute a repositioning strategy. (2) Large units allow for premium positioning and broader tenant appeal (families, roommates,professionals). (3) Proximity to major employers, freeway access, LAX, the Port, and nearby redevelopment support sustained demand and rent growth. This is a classic value add play: a high demand South Bay location, sizable units ready for repositioning, and a clear operational roadmap to capture upside priced accordingly for the investor who knows how to execute. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
34
Square Ft.
19,160
Lot Size
0.39 Acres
Year Built
1957
MLS Number
26673117
Additional Details
Building
Built in 1957, Living area: 19160.0, 1 building, Levels: Two
Cooling
None
Heating
ForcedAir
Income
Gross Income: $366,708, Net Operating Income: $199,632
Lot
0.3936 acres
Parking
20 total parking spaces, Covered
Taxes
Parcel Number: 4061001024, Zoning: GAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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