12120 215th St - Apartments FOR SALE


Hawaiian Gardens, CA 90716
$2,190,000 USD
310-316-1014
12120 215th St, Hawaiian Gardens, CA for Sale
$2,190,000 USD
Apartments - FOR SALE
1/42
null | 5.86% Cap Rate

12120 215th St
Hawaiian Gardens, CA 90716


HIGHLIGHTS

  • Large SF units & good unit mix
  • Cash flow from day 1
  • Low maintenance
  • ADU potential

OVERVIEW

Rare opportunity to acquire a well-maintained and professionally operated 1984-built multifamily asset offering strong, stable cash flow from day one. The property has been extensively improved, featuring fully remodeled interiors across all units within the past 2–3 years, along with brand new exterior paint and decking, creating a turnkey investment with minimal deferred maintenance. Spanning approximately 6,871 square feet, the asset offers an excellent unit mix of two 3-bedroom/2-bath units and three 2-bedroom/1-bath units. Units are exceptionally large, (1505, 2101, 1093, 968, and 1196 square feet according to most recent appraisal). These spacious floor plans cater to family-oriented tenants and contribute to long-term occupancy and stable tenancy. The property is well parked and efficiently designed, with a total of 11 on-site parking spaces, including five single-car garages in the front and six gated tuck-under spaces accessed from the rear alley. This ample parking configuration enhances tenant satisfaction and supports strong retention. Operationally, the asset is highly efficient with separately metered gas and electricity, individual water heaters for each unit, and a history of well-vetted residents. The combination of strong in-place income, quality tenancy, and recent capital improvements positions this property as a low-maintenance, stabilized investment. In addition to its current performance, the property offers clear upside potential through continued organic rent growth, operational efficiencies, and possible ADU development utilizing existing garage space (buyer to verify). Ideal for investors seeking a well-located, income-producing asset with large unit sizes, solid fundamentals, and long-term growth potential.

FOR SALE DETAILS

PRICE

$2,190,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

5

PRICE/UNIT

$438,000

CAP RATE

5.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,810 SF

ZONING

HGR3*

APN/PARCEL ID

7065-017-027,7065-017-028

ASK ABOUT THIS PROPERTY

William MulkeyTR Wealth Management, Inc.More Info
310-316-1014

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William MulkeyTR Wealth Management, Inc.More Info
310-316-1014

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.