12218 224th St - Apartments FOR SALE


Hawaiian Gardens, CA 90716
$1,250,000 USD
562-842-7248
12218 224th St, Hawaiian Gardens, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/6
null | 4.02% Cap Rate

12218 224th St
Hawaiian Gardens, CA 90716


HIGHLIGHTS

  • Multiple Exit Strategies: Suitable for hold, value-add execution, or repositioning in an improving submarket.
  • Emerging Market with New Investment Activity: Recent developments, including the Holiday Inn Express & Suites Hawaiian Gardens, signal growing investo
  • Location at LA / Orange County Border: Strategic positioning adjacent to Cypress, Los Alamitos, and Cerritos supports long-term demand.
  • High-Demand 2 Bed / 1 Bath Unit Mix: 100% family-oriented layout drives consistent occupancy and tenant stability.
  • Stable Cash Flow with Upside: $70,200 current gross income with clear potential to increase rents and improve returns.
  • Attractive Basis vs. Surrounding Markets: $416/SF entry point offers relative value compared to nearby Orange County submarkets.

OVERVIEW

A steady income asset in a market that continues to gain momentum. This 4-unit multifamily property offers a clean, highly functional unit mix, strong in-place income, and a location that continues to attract both renters and long-term investors. The asset consists of four (4) two-bedroom / one-bathroom units within an approximately 3,000 square foot, two-story building situated on a 5,227 square foot lot. The property is currently generating $70,200 in annual gross income, supported by a stable tenant base and a layout that consistently performs well within the local rental market. With eight (8) total parking spaces, the asset provides a practical amenity set that aligns with tenant expectations and supports long-term occupancy. Positioned with immediate access to the Interstate 605, the property benefits from strong regional connectivity to both Los Angeles and Orange County employment centers. Additionally, its proximity to major retail and lifestyle amenities, including the Long Beach Towne Center and El Dorado Regional Park enhances its appeal to a broad tenant base. Bordering high-income and highly desirable communities such as Los Alamitos, Cypress, Cerritos, Lakewood, and the eastern portion of Long Beach, Hawaiian Gardens benefits from its proximity to stronger surrounding markets while offering a more accessible entry point for investors. The area continues to show clear signs of growth and increasing demand. Recent developments, including the Holiday Inn Express & Suites Hawaiian Gardens, along with ongoing commercial improvements along the Carson Street corrido

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

4.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hawaiian Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C4

APN/PARCEL ID

7076-034-004

ASK ABOUT THIS PROPERTY

Victor AmbrizKeller Williams Los AngelesMore Info
562-842-7248

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Victor AmbrizKeller Williams Los AngelesMore Info
562-842-7248

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