14734 S Berendo Ave - Apartments FOR SALE


Gardena, CA 90247
$2,200,000 USD
424-405-3826
14734 S Berendo Ave, Gardena, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/5
null | 5.12% Cap Rate

14734 S Berendo Ave
Gardena, CA 90247


HIGHLIGHTS

  • Excellent value-add investment opportunity with a rare mix of all three-bedroom units that average over 1,000 SF
  • 22 Percent rental upside plus ADU potential (buyer to verify)
  • Gated 11,001-square foot lot with surface and carport parking
  • Building features copper plumbing and shared laundry facilities
  • Strong rental location one block from an elementary school and Rosecrans Park and conveniently near the 110 freeway

OVERVIEW

Marcus & Millichap is pleased to present to market 14734 South Berendo Avenue, a six-unit apartment complex in Gardena, California. This offering is an excellent value-add opportunity with 22 percent rental upside, ADU potential (buyer to verify), and a rare mix of all three-bedroom/one-bath units with spacious floor plans over 1,000 square feet. 14734 South Berendo Avenue is a two-story 1959 construction situated on a 11,001-square foot gated lot that offers surface and carport parking in the rear. The building features copper plumbing and shared laundry facilities. The property is located in a strong rental submarket with convenient access to the 110 Freeway, one block from an elementary school, and one block from Rosecrans Park and Recreation Center. The average household income within one mile exceeds $90,000, providing a solid tenant base.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

6

PRICE/UNIT

$366,667

CAP RATE

5.12%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,999 SF

ZONING

R3, Gardena

APN/PARCEL ID

6114-031-028

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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