15115 S Raymond Ave - Apartments FOR SALE


Gardena, CA 90247
$10,300,000 USD
310-490-7623
15115 S Raymond Ave, Gardena, CA for Sale
$10,300,000 USD
Apartments - FOR SALE
1/17
null | 5.2% Cap Rate

15115 S Raymond Ave
Gardena, CA 90247


HIGHLIGHTS

  • AMAZING UNIT MIX FEATURING OVERSIZED ONE BEDROOM 1 BATH UNITS AND 2 BED 2 BATH UNITS
  • GATED AND SECURED ENTRANCE ON A VERY QUIET STREET WITH A GREAT WALK SCORE
  • PRIME GARDENA LOCATION WITH CLOSE PROXIMITY TO THE 110,405,91 AND 105 FREEWAY

OVERVIEW

Well-located 35-unit apartment community on a quiet residential street in one of Gardena’s more desirable pockets, offering a diversified unit mix, a history of strong occupancy, and immediate access to South Bay employment, retail, and freeways. The asset features a true mixed-income floor plan set: spacious approximately 950 sq. ft. two-bedroom, two-bath residences; large one-bedroom, one-bath units; plus studios and bachelor units. That mix supports a broad tenant base and gives an owner flexibility on rent strategy. Many units have already been renovated, creating a value-add story that is already underway rather than purely prospective. Disclaimer : 3 units are nonconforming. The building sits one block off Redondo Beach Boulevard, with grocery, coffee, and everyday retail within a short walk. Walk Score in this pocket is in the low 80s (Very Walkable). Commuters have quick access to the 405, 110, and 91, with LAX and the South Bay aerospace/industrial corridor—including SpaceX—nearby. The street itself is quieter than the commercial corridors around it, which has helped support the property’s historically strong occupancy.

FOR SALE DETAILS

PRICE

$10,300,000 USD

PRICE/SF

$339 USD /SF

# OF UNITS

35

PRICE/UNIT

$294,286

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alta Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

R3, Gardena

APN/PARCEL ID

6114-009-016

ASK ABOUT THIS PROPERTY

Mason RowlandKW Commercial SoCalMore Info
310-490-7623

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Mason RowlandKW Commercial SoCalMore Info
310-490-7623

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