16701 S Berendo Ave - Apartments FOR SALE


Gardena, CA 90247 | 
$1,299,000 USD
818-795-4477
16701 S Berendo Ave, Gardena, CA for Sale
$1,299,000 USD
Apartments - FOR SALE
1/28
null | 5.02% Cap Rate

16701 S Berendo Ave
Gardena, CA 90247


HIGHLIGHTS

  • Located in the strong & high demand rental market of Central Gardena.
  • Well maintained property with recent Cap Ex including new roof, freshly sealed upper deck and updated units with new flooring.
  • Capture additional upside with multiple garages offering potential for ADU conversion, subject to city permitting and approval.
  • Convenient access to both the 110 and 91 freeways offering seamless access throughout the South Bay and greater Los Angeles area.
  • Area is anchored by a stable and diverse employment base of aerospace manufacturers like Brek Manufacturing,SpaceX, Northrop Grumman, and Hydroform.
  • Opportunity for both owner-occupants or seasoned investors looking to expand their portfolios.

OVERVIEW

Located in the high demand rental market of Central Gardena, 16701 Berendo Ave presents a rare 4-unit opportunity for owner-occupants and investors alike. The property has been well maintained, with recent Cap Ex including a new roof, freshly sealed upper deck and updated units with new flooring. A buyer can occupy one unit with additional units that generate strong, in-place rental income to offset the mortgage. Capture additional upside with multiple garages offering potential for ADU conversion, subject to city permitting and approval. Convenient access to both the 110 and 91 freeways, along with local public transit options, offer seamless access throughout the South Bay and greater Los Angeles area. Residents enjoy access to recreation and green space including Rowley Park, Arthur Lee Johnson Park and the Gardena/Nakaoka Community Center, Local schools serving the area include: Gardena Elementary, Peary Middle School, and Gardena High School. The nearby Memorial Hospital serves as one of the city's largest employers with a reliable source of healthcare jobs. The broader area is further anchored by a stable and diverse employment base, from Gardena-based aerospace manufacturers like Brek Manufacturing to major South Bay players such as SpaceX, Northrop Grumman, and Hydroform USA. 16701 Berendo Ave is a compelling opportunity for both owner-occupants or seasoned investors looking to expand their portfolio.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$470 USD /SF

# OF UNITS

4

PRICE/UNIT

$324,750

CAP RATE

5.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Gardena 4-Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,012 SF

ZONING

GAR3

APN/PARCEL ID

6111-009-028

ASK ABOUT THIS PROPERTY

Jeffrey IsenbergBuckingham InvestmentsMore Info
818-795-4477

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Jeffrey IsenbergBuckingham InvestmentsMore Info
818-795-4477

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