16928 S Berendo Ave - Apartments FOR SALE


Gardena, CA 90247
$1,150,000 USD
707-225-2402
16928 S Berendo Ave, Gardena, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/10
null | 5.05% Cap Rate

16928 S Berendo Ave
Gardena, CA 90247


HIGHLIGHTS

  • 4 Total Units (3 Legal/1 Non-Conforming)
  • Large Front House – 3 Bed/1 Bath
  • Strong Owner-User Appeal
  • Attractive Pricing – 12.13 GRM | 5.05% Cap Rate

OVERVIEW

We are pleased to present 16928 Berendo Ave, a well-positioned 4-unit investment opportunity consisting of 3 legal units and 1 non-conforming unit. The property features a large standalone 3-bedroom, 1-bathroom front house, providing a highly desirable layout for an owner-user or the ability to achieve premium rental income. The remaining units are located in the rear, allowing for a functional separation between living and income-producing components. The property offers strong owner-user appeal, with the ability to live in the front house while collecting income from the rear units to offset the mortgage. Additionally, property is well parked with a total of 5 parking spots. Priced to sell at a 12.13 GRM and 5.05% cap rate, the property is positioned competitively relative to current on-market comparables, offering investors attractive in-place returns with the potential for future growth. For more information, please reach out.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$366 USD /SF

# OF UNITS

4

PRICE/UNIT

$287,500

CAP RATE

5.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,905 SF

ZONING

GAR2

APN/PARCEL ID

6111-017-028

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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