2134 W El Segundo Blvd - Apartments FOR SALE


Gardena, CA 90249
$4,300,000 USD
310-480-2130
2134 W El Segundo Blvd, Gardena, CA for Sale
$4,300,000 USD
Apartments - FOR SALE
1/8
null | 5.18% Cap Rate

2134 W El Segundo Blvd
Gardena, CA 90249


HIGHLIGHTS

  • 20-unit Gardena property that is not subject to Los Angeles RSO, available for sale for the first time since 1997!
  • Cash flow from Day One plus significant rental upside of about 32%!
  • The property features an attractive unit mix of (12) spacious two-bed/two-bath units, (3) two-bed/one-bath units, and (5) one bed units, individuall
  • Every unit comes with covered parking and a central courtyard pool for tenants to enjoy!
  • Just minutes from premier tech employers including SpaceX and Ring, with convenient access to LAX, the Port of Los Angeles, and multiple freeways.

OVERVIEW

Rare South Bay offering available for the first time since 1997: a strategically positioned multifamily asset in Gardena with large floorplans, a compelling unit mix, and a clear, operator driven path toupside. This property is not subject to Los Angeles RSO, making it especially attractive to investorswho prefer fewer regulatory constraints. Minutes from major regional employers and innovation hubs, including SpaceX’s Hawthorne headquarters. Near Ring’s Hawthorne office and corporate facilities, adding to the area’s growing tech and advanced manufacturing employment base. Active redevelopment momentum in the submarket, highlighted by plans and municipalaction to redevelop the long vacant Hawthorne Plaza site. Convenient access to LAX and the Port of Los Angeles, supporting both commuter demand and logistics oriented employment. Unit mix: (12) Two Bed/Two Bath; (3) Two Bed/One Bath; (5) One Bed/One Bath. Large, well proportioned floorplans that are primed for interior upgrades and rent capture. Individually metered gas and electric; central water heater. One covered parking space per unit and a central courtyard pool—amenities that support higher rent positioning. Onsite laundry room present but not currently active, offering immediate ancillary incomepotential. Estimated 32% rental upside driven by interior renovations, rent recovery to market, and operational improvements. Operational levers: implement a RUBS program, activate onsite laundry, and execute targeted unit modernizations to maximize. NOI. Why This Asset Stands Out: (1) Upside provides flexibility for an experienced operator to execute a repositioning strategy. (2) Large units allow for premium positioning and broader tenant appeal (families, roommates,professionals).(3) Location fundamentals—proximity to major employers, freeway access, LAX, the Port, and nearby redevelopment—support sustained demand and rent growth.This is a classic value add play: a high demand South Bay location,sizable units ready for repositioning, and a clear operational roadmap to capture upside—pricedaccordingly for the investor who knows how to execute.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

20

PRICE/UNIT

$215,000

CAP RATE

5.18%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,145 SF

ZONING

-

APN/PARCEL ID

4061-001-024

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

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