Incredible investment opportunity to own a fourplex with significant upside in Gardena! This spacious fourplex boasts a unit mix of two (2) 2 beds/1 bath units and two (2) 1 bed / 1 bath units. All 4 units have the convenience of their own garage parking and outdoor spaces (bottom units with private yards and upstair units with private balconies). Some units have newer flooring & paint and each unit are individually metered for gas and electricity, and also has an individual water heater. Total current rents are approx. 40% below market with potential to increase rents to bring cap rate over 7.3%. There is also the potential to convert the spacious 4 car garage to an ADU (buyer to verify). Located in a great rental location and with strong rental income potential, this property makes an excellent investment to add to your portfolio!
Property Details
Price:
$1,200,000
MLS #:
AR24134027
Status:
Active
Baths:
0
Address:
1219 W 144th Street
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
118pacificsquare
City:
Gardena
Listed Date:
Jun 30, 2024
State:
CA
ZIP:
90247
Lot Size:
5,877 sqft / 0.13 acres (approx)
Year Built:
1957
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Gas Range, Range Hood
Fireplace Features
None
Flooring
Carpet, Laminate, Wood
Heating
Wall Furnace
Interior Features
Balcony
Exterior
Community Features
Curbs, Sidewalks, Street Lights
Garage Spaces
4.00
Lot Features
Back Yard, Garden, Level, Paved, Yard
Parking Features
Garage, On Site
Parking Spots
4.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Utilities
Electricity Available, Sewer Connected, Water Connected
Map
Community
- Address1219 W 144th Street Gardena CA
- Area118 – Pacific Square
- CityGardena
- CountyLos Angeles
- Zip Code90247
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Courtesy of Real Estates Unlimited. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1219 W 144th Street
Gardena, CA
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