This fantastic 4-plex is a unique investment opportunity, perfectly blending potential and profitability. Built in 1978, this property spans approximately 4,304 square feet and offers a mix of spacious living, modern amenities, and incredible income potential. The front unit is currently vacant and ready for your personal touch! This two-story home features three generous bedrooms and two and a half bathrooms. Downstairs, there''s a spacious living room with a cozy fireplace, and a formal dining area perfect for meals and entertaining. The remodeled kitchen boasts ample counter space and a smaller dining area for casual meals. Adjacent to the kitchen, the large family room with a wet bar is ideal for gatherings and celebrations, there''s also a half bath. Upstairs, you''ll find a full bath in the master bedroom and another full bath in the hall, ensuring comfort and convenience for everyone. While the unit needs some cosmetic updates like paint and carpet, the potential here is endless. A step-down enclosure off the family room offers storage space or it can be used for a hobby or utility room or just about anything and there is a washer and dryer hookup with a laundry sink, and access to a spacious two-car garage with dual garage doors and automatic openers. There''s even a small enclosed private patio for outdoor relaxation. This property isn''t just a great place to live—it''s a smart investment, too! The additional three units are currently occupied by long-term tenants, each offering two bedrooms, one bathroom, and a two-car garage. The property has one water meter for all units and separate gas and electric meters for each unit, managing utilities is straightforward. Imagine living in the front unit while receiving steady rental income from the other three units. Alternatively, you could choose to rent all four units and maximize your investment return. Either way, this property offers financial flexibility and significant income potential. Gardena is a desirable location with a wealth of features and amenities. This vibrant city offers easy access to some of Southern California''s best attractions. You''re just a short drive from the beautiful beaches, bustling downtown Los Angeles, and LAX for all your travel needs. Gardena is also conveniently located near several major freeways, making commuting a breeze. The city boasts a rich cultural scene, diverse dining options, and numerous parks and recreational facilities.
Property Details
Price:
$1,599,990
MLS #:
SR24161552
Status:
Pending
Baths:
0
Address:
16307 Gramercy Place
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
120southgardena
City:
Gardena
Listed Date:
Aug 6, 2024
State:
CA
ZIP:
90247
Lot Size:
7,949 sqft / 0.18 acres (approx)
Year Built:
1978
See this Listing
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Schools
Interior
Appliances
Dishwasher, Disposal, Gas Oven, Gas Cooktop, Microwave
Fireplace Features
Living Room
Flooring
Carpet, Tile, Vinyl
Heating
Central
Interior Features
Wet Bar
Exterior
Community Features
Urban
Garage Spaces
8.00
Lot Features
0-1 Unit/ Acre
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address16307 Gramercy Place Gardena CA
- Area120 – South Gardena
- CityGardena
- CountyLos Angeles
- Zip Code90247
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Courtesy of HomeBased Realty. 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.
16307 Gramercy Place
Gardena, CA
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