Excellent opportunity to own a strong cash flowing 4-unit income property in the city of Gardena. Total rents are $7,611/mo or $91,332/yr (approx. 5.39% cap rate and 13.57 GRM). The rents have significant upside and has a potential to be 7.21% cap rate with market rents. The 2-story building totals 3,410 sq ft and consist of three (3) 2 bed/1.5 bath townhouse style units ( two-story with no neighbors above or below) and one (1) spacious 1 bed/1 bath unit. Some units have been updated over the years with newer floors, paint, kitchen countertops, sinks, appliances & fixtures. Each unit is individually metered for gas and electricity. There are a total of 6 parking spaces: (2) 1-car garages, (2) carports, plus 2 onsite parking space. Possible garage conversion to ADU would result in additional income (buyer to verify). The Property is low maintenance, easy to manage, and conveniently located to I-110 & I-405 freeways, transportations, restaurants & shops. Situated in a high demand rental area with strong rental income, this property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Property Details
Price:
$1,240,000
MLS #:
AR24133738
Status:
Pending
Baths:
0
Address:
1733 W 144th Street
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
118pacificsquare
City:
Gardena
Listed Date:
Jun 30, 2024
State:
CA
ZIP:
90247
Lot Size:
5,540 sqft / 0.13 acres (approx)
Year Built:
1963
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Gas Range, Range Hood
Fireplace Features
None
Flooring
Laminate, Wood
Heating
Wall Furnace
Exterior
Community Features
Sidewalks, Street Lights
Garage Spaces
2.00
Lot Features
Lawn, Level, Yard
Parking Features
Assigned, Carport, Garage
Parking Spots
6.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1733 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.
1733 W 144th Street
Gardena, CA
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