80-Bedroom Residential Income — 2912 W 141st Place, Gardena, CA
$11,200,000
2912 W 141st Place, Gardena, CA
About this property
Desirable Gardena Location: Approximately 1 mile from SpaceX and 3 miles from SoFi Stadium and Intuit Dome. 32 Units Across 5 Separate Parcels: Each parcel has its own APN, providing a unique multifamily investment opportunity. Strong In-Place Financials & Rental Upside: 6.44% current cap rate and 10.09 current GRM, with upside to a 7.32% pro-forma cap rate and 9.19 pro-forma GRM. Outstanding Unit Mix: Comprised of (22) 3-bedroom/2-bathroom units, (7) 2-bedroom/2-bathroom units, and (3) studio/1-bathroom units. Over $1.5 Million in Recent Capital Expenditures: More than $1,500,000 invested over the past 5 years, including approximately $774,000 in interior and in-unit renovations. Extensively Renovated Asset: Majority of units feature renovated kitchens, bathrooms, and flooring, along with extensive electrical upgrades and updated interior subpanels. Major System Upgrades: Five of six roofs are new, along with new main sewer lines, new hot water heaters, and upgraded plumbing. Large Multifamily Asset & Property Amenities: 38,590 SF of rentable building area on a combined 38,990-SF lot, featuring on-site laundry facilities, 32 parking spaces, and no local rent control (AB 1482 only).
Property details
Location
2912 W 141st Place • Gardena, CA 90249
Listed by
Jonathan Nikfarjam · Shield CRE, Inc.
Nearby listings in Gardena, CA
- 335 E 158th, Gardena, CA · $650,000
- 2716 W 155th, Gardena, CA · $919,000
- 17700 S Western Avenue 160, Gardena, CA · $128,000
- 16519 La Salle 2, Gardena, CA · $530,000
- 15919 Halldale Avenue A, Gardena, CA · $3,500/mo
- 14051 Diamond Lane 1, Gardena, CA · $4,350/mo
- 13413 Purche, Gardena, CA · $839,000
- 1455 W 173rd Street, Gardena, CA · $935,000
- 15919 Halldale Ave #A, Gardena, CA · $699,900
- 2616 W 154th, Gardena, CA · $869,000
- 16701 S Berendo, Gardena, CA · $1,299,000
- 3132 W 152nd Street, Gardena, CA · $1,250,000