21929 Verne Avenue, Hawaiian Gardens, CA 90716
Property
Sold March 2024
Listing Agent: Tyler Leeson (DRE #01451551) · Listing Office: Marcus & Millichap RE Invest · Contact: 714-713-9086 · Bought with: Tyler Leeson · Marcus & Millichap RE Invest · MLS #OC23202870 · Source: CRMLS
About this property
21929 Verne Avenue is a 6-unit multifamily investment property located in Hawaiian Gardens, CA. Built in 1974, 21929 Verne Avenue features a strong mix of one, one-bedroom unit and five, two-bedroom units, of which one is a townhome. Property amenities include ample surface and garage parking, security doors, and on-site laundry. The property represents a unique opportunity to acquire a property in Hawaiian Gardens, a city which historically has a very low transaction velocity, including no sales of 5 or more units since August of 2021. Additionally, as of October 31st, 2023, 21929 Verne Avenue is the only listing of 5 or more units in Hawaiian Gardens. 21929 Verne Avenue is within a 1-mile radius of a plethora of local, neighborhood, and regional retail centers including Hawaiian Gardens Towne Center, The Gardens, and Long Beach Towne Center. The property is situated in close proximity to The Gardens Casino, the top employer and a major economic driver for the city of Hawaiian Gardens. Additionally, the property is just under 1 mile from Interstate 605, providing residents with convenient access to employment hubs throughout Los Angeles and Orange Counties. As the only multifamily listing in the city of Hawaiian Gardens, 21929 Verne Avenue represents a unique opportunity for an investor to acquire an asset with substantial upside in a market with little to no transaction volume.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history