14900 Lemoli Avenue

Gardena, CA 90249

$2,995,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $311 / sqft

1961

calendar_month Built

Property Description

Updated Set Up Sheet. Price Improvement. Seller financing available. 14900 Lemoli Ave., Gardena CA 90249 is a 16-unit apartment complex that benefits from a strong employment base as well as a nearby community college that helps provide constant demand for housing. The property consists of all large One Bedroom Units and is situated on an oversized 15,624 sq ft lot with plenty of parking. All utilities are paid by Landlord (Master Metered). Upside: Buyer may be able to institute RUBS on turnover(s). This asset is situated in zip code area of the City of Gardena, however, under it falls under the jurisdiction of LA County (not LA City). Value Added: Rents are very low compared to Market! In addition to 4% annual increases, an investor can increase rents substantially on turn-over. Additionally, there is an office unit that has plumbing for a toilet and shower which may be able to be leased out as an office (Buyer to verify). An investor can also find upside with additional income from the laundry room, storage facilities onsite, and the ample parking area. For investors looking for a value-added opportunity - this might be your deal! Some basic deferred maintenance makes this investment offering perfect for an investor that knows how to beautify a property and maximize rents in the process. Priced competitively BELOW 10x GRM (9.97) and a potential 6.30% CAP, this asset potentially can possibly cash flow at the list price using reasonable estimated expenses!!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 14900 Lemoli Avenue
City Gardena
State CA
Zip 90249
County Los Angeles
Listing Agent David Holstein DRE#01210777
Courtesy Of The Holstein Group
MLS SB23225776
List Price $2,995,000
Status Active Under Contract
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 15,627
Year Built 1961
DOM 116

Exterior Information

Maps

Listing information courtesy of: David Holstein, The Holstein Group . *Based on information from the Association of REALTORS/Multiple Listing as of May 14th, 2024 at 12:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.