14900 Lemoli Avenue

14900 Lemoli Avenue Gardena, California 90249 United States

Updated Set Up Sheet. Price Reduced for a quick sale. Seller financing possible. 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). 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). Upside potential exist with this asset by bringing the below market rents to market rates on turn as well as benefit from 4% potential annual rental increases. 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 the laundry room income as well as storage facilities located in the 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!!

Listing Courtesy of The Holstein Group, Email/Phone : 310-345-9994

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.