Alta Vista Apartments 15115 S Raymond Ave 35 Unit Apartment Building $10,300,000 ($294,286/Unit) 5.20% Cap Rate Gardena, CA 90247

Well-located 35-unit apartment community on a quiet residential street in one of Gardena’s more desirable pockets, offering a diversified unit mix, a history of strong occupancy, and immediate access to South Bay employment, retail, and freeways.
The asset features a true mixed-income floor plan set: spacious approximately 950 sq. ft. two-bedroom, two-bath residences; large one-bedroom, one-bath units; plus studios and bachelor units. That mix supports a broad tenant base and gives an owner flexibility on rent strategy. Many units have already been renovated, creating a value-add story that is already underway rather than purely prospective. Disclaimer : 3 units are nonconforming.
The building sits one block off Redondo Beach Boulevard, with grocery, coffee, and everyday retail within a short walk. Walk Score in this pocket is in the low 80s (Very Walkable). Commuters have quick access to the 405, 110, and 91, with LAX and the South Bay aerospace/industrial corridor—including SpaceX—nearby. The street itself is quieter than the commercial corridors around it, which has helped support the property’s historically strong occupancy.