15411 S Berendo Ave 4 Unit Apartment Building $1,495,000 ($373,750/Unit) 4.25% Cap Rate Gardena, CA 90247

ASSET
Four-unit apartment located in Gardena. No local rent control – defaults to AB 1482. The property was built in 1989 and features individual hot water heaters for each unit, GFCIs in all units, entry gate with intercom, an on-site laundry facility and a total of seven garage parking spaces. The property has an outstanding unit mix of (one) 3-bedroom/2.5-bathroom townhouse unit, (two) 2-bedroom/2-bathroom units and (one) 2-bedroom/1.5-bathroom townhouse unit. The front 3-bedroom townhouse unit is spacious and contains a fireplace, washer/dryer hook-ups and a two-car garage with direct access to the unit. The 2-bedroom/1.5-bathroom townhouse unit has a private yard and a two-car garage with direct access to the unit. Situated on a large 9,246-square foot lot, the property presents a desirable opportunity to add an ADU (Accessory Dwelling Unit).
LOCATION
15411 S. Berendo Avenue is located in a desirable pocket of Gardena, just South of Redondo Beach Boulevard. The asset is approximately a half-mile from the Pacific Square Shopping Center and is in close proximity to the many retail shops, restaurants, entertainment, and shopping centers on both Redondo Beach Boulevard and Western Avenue.
FINANCIALS
This 5,184-SF asset contains strong in-place rents with a current cap rate of 4.25% and current GRM of 14,81 and a pro-forma cap rate of 6.30% and pro-forma GRM of 11.28.

Disclosure:
Gardena is not subject to local rent control; however, Gardena has Rent Mediation. Buyer to investigate independently. Please do not disturb tenants and do not walk on property.