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2912 W 141st Pl - 2912-2924 W. 141st Pl & 2925 W. Rosecrans Ave 32 Unit Apartment Building Offered at $11,200,000 at a 6.44% Cap Rate Gardena, CA 90249
Investment Highlights
- Desirable Gardena Location – Approximately 1 Mile from SpaceX and 3 Miles from SoFi Stadium & Intuit Dome | No Local Rent Control (AB 1482 Only)*
- 6.44% Current Cap Rate & 10.09 Current GRM | 7.32% Pro-Forma Cap Rate & 9.19 Pro-Forma GRM
- Most Units Renovated | Extensive Electrical Upgrades - Majority of Units Contain Updated Interior Subpanels | New Roofs on 5 of the 6 Buildings
- Total of 32 Units Situated on 5 Separate Parcels – Each with Own APN | Outstanding Unit Mix | Total of 38,590-SF on a Large 38,990-SF Combined Lot
- Over $1,500,000 in Capital Expenditures Over the Past 5 Years, Including Approximately $774,000 in Interior and In-Unit Renovations
- New Main Sewer Lines, New Hot Water Heaters & Upgraded Plumbing | On-Site Laundry Facilities & Total of 32 Parking Spaces
Executive Summary
ASSET
32-unit apartment property located in Gardena. No local rent control – defaults to AB 1482. The property is situated on 5 separate parcels, each with its own APN. With a combined 38,990-SF lot, the property features an outstanding unit mix of (22) 3-bedroom/2-bathroom units, (7) 2-bedroom/2-bathroom units, and (3) studio/1-bathroom units. The asset has undergone over $1,500,000 in capital expenditures during the past five years, including approximately $774,000 in interior and in-unit renovations. A majority of the units have been renovated with new kitchens, bathrooms, and flooring. There have also been extensive electrical upgrades, including updated interior electrical panels for a majority of the units. Five of the six roofs are new. Furthermore, the property features new main sewer lines, updated plumbing, new hot water heaters, on-site laundry facilities and a total of 32 parking spaces.
LOCATION
2912-2924 W. 141st Place & 2925 W. Rosecrans Avenue are located just north of Rosecrans Avenue, approximately 1 mile from SpaceX and 3 miles from SoFi Stadium and Intuit Dome. With direct access to the 110 Freeway, the investment possesses immediate transit to the many surrounding employment hubs of the South Bay and Downtown Los Angeles.
FINANCIALS
This 38,590-SF asset presents stable in-place rents as well as legitimate rental upside. The asset contains a current cap rate of 6.44% and current GRM of 10.09 and a pro-forma cap rate of 7.32% and pro-forma GRM of 9.19.
Disclosure:
Gardena is n ot subject to local rent control; however, Gardena has Rent Mediation.
32-unit apartment property located in Gardena. No local rent control – defaults to AB 1482. The property is situated on 5 separate parcels, each with its own APN. With a combined 38,990-SF lot, the property features an outstanding unit mix of (22) 3-bedroom/2-bathroom units, (7) 2-bedroom/2-bathroom units, and (3) studio/1-bathroom units. The asset has undergone over $1,500,000 in capital expenditures during the past five years, including approximately $774,000 in interior and in-unit renovations. A majority of the units have been renovated with new kitchens, bathrooms, and flooring. There have also been extensive electrical upgrades, including updated interior electrical panels for a majority of the units. Five of the six roofs are new. Furthermore, the property features new main sewer lines, updated plumbing, new hot water heaters, on-site laundry facilities and a total of 32 parking spaces.
LOCATION
2912-2924 W. 141st Place & 2925 W. Rosecrans Avenue are located just north of Rosecrans Avenue, approximately 1 mile from SpaceX and 3 miles from SoFi Stadium and Intuit Dome. With direct access to the 110 Freeway, the investment possesses immediate transit to the many surrounding employment hubs of the South Bay and Downtown Los Angeles.
FINANCIALS
This 38,590-SF asset presents stable in-place rents as well as legitimate rental upside. The asset contains a current cap rate of 6.44% and current GRM of 10.09 and a pro-forma cap rate of 7.32% and pro-forma GRM of 9.19.
Disclosure:
Gardena is n ot subject to local rent control; however, Gardena has Rent Mediation.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,109,701
|
$28.76
|
| Other Income |
$2,733
|
$0.07
|
| Vacancy Loss |
$55,621
|
$1.44
|
| Effective Gross Income |
$1,056,813
|
$27.39
|
| Taxes |
$140,000
|
$3.63
|
| Operating Expenses |
$195,483
|
$5.07
|
| Total Expenses |
$335,483
|
$8.69
|
| Net Operating Income |
$721,330
|
$18.69
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $1,109,701 |
| Annual Per SF | $28.76 |
| Other Income | |
|---|---|
| Annual | $2,733 |
| Annual Per SF | $0.07 |
| Vacancy Loss | |
|---|---|
| Annual | $55,621 |
| Annual Per SF | $1.44 |
| Effective Gross Income | |
|---|---|
| Annual | $1,056,813 |
| Annual Per SF | $27.39 |
| Taxes | |
|---|---|
| Annual | $140,000 |
| Annual Per SF | $3.63 |
| Operating Expenses | |
|---|---|
| Annual | $195,483 |
| Annual Per SF | $5.07 |
| Total Expenses | |
|---|---|
| Annual | $335,483 |
| Annual Per SF | $8.69 |
| Net Operating Income | |
|---|---|
| Annual | $721,330 |
| Annual Per SF | $18.69 |
Property Facts
| Price | $11,200,000 | Apartment Style | Garden |
| Price Per Unit | $350,000 | Lot Size | 0.90 AC |
| Sale Type | Investment | Building Size | 38,590 SF |
| Cap Rate | 6.44% | Average Occupancy | 88% |
| Gross Rent Multiplier | 10.09 | No. Stories | 2 |
| No. Units | 32 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 0.83/1,000 SF |
| Zoning | GAR4 | ||
| Price | $11,200,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 6.44% |
| Gross Rent Multiplier | 10.09 |
| No. Units | 32 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.90 AC |
| Building Size | 38,590 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | GAR4 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 22 | $3,222 | - |
| 2+2 | 7 | $2,452 | - |
| Studios | 3 | $1,470 | - |
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
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