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1219 W 144th Street

Gardena, CA 90247
  • $1,200,000
  • STATUS: Active
  • ON SITE: 118 Days
  • ID#: AR24134027
UPDATED: 42 min ago
$1,200,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Hoeng Yik of Real Estates Unlimited (626-662-7168)


Description

Incredible investment opportunity to own a fourplex with significant upside in Gardena! This spacious fourplex boasts a unit mix of two (2) 2 beds/1 bath units and two (2) 1 bed / 1 bath units. All 4 units have the convenience of their own garage parking and outdoor spaces (bottom units with private yards and upstair units with private balconies). Some units have newer flooring & paint and each unit are individually metered for gas and electricity, and also has an individual water heater. Total current rents are approx. 40% below market with potential to increase rents to bring cap rate over 7.3%. There is also the potential to convert the spacious 4 car garage to an ADU (buyer to verify). Located in a great rental location and with strong rental income potential, this property makes an excellent investment to add to your portfolio!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-01T17:38:26.547. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/152323639
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1219 W 144th Street Gardena, CA 90247

  • Price: $1,200,000
  • Status: Active
  • On Site: 118 Days
  • Updated: 42 min ago
  • ID#: AR24134027
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1957
Built
Neighborhood:
118 - Pacific Square
County:
Los Angeles
Area:
118 - Pacific Square
Property Description
Incredible investment opportunity to own a fourplex with significant upside in Gardena! This spacious fourplex boasts a unit mix of two (2) 2 beds/1 bath units and two (2) 1 bed / 1 bath units. All 4 units have the convenience of their own garage parking and outdoor spaces (bottom units with private yards and upstair units with private balconies). Some units have newer flooring & paint and each unit are individually metered for gas and electricity, and also has an individual water heater. Total current rents are approx. 40% below market with potential to increase rents to bring cap rate over 7.3%. There is also the potential to convert the spacious 4 car garage to an ADU (buyer to verify). Located in a great rental location and with strong rental income potential, this property makes an excellent investment to add to your portfolio!
Exterior Features

Entry Level 1 Entry Location front Lot Features Back YardGardenLevelPavedYard Number Of Separate Electric Meters 4 Parking Features GarageOn Site Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances Gas RangeRange Hood Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Flooring CarpetLaminateWood Heating Wall Furnace Heating YN Yes Interior Features Balcony

Property Features

Additional Parcels YN No Cap Rate 4.55 Common Interest None Community Features CurbsStreet LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 74668 Gross Scheduled Income 74668 Insurance Expense 1778 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Net Operating Income 54583 New Construction YN No New Taxes Expense 14400 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 20105 Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 6224 Trash Expense 0 Utilities Electricity AvailableSewer ConnectedWater Connected Water Sewer Expense 3873 Water Source Public Zoning GAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-01T17:38:26.547. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Hoeng Yik of Real Estates Unlimited (626-662-7168)