$1,195,000
$1,195,000
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3,480 SqFt
SOLD DATE : 08/23/2021
Key Details
Sold Price $1,195,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $343
MLS Listing ID SB21130560
Sold Date 08/23/21
HOA Y/N No
Year Built 1968
Lot Size 9,801 Sqft
Acres 0.225
Property Description
1308 W Gardena Blvd is a great value-add opportunity for sale in Gardena! The subject property boasts a great unit mix of (1) 3 bedroom/2 bath and (3) 2 bedroom/1 bath units. Tenants enjoy their peace and quiet as all the buildings are single storied (no pitter pattering from tenants above) and sits on a LARGE 9,800 sq ft lot. Tenants love the walkability and commutability of 1308 Gardena Blvd since it is close to supermarkets, restaurants, shopping and dining options as well as the 110 and 405 freeways. With over 20%upside in rents, once an investor increases rents and gets market rents, the subject property will be operating above a 6% CAP rate and under a 11.9 GRM!
Location
State CA
County Los Angeles
Area 115 - North Gardena
Zoning GACR
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Garage Carport
Carport Spaces 5
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Parking Type Carport
Total Parking Spaces 6
Private Pool No
Building
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6111007001
Energy Description 75.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Richard Tsao • New Century Prop. & Inv.
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "