16506 S Denver Avenue, Gardena, CA 90248
- $1,200,000
- 9
- BD
- 7
- BA
- 3,948
- SqFt
- List Price
- $1,200,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 26849205
- Year Built
- 1965
- Bedrooms
- 9
- Bathrooms
- 7
- Living Sq. Ft
- 3,948
- Lot Size
- 6,532
- Acres
- 0.15
- Days on Market
- 39
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Exceptional opportunity to acquire a well-maintained 4-unit apartment building in the heart of Gardena, offering strong current income with significant upside potential. The property consists of two spacious 3-bedroom, 2-bath units, one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit, providing an attractive unit mix for a wide range of tenants.Each unit benefits from individual yard space, garage parking, and additional side parking amenities that are highly desirable and help support long-term tenant retention. The property has been well cared, recently completed exterior paint, and upgraded plumbing. Currently occupied by long-term tenants paying below-market rents, this asset presents a clear value-add opportunity for investors seeking future rental growth and increased cash flow. With low maintenance requirements and competitive pricing, the property is well-positioned for repositioning to maximize both income and equity appreciation. Conveniently located in a high-demand rental market near major freeways, employment centers, shopping, dining, and public transportation, this is an ideal investment for both seasoned and first-time multifamily investors looking to build long-term wealth through real estate. BEST PRICED IN THE IMMEDIATE AREA
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Additional Information
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Attached Structure
- Detached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Carlos Villegas (mybrokercarlosv@gmail.com) from Listing Office: eXp Realty of California Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.