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
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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