Est. cap rate

3.4%

Assumed rent, all units

$8,000/mo

Units

4

Price per unit

$349,750

Est. annual NOI

$48,000

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,886 sqft

Lot size

7,565 sqft

Year built

1957

Stories

2

Garage spaces

4

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

18

MLS #

247103670

About this property

Excellent Gardena Four-Unit Residential Income Property! This well-located multi-family property features a desirable and attractive unit mix of four 2-bedroom, 1-bath units with long-term income potential. Each unit features a laundry area off the kitchen and an individual water heater. Gas and electricity are separately metered. Two units feature updated laminate flooring in the bedrooms, living room and dining area, while two units retain carpeting. Property improvements include replacement of all windows in 2018, a roof replaced during the current ownership, and some electrical and plumbing upgrades. Parking is provided by a four-car garage with two remote-controlled, two-car garage doors. A great opportunity to acquire an established four-unit residential income property in Gardena with a desirable unit profile, garage parking and individual utility features. Conveniently located near shopping, dining, major transportation routes, El Camino College and surrounding South Bay communities.

Location

2039 Marine

Gardena, Los Angeles, CA, 90249