Est. cap rate

4.1%

Assumed rent, all units

$8,440/mo

Units

4

Price per unit

$312,250

Est. annual NOI

$50,640

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

2,766 sqft

Lot size

5,012 sqft

Year built

1964

Stories

2

Garage spaces

4

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

26

MLS #

247230182

About this property

Located in the strong & high demand rental market of Central Gardena, 16701 Berendo Ave presents a rare opportunity for owner-occupants and investors alike. The property has been well maintained, with recent Cap Ex including a new roof, freshly sealed upper deck and updated units with new flooring. A buyer can occupy one unit with additional units that generate strong, in-place rental income to offset the mortgage. Capture additional upside with multiple garages offering potential for ADU conversion, subject to city permitting and approval. Convenient access to both the 110 and 91 freeways, along with local public transit options, offer seamless access throughout the South Bay and greater Los Angeles area. Residents enjoy access to recreation and green space including Rowley Park, Arthur Lee Johnson Park and the Gardena/Nakaoka Community Center, Local schools serving the area include: Gardena Elementary, Peary Middle School, and Gardena High School. The nearby Memorial Hospital serves as one of the city's largest employers with a reliable source of healthcare jobs. The broader area is further anchored by a stable and diverse employment base, from Gardena-based aerospace manufacturers like Brek Manufacturing to major South Bay players such as SpaceX, Northrop Grumman, and Hydroform USA. 16701 Berendo Ave is a compelling opportunity for both owner-occupants or seasoned investors looking to expand their portfolio.

Location

16701 S Berendo

Gardena, Los Angeles, CA, 90247