Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

19

Building size

14,415 sqft

Lot size

23,379 sqft

Year built

1965

Stories

0

Heating

None

Cooling

None

Status

Active

Days on market

24

MLS #

248671209

About this property

The Marquee Apartments, located at 14413 S. Berendo Ave. in Gardena,California, offers a prime investment opportunity within the competitiveSouth Bay submarket of Los Angeles County. This 19-unit multi-family asset, constructed in 1965, occupies a 0.54-acre site and encompasses14,415 square feet of rentable area. The property features a stabilized unit mix of one studio, nine one-bedrooms, six 2-bed/1-bath units, two2-bed/1.5-bath units, and one 3-bed/1.5 unit. ~30% Rental Upside Potential The property also has gated 24 parking spaces, and on-site laundry facilities, all set within a maintained residential environment.Operational performance is underpinned by significant recent capital improvements aimed at reducing deferred maintenance and longterm operating expenses. Upgrades include a new roof, new water heater, and the installation of a sewer line liner. Mechanical and infrastructure systems have been modernized via a 40-foot main water pipe replacement, 110 feet of new insulated exterior copper piping, and electrical upgrades in 18 of the 19 units. Exterior site maintenance is also addressed through new rain gutters and fencing on the south side.

Location

14413 S Berendo Avenue

Gardena, Los Angeles, CA, 90247