Property details
Propery Type:
Apartments
Address:
16928 Berendo Ave Gardena, CA 90247
Offering Price:
$1,150,000
Units:
4
Cap Rate:
5.05%
Listed By
Jonathan Weir
Senior Managing Director Investments
(424) 405-3900
Simon Shafiee
Investment Sales Associate
4244053863
Contact Us
Investment Highlights

Marcus & Millichap, as the exclusive advisors, are pleased to present 16928 Berendo Ave, a well-positioned 4-unit investment opportunity consisting of 3 legal units and 1 non-conforming unit. The property features a large standalone 3-bedroom, 2-bathroom front house, providing a highly desirable layout for an owner-user or the ability to achieve premium rental income. The remaining units are located in the rear, allowing for a functional separation between living and income-producing components. The property offers strong owner-user appeal, with the ability to live in the front house while collecting income from the rear units to offset the mortgage. Additionally, property is well parked with a total of 5 parking spots. Priced to sell at a 12.13 GRM and 5.05% cap rate, the property is positioned competitively relative to current on-market comparables, offering investors attractive in-place returns with the potential for future growth. For more information, please reach out.

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Listed By
Jonathan Weir
Senior Managing Director Investments
(424) 405-3900
Contact Us

16928 Berendo Ave

Gardena, CA
90247
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