Orange County , Irvine, Rancho, Mission Viejo, Lake Forest, Coto de Caza, Aliso Viejo, Trabuco Canyon, and Portola Hills. Danielle and Jim Corliss helping to find and buy the home of your dreams.

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819 W 165th PlaceGardena, CA 90247 0

$3,600,000
Multi-Family
Status: Active
  • Sqft:
  • Lot:12,599 sq ft
  • MLS#: SB19177404
33.880973815917969-118.28981781005859
Courtesy Of William Mulkey, TR Wealth Management Inc.

Description:

*PRICE JUST REDUCED $50,000*! 4% CASH FLOW, $225,000 COST PER UNIT,75% 2 BEDS WITH 70% OF TENANCY ON RUBS AT $286 A FOOT! This 16 unit offering consists of two adjacent buildings on separate apn parcels forming a courtyard on a corner lot in Gardena, CA. The property offers positive cash flow at asking price with existing rents and actual expenses. The unit mix is (2) two bedroom/two bathroom, (10) two bedroom/one bathroom, and (4) one bedroom/one bathroom units. It has on-site parking and laundry facilities and is gated for privacy and security. Over 50% of the property has been remodeled. This investment offering is an awesome combination of positive cash flow, upside over the long term, with professional management, efficient cost effective RUBS, and low maintenance. The property is located in Gardena, a central infill area in the South Bay in the Greater Los Angeles Area, and is under rent control allowing for 4% annual increases which makes this investment appealing to any investor.The property is directly across the street from a new Environmental Charter Middle School and is close by to Gardena Elementary School. It is one street away from the historic retail corridor on 166th street (main Street) close to where The Original Giuliano's Delicatessen is located as a local landmark. The property is within close proximity to great employment, the 91 and 110 freeway, and a short drive to the beach cities.

Main Features:

Listing Status Active Year Built 1962
Garage 0.0 Floors 2
County Los Angeles County Rental Price $0
Units 16 Zoning LAR3

Additional Features:

Accessibility Features Parking
Appliances Disposal
Gas & Electric Range
Gas Oven
Assessments Buyer to Verify
Unknown
Common Walls 1 common wall
Community Features Urban
Cooling None
Fencing Block
Fireplace None
Flooring Tile
Vinyl
Heating Wall Furnace
Interior Features Ceiling Fan(s)
Copper Plumbing Partial
Granite Counters
Tile Counters
Land Size Source Assessor
Laundry Common Area
Outside
Levels Two
Lot Features 0-1 Unit/Acre
Corner Lot
Level with Street
Lot 10000-19999 Sqft
Parking Carport
On Site
Uncovered
Pool Features None
Road Surface Alley Paved
Roof Flat
Tar/Gravel
Rooms Family Room
Galley Kitchen
Sewer Private Sewer
Sewer Assessments
Sewer On Bond
Special Conditions Standard
Tenant Pays Electricity
Gas
See Remarks
Sewer
Water
Utilities Electricity Available
Natural Gas Available
Sewer Available
Sewer Connected
Water Available
Water Source Public
Year Built Source Assessor

Extra Features:

CDOM 55 Fuel Exp 3048.00
Gross Income 299700.00 Gross Operating Income 290709.00
Insurance Expense 3700.00 Lot Size Acres 0.2892
Lot Size Area 12599.0000 Lot Size Square Feet 12599.00
Maintenance Exp 12454.00 Net Operating Income 186476.00
Number of Buildings 2 Number Of Units Leased 16
Operating Expense 104233.00 Other Income/Mo 600.00
Parking Spaces 16.00 Price Per SQFT 286.08
Price Per Unit 225000 Tax ID 6121007025
Total Expenses 104613.00

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2019 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2019 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 9/23/2019 10:48:34 AM

819 W 165th Place, Gardena, CA 90247

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2019 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2019 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 9/23/2019 10:48:34 AM

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