New Listing – Fourplex in Gardena
Cameron Samimi of Lyon | Stahl is pleased to present 16915 S Vermont Ave, a fouplex in Gardena!
This property is offered at $1,300,000
Massive, NON-RENT CONTROL 4-plex at 16915 South Vermont Ave., Gardena with 1977 Construction!
Incredible unit mix, made up of (1) 3-bed/2-bath and (3) 2-bed/1.5-bath units all receiving good rental income.
Units feature a combination of hardwood/tile flooring, while one unit was recently updated with all new bathroom fixtures, including new toilet and sink, as well as new cabinetry. All units have ample parking, with one surface space as well as one private garage operated with remote controlled doors.
The property was fully repainted 4 years ago, and has recently added A/C systems to each unit. Washer/dryer room is at rear of property, offering additional rental income each month.
• NON-RENT CONTROL 4-plex, constructed in 1977
• Great unit mix, (1) 3-bed/2-bath & (3) 2-bed/1.5-baths
• Each unit has (1) surface parking space, as well as (1) single-car garage
• Units feature hardwood/tile flooring
• (1) unit has been updated, new bathroom fixtures, toilet/sink, new kitchen cabinetry
• A/C systems in each unit, property fully repainted in each unit
• Washer/dryer systems available for tenants at rear of property
Gardena is made up of 5.9 square miles with a population of just over 60,000. In the last year year alone, we have a job growth 1.38%, and a predicted 37.55% increase over the next ten years. Renteres account for 47% of the population in Gardena, where the housing appreciation has increased 23.26% in the last years. Recent developments in Gardena include 1600 Artesia Square, 73 three-story townhome units, and the 35 live-work units, which is accompanied by a dog-friendly, neighborhood park, outdoor fire pit, and BBQ patio area, and Tai Chi garden. Sitting in the southwest part of Gardena is the beautiful Redondo Village, the two residential villages located on approximately five acres of land, which include a variety of single-family homes in the gated community.
Neighboring cities such as Hawthorne and Inglewood are seeing major developments which will continue to gentrify the surrounding area, and in turn benefit the city of Gardena. The area has one of the largest concentrations of aerospace headquarters, facilities, and/or subsidiaries in the U.S., including SpaceX and Boeing. As of 2017, Elon Musk’s SpaceX employs roughly 7,000 people while Boeing employs roughly 10,000. Both companies have been a boom to the gentrification of the surrounding neighborhoods, and created a high demand for more upscale dining, entertainment, and living options.