Property Description

Fully renovated, stabilized 10-unit apartment complex in prime Gardena. City of Gardena is NOT subject to LA City rent control and allows for 5%+CPI annual rent increases under AB 1482. Property offers an exception unit mix of (2) 3-bedroom/2 baths, (5) 2-bedroom/2 baths two-level Townhouse style units and (3) 1-bedroom/1bath units. * * * Renovations include brand-new electrical wiring, sub panels, copper plumbing, new 400-amp electrical panel, vinyl windows, exterior paint, and landscaped areas. Interior renovations include laminate flooring, recessed lighting, shaker cabinets, quartz counters, in-unit washer/dryer setups, and stainless-steel appliances. The front unit, a spacious 1,800+ sq. ft. 3-bedroom, 2.5-bathroom owner’s unit, features a front yard and central HVAC. Roof, approximately 7 years old. * * * Property offers 10 covered, assigned parking spaces, with the potential for conversion into two additional dwelling units (ADUs), maximizing rental income. Remote security camera system has been installed; common area laundry room provides additional income.