16200 S Ainsworth St, Gardena, CA 90247
Gardena, CA$1,170,000
Property Description
Excellent Value Add Investment opportunity with over 70% upside in rental income located in a high demand rental pocket of Gardena. Low maintenance and easy to manage property with an excellent unit mix of two 3 Bed/1 Bath and four 1 Bed/1 Bath units bringing in $7,286 per month in rental income. It has the potential to convert on-site detached six parking spaces into ADUs for additional income. All tenants are up to date on rent; Three Section 8 Tenants.
Property Features
- Sale Price: $1,170,000
- Area Size: 5,030 Sq. Ft.
- Land Area: 6,752 Sq. Ft.
- Year Built: 1963
- Listing Date: 4/27/2023
- Closing Date: 5/16/2023
- Units: 6
- Current GRM: 13.72
- Current Cap Rate: 4.36%
- Price Per Unit: $200,000
- Market GRM: 7.78
- Market Cap Rate: 9.76%
- Current NOI: $52,322
