16915 S Vermont Ave, Gardena, CA 90247

16915 S Vermont Ave, Gardena, CA 90247

Gardena, CA

Property Description

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.

<strong>Investment Highlights:
</strong>• NON-RENT CONTROL 4-plex, constructed in 1977<strong>
</strong>• Great unit mix, (1) 3-bed/2-bath &amp; (3) 2-bed/1.5-baths
• Each unit has (1) surface parking space, as well as (1) single-car garage<strong>
</strong>• Units feature hardwood/tile flooring<strong>
</strong>• (1) unit has been updated, new bathroom fixtures, toilet/sink, new kitchen cabinetry<strong>
</strong>• A/C systems in each unit, property fully repainted in each unit<strong>
</strong>• Washer/dryer systems available for tenants at rear of property

Property Features

  • Sale Price: $1,275,000
  • Area Size: 4,200 SF
  • Land Area: 6,183 SF
  • Year Built: 1977
  • Listing Date: 9/10/19
  • Closing Date: 2/7/2020
  • Units: 4
  • Current GRM: 15.26
  • Current Cap Rate: 4.20%
  • Price Per Unit: $325,000
  • Market GRM: 12.75
  • Market Cap Rate: 5.42%

Lyon Stahl Investment Real Estate

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