2617 W Rosecrans Ave, Gardena, CA 90249
Gardena, CA$1,400,000
Property Description
INVESTMENT HIGHLIGHTS
- 6-Unit Apartment Building Located in Gardena
- 4,310 Sq Ft Building Situated on a 6,837 Sq Ft Lot | Zoned R4
- 5.42% Market CAP | 12.12 Market GRM
- Unit Mix: (2) 2-Bed/1-Bath & (4) 1-Bed/1-Bath
- (6) Carport Spots
- Great Upside Potential: (3) 1-Bed/1-Bath Units Are Vacant + Can Be Delivered Vacant at COE
EXECUTIVE SUMMARY
Lyon Stahl is proud to present 2617 Rosecrans Ave, a well-positioned 6-Unit in Gardena. Built in 1959, the 4,310 SF building sits on a 6,837 SF lot, and features (4) 2-bed/1-bath units, and (4) 1-bed/1-bath units, with a carport for (6) cars in the back. This property currently has an impressive cap rate of 4.98% and a market cap of 5.42% Given the ideal location in a high-growth city and potential income of over $10,389/mo, this is a great opportunity to own a quality asset for any Los Angeles CRE investor.
Property Features
- Sale Price: $1,400,000
- Area Size: 4,310 Sq. Ft.
- Land Area: 6,837 Sq. Ft.
- Year Built: 1959
- Listing Date: 3/29/2023
- Closing Date: 6/23/2023
- Units: 6
- Current GRM: 12.03
- Current Cap Rate: 5.39%
- Price Per Unit: $250,000
- Market GRM: 11.36
- Market Cap Rate: 5.85%
- Current NOI: $80,845
