2908 W 141st Pl, Gardena, CA, 90249

2908 W 141st Pl, Gardena, CA, 90249

Gardena, CA
$1,150,000

Property Description

Michael Padilla & Nico Rosmarin of Lyon Stahl Investment Real Estate are pleased to present 2908 W 141st Place, a value-add 5-unit investment opportunity located in the city of Gardena. This 4,133 SF building situated on a 6,525 SF lot consists of one (1) three-bedroom / two-bathroom unit, one (1) two-bedroom / one-bathroom unit, and three (3) one-bedroom / one-bath units. Two units also have their own balcony. Nearly 100% rental upside with a Pro-forma cap rate of 6%. Originally constructed in 1958, the property has since undergone various cosmetic and internal updates.

Property Features

  • Sale Price: $1,150,000
  • Area Size: 4,133 Sq. Ft.
  • Land Area: 6,525 Sq. Ft.
  • Year Built: 1958
  • Listing Date: 3/29/2022
  • Closing Date: 12/1/2022
  • Units: 5
  • Current GRM: 22.14
  • Current Cap Rate: 2.17%
  • Market GRM: 11.46
  • Market Cap Rate: 6.05%