Property Description

Marcus and Millichap is pleased to present the opportunity to acquire a twelve unit multi-family property in Gardena, California. This two-story property consists of (12) twelve spacious one-bedroom/one-bath units. Built in 1958, this property has 7,728 square feet of rentable space and sits on a 14,122 square foot lot with a newer roof. The property currently has (3) three vacancies, (2) two of which are rent ready and (1) that is down. Sellers have owned the property within the family for a long time and have maintained the property and grounds extremely well. In addition to on-site laundry facilities and machines that are owned by the Seller, the property also provides tenants with (2) two-car private garages in the front along with (4) four open spaces and (8) eight covered spots in the rear. There is potential for additional parking spaces in the rear. Capital improvements include a newer roof, master water heater and new windows for (7) seven of the units. The units are individually metered for gas and electricity. The subject property is situated at 14412 S. Berendo Avenue, South of West Rosecrans Ave and West of South Vermont Street. The property is conveniently located by the 110 freeway and half a mile from the Harbor Transitway + Rosecrans Ave Transit Station, providing easy access to transportation.