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Listed by William Mulkey, DRE #00986020 • TR Wealth Management Inc.
$ 2,100,000
Est. payment /mo
Active
12120 215th ST Hawaiian Gardens, CA 90716
5,206 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26212364
Year Built 1980
Lot Size 5,206 Sqft
Source California Regional MLS
Property Description
Back on the market with another price reduction! Rare opportunity to acquire a well maintained and professionally operated multifamily property offering a 6% going-in cap rate with potential upside to over a 7% cap rate at market. Built in 1980, this approximately 6,871 square foot property offers strong in place cash flow, recent capital improvements, exceptionally large units and additional upside potential. The property features an excellent unit mix of two 3 bedroom, 2 bath units and three 2 bedroom, 1 bath units. A major highlight is the exceptionally large interior living spaces. Per the most recent appraisal, the units measure approximately 1,505, 2,101, 1,093, 968 and 1,196 square feet. These unusually spacious floor plans provide an attractive rental offering for families and long term tenants. All five units have been fully remodeled within the past 2 to 3 years. Recent exterior improvements include brand new exterior paint and decking, helping minimize near term maintenance needs. The property offers 11 onsite parking spaces, including five single car garages in front and six gated tuck under spaces accessed from the rear alley. Separately metered gas and electricity and individual water heaters for each unit provide additional operating efficiency. Additional
Location
State CA
County Los Angeles
Area 54 - Hawaiian Gardens
Rooms
Kitchen Dishwasher, Hood Over Range, Other, Exhaust Fan, Oven Range - Gas, Oven - Gas
Interior
Heating Forced Air, Gas, Central Forced Air
Cooling Central AC
Laundry None
Exterior
Parking Features Assigned Spaces, Covered Parking, Garage
Garage Spaces 11.0
Pool 31, None
View Other
Building
Foundation Raised
Water Hot Water, District - Public
Others
Tax ID 7065017027
Special Listing Condition Not Applicable
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