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1300 W 134th St

23 Unit Block of Flats £4,700,559 (£204,372/Unit) 6.16% Net Initial Yield Gardena, CA 90247

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Investment Highlights

Fully remodeled 23 Unit building priced at only $258k/unit.
Unit mix of (1) 3Bed/1Bath, (3) 2Bed/1Bath, (18) 1Bed/1Bath and (1) Studio/1Bath units.
Every unit features new floors, fixtures, cabinets, bathrooms and washer/dryer hookups.

Currently operating at a 6.16% cap rate and 11.15 GRM.
21 parking spaces on site as well as ample street parking.

Executive Summary

6.16% in place cap rate and 11.15 GRM - NON RENT
CONTROLLED ASSET!
This fully renovated and high cash-flowing 23 unit
asset is located on a massive 34,122 sq ft lot.
Property comes with 21 parking spaces and every
unit features new floors, cabinets, bathrooms,
kitchens and all units are equipped with washer
and dryer in unit. Perfect for family rentals. As a fully
turned asset this property has very low
maintenance. All new windows, roofs, plumbing.
This is a perfect turn key asset for any buyer and
will produce incredible cash flow.
134th St has an ideal unit mix consisting of
(1)3Bed/1Bath, (3) 2Bed/1Bath, & (18) 1Bed/1Bath and
(1) Studio/1Bath units.
The subject property is just minutes away from
major employers and new developments such as
SpaceX, Amazon Ring, Boeing, Hollywood Park and
SoFi Stadium.

1300 W 134th St - OM v6_compressed

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£421,439	£30.63
Other Income	-	-
Vacancy Loss	£12,643	£0.92
Effective Gross Income	£408,795	£29.71
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£119,366	£8.67
Net Operating Income	£289,430	£21.03

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£421,439
Annual Per SF	£30.63

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	£12,643
Annual Per SF	£0.92

Effective Gross Income
Annual	£408,795
Annual Per SF	£29.71

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£119,366
Annual Per SF	£8.67

Net Operating Income
Annual	£289,430
Annual Per SF	£21.03

Property Facts

Price	£4,700,559	Apartment Style	Low Rise
Price Per Unit	£204,372	Building Class	B
Sale Type	Investment	Lot Size	0.78 AC
Net Initial Yield	6.16%	Building Size	13,760 SF
Gross Rent Multiplier	11.15	Number of Floors	1
No. Units	23	Year Built	1951
Property Type	Residential	Parking Ratio	1.31/1,000 SF
Property Subtype	Apartment

Price	£4,700,559
Price Per Unit	£204,372
Sale Type	Investment
Net Initial Yield	6.16%
Gross Rent Multiplier	11.15
No. Units	23
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.78 AC
Building Size	13,760 SF
Number of Floors	1
Year Built	1951
Parking Ratio	1.31/1,000 SF