14719 S Berendo Ave
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14719 S Berendo Ave
8 Unit Block of Flats £1,738,022 (£217,253/Unit) 6.02% Net Initial Yield Gardena, CA 90247
Investment Highlights
- Fully remodeled 8 Unit building priced at only $275k/unit - Currently operating at a 6.02% CAP Rate and 10.47 GRM
- Brand new 649 sqft ADU has been completed - features laundry hookups and ac split
- 12 parking spaces on site
- All major systems are in great condition
- Ideal unit mix of (7) 2Bed+1Bath & (1) 1Bed+1Bath units
- RUBS in place and laundry room generating an additional $875/month in income
Executive Summary
6.02% in place cap rate and 10.47 GRM - NON RENT
CONTROLLED ASSET!
14719 S Berendo Ave is a fully renovated and high
cash-flowing 8 unit apartment building. Each unit
features new floors, kitchens, bathrooms and
fixtures. All major systems are in great condition.
This is a perfect turn key asset for any buyer and
will produce incredible cash flow.
Berendo Ave has an ideal unit mix consisting of (7)
2Bed/1Bath and (1) brand new 1Bed/1Bath ADU. The
brand new 649 sqft ADU has washer/dryer hookups
and a/c splits. Beneficial to the new owner, RUBS is
in place and there is a laundry room that produce
an extra $875/month in income.
The subject property is just minutes away from
major employers and new developments such as
SpaceX, Amazon Ring, Boeing, Hollywood Park and
SoFi Stadium.
CONTROLLED ASSET!
14719 S Berendo Ave is a fully renovated and high
cash-flowing 8 unit apartment building. Each unit
features new floors, kitchens, bathrooms and
fixtures. All major systems are in great condition.
This is a perfect turn key asset for any buyer and
will produce incredible cash flow.
Berendo Ave has an ideal unit mix consisting of (7)
2Bed/1Bath and (1) brand new 1Bed/1Bath ADU. The
brand new 649 sqft ADU has washer/dryer hookups
and a/c splits. Beneficial to the new owner, RUBS is
in place and there is a laundry room that produce
an extra $875/month in income.
The subject property is just minutes away from
major employers and new developments such as
SpaceX, Amazon Ring, Boeing, Hollywood Park and
SoFi Stadium.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£166,044
|
£36.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£8,302
|
£1.83
|
| Effective Gross Income |
£157,742
|
£34.76
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£53,083
|
£11.70
|
| Net Operating Income |
£104,659
|
£23.06
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £166,044 |
| Annual Per SF | £36.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £8,302 |
| Annual Per SF | £1.83 |
| Effective Gross Income | |
|---|---|
| Annual | £157,742 |
| Annual Per SF | £34.76 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £53,083 |
| Annual Per SF | £11.70 |
| Net Operating Income | |
|---|---|
| Annual | £104,659 |
| Annual Per SF | £23.06 |
Property Facts
| Price | £1,738,022 | Property Subtype | Apartment |
| Price Per Unit | £217,253 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Net Initial Yield | 6.02% | Building Size | 5,187 SF |
| Gross Rent Multiplier | 10.47 | Number of Floors | 2 |
| No. Units | 8 | Year Built | 1960 |
| Property Type | Residential |
| Price | £1,738,022 |
| Price Per Unit | £217,253 |
| Sale Type | Investment |
| Net Initial Yield | 6.02% |
| Gross Rent Multiplier | 10.47 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,187 SF |
| Number of Floors | 2 |
| Year Built | 1960 |
1 of 1
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 6114-022-020 | Improvements Assessment | £482,200 (2024) |
| Land Assessment | £532,958 (2024) | Total Assessment | £1,015,158 (2024) |
PROPERTY TAXES
Parcel Number
6114-022-020
Land Assessment
£532,958 (2024)
Improvements Assessment
£482,200 (2024)
Total Assessment
£1,015,158 (2024)
zoning
| Zoning Code | GAR3 |
| GAR3 |
-
Cameron Samimi -
Olga Wright -
Lyon Stahl Investment Real Estate
1 of 22
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14719 S Berendo Ave
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