2134 W El Segundo Boulevard, Gardena, CA 90249

Property Description

Rare South Bay offering available for the first time since 1997: a strategically positioned multifamily asset in Gardena with large floorplans, a compelling unit mix, and a clear, operator driven path toupside. This property is not subject to Los Angeles RSO, making it especially attractive to investorswho prefer fewer regulatory constraints. Minutes from major regional employers and innovation hubs, including SpaceX's Hawthorne headquarters. Near Ring's Hawthorne office and corporate facilities, adding to the area's growing tech and advanced manufacturing employment base. Active redevelopment momentum in the submarket, highlighted by plans and municipalaction to redevelop the long vacant Hawthorne Plaza site. Convenient access to LAX and the Port of Los Angeles, supporting both commuter demand and logistics oriented employment. Unit mix: (12) Two Bed/Two Bath; (3) Two Bed/One Bath; (5) One Bed/One Bath. Large, well proportioned floorplans that are primed for interior upgrades and rent capture. Individually metered gas and electric; central water heater. One covered parking space per unit and a central courtyard pool amenities that support higher rent positioning. Onsite laundry room present but not currently active, offering immediate ancillary income potential. Estimated 43% rental upside driven by interior renovations, rent recovery to market, and operational improvements. Operational levers: implement a RUBS program, activate onsite laundry, and execute targeted unit modernizations to maximize NOI. Why This Asset Stands Out: (1) Upside provides flexibility for an experienced operator to execute a repositioning strategy. (2) Large units allow for premium positioning and broader tenant appeal (families, roommates,professionals). (3) Proximity to major employers, freeway access, LAX, the Port, and nearby redevelopment support sustained demand and rent growth. This is a classic value add play: a high demand South Bay location, sizable units ready for repositioning, and a clear operational roadmap to capture upside priced accordingly for the investor who knows how to execute.