14506 S Normandie Avenue, Gardena, CA 90247

$1,040,000

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Sold Price
$1,040,000
List Price
$1,050,000
Closing Date
Mar 22, 2024
Status
CLOSED
MLS#
SB24030313
Year Built
1957
Lot Size
6,166
Acres
0.14
Lot Location
2-5 Units/Acre, Front Yard
Days on Market
8
Property Type
Multifamily
Property Sub Type
Quadruplex

Property Description

Conveniently located apartment complex with great upside potential for an owner / investor!!! Single building 4 unit residential apartment consisting of two 2 bedroom 1 bath units and two 1 bedrooms 1 bath units with a separate enclosed garage providing one parking space per unit. The flexibility of below market month to month rents (3 of 4 tenants) and the opportunity for high impact improvements provides the basis to add significant value. Unit 1 has been recently improved and is now generating a market rent (significantly higher than the other two bedroom one bath unit). Desirable location walking distance to restaurants, entertainment, gyms, shops and parks. Easy access to public transportation. Conveniently located near the 110, 405, 91 and 105 freeways with strong access to the beach, downtown and westside. Don’t miss out on this exciting investor opportunity!!! DO NOT WALK ON THE PROPERTY OR DISTURB THE TENANTS. MORE INFORMATION TEXT OR E-MAIL SHERI MESSERLIAN.

Additional Information

Pool Description
None
Heat
Wall Furnace
Cooling Description
None
Garage Spaces Total
4
Sewer
Sewer Tap Paid
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$79,380
Operating Expense
26789

Listing courtesy of Listing Agent: Sheri Messerlian (smesserlian@naicapital.com) from Listing Office: NAI Capital.

Listing sold by Sheri Messerlian from NAI Capital

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.