Report Listing

Home For Sale

Picture of Home For Sale in Gardena, California, United States

$4,450,000

1034 Magnolia Ave
Gardena, California, United States

27bd 16ba

Listed By: Realtyww Info

Listed On: 06/08/2023

Listing ID: GL10194848 View More Details

Description

We are pleased to present the Santorini Apartments, a 16 unit apartment community located in Gardena CA. The 16 large units consist of thirteen 2 bed 1 bath units, two studios, and one 1 bed 1 bath unit, 1034 Magnolia Ave has an ideal unit mix. The subject property has 100% copper plumbing, vinyl windows, and ownership has filled the pool to create additional parking spaces for the tenants. There are a total of 25 parking spaces, and the property is secured by controlled access and has operational security cameras on site. Additional cash flow is produced by the seller-owned laundry facility, as well as ample on-site parking options. The Santorini Apartments are priced at an attractive cap rate of 4.97%, with significant upside in rents to a 7.10% cap rate, and 9.75 times gross. In addition to having strong cash flow and attractive upside, 1034 Magnolia has been extremely well maintained, and is a unique opportunity for a savvy investor.

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Listed by: Younglewin Advisors, Inc.
Source: The World Property Journal

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