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2919 141st Pl, Gardena 90249

  • Rare 5-unit building in great rental area of Gardena
  • Significant recent upgrades including roof, exterior refresh, landscaping, water heater, and enclosed garages
  • 3 out of 5 units recently updated
  • Strong actual income at 14.43 GRM with a 18.6% upside to a 12.17 GRM on market rents
  • Excellent unit mix with one 2 bed/2 bath, one 2 bed/1 bath, and three 1 bed/1 bath units
  • Laundry room available for extra income (not yet in use)
  • Well located property close to El Camino College, SpaceX, and beach communities
  • Well-maintained, professionally managed property
sold

UNITS: 5

GROSS RENT MULTIPLIER: 14.43

CAP RATE: 4.0%

AGENT: anthonywalker

PRICE

$1,325,000

ANNUAL INCOME

$91,800

ANNUAL NOI

$53,246

ANNUAL EXPENSE

$35,800

Rental Cost Details

# OF UNITS # OF BEDROOMS # OF BATHS ACTUAL RENT TOTAL RENT PRO FORMA TOTAL PRO FORMA
122$1,925$1,925$2,150$2,150
111$1,290$1,290$1,525$1,525
111$1,370$1,370$1,625$1,625
111$1,275$1,275$1,625$1,625
121$1,790$1,790$2,050$2,050
TOTAL # OF UNITS TOTAL # OF BEDROOMS TOTAL # OF BATHS GRAND TOTAL RENT GRAND TOTAL PRO FORMA
576 $7,650 $8,975