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$ 874,999
Est. payment /mo
New
16701 S Denver Avenue Gardena, CA 90248
5 Beds
5 Baths
3,048 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 3,048 sqft
Price per Sqft $287
MLS Listing ID PW25197105
Bedrooms 5
Full Baths 5
Year Built 1965
Property Sub-Type All Other Attached
Property Description
16701 S Denver Ave is a well-located 4-unit apartment building in the city of Gardena, offering close proximity to major employment hubs and excellent freeway access. The property features a unit mix of (1) 2-Bed/1.5-Bath and (3) 1-Bed/1-Bath units, with 2 attached 2-car garages. The building totals 3,048 SF of living space on a 5,067 SF lot, priced attractively at $287.07/SF and $218,750 per unit. Current financials reflect a 4.24% CAP and 13.76 GRM, with a strong value-add opportunity to achieve an 7.29% market CAP and 9.55 GRM, representing 44% rental upside. The property benefits from a central South Bay location with easy access to the 110, 91, and 405 freeways, placing tenants within 20 minutes of Downtown Los Angeles, LAX, and Long Beach. With its strategic location, stable in-place income, and clear potential for growth, 16701 S Denver Ave represents a strong investment opportunity for value-add investors and 1031 exchange buyers seeking a well-positioned asset in the South Bay market.
Location
State CA
County Los Angeles
Zoning LAR3
Direction Near the corner of S Denver Ave and W Gardena Blvd
Interior
Fireplace No
Exterior
Garage Spaces 4.0
View Y/N Yes
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 6121004011
Special Listing Condition Standard
Listed by Woody Stahl Lyon Stahl Investment Real Est
