Listed by Marcus & Millichap, Marcus & Millichap - South Bay
$1,485,000
1210 W. 144th Street
Details
APN 6114034022
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,290
Units 4
Cap Rate 4.91%
NOI $72,984
Occupancy 75%
Pro-Forma Cap Rate 4.85%
Pro-Forma NOI $71,970
Price per SqFt $451
Class C
Year Built 1958
Buildings 1
Stories 2
Acreage 0.130
Zoning Assessor
Parking Spaces 4 spaces
Parking Per SqFt 1.22
Investment Type Stabilized
Gardena Fourplex | 1 Unit Delivered Vacant
Marketing description
1210 West 144th Street is a two-story 1958 construction with two two-bedroom/one-bath and two one-bedroom/one-bath units. Each unit has its own individual water heater, carport parking space with storage, and balcony or patio. The property is separately metered for gas and electricity, helping to minimize owner expenses. This asset presents an attractive opportunity for an investor seeking stable in-place income with potential upside. Current rents are seven percent below market, offering rental upside through strategic management and turnover. Gardena continues to demonstrate strong multifamily demand fundamentals, driven by its central location, proximity to major employment hubs, and access to key transportation corridors including the 110 and 405 freeways. The city benefits from consistent rental demand due to its relative affordability compared to neighboring coastal markets, limited new multifamily supply, and a diverse workforce base. These factors support long-term occupancy stability and rental growth potential for investors.
Investment highlights
- Gardena Fourplex With Desirable Floor Plans: Unit mix of two 2BD/1BA and two 1BD/1BA units, each with a private balcony or patio, individual water heater, and carport parking with storage
- Stable In-Place Cash Flow With Potential Upside: Excellent acquisition opportunity for an investor looking for a stabilized asset with upside potential as units turnover
- Strong Rental Market Fundamentals: Central location with proximity to major employment hubs and freeway access, combined with relative affordability and limited new supply supports consistent demand and long-term growth
- One unit will be delivered vacant
Listing Contacts
Listed by Marcus & Millichap, Marcus & Millichap - South Bay
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,984.00
$6,082.00/mo
Valuation Metrics
0
DSCR
4.91%
Cap Rate
4.91%
ROI
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