SOLD
$4,300,000
Date 08/18/2023

1034 Magnolia Avenue
Gardena, CA 90247

Mixed Use
Residence
13,156
Sqft
0.398
Lot Size
Listing Agent: Shane Young CalDRE: 01963090 - Younglewin Advisors, Inc.

Description for 1034 Magnolia Avenue Gardena, CA 90247

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, newer roof, 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 5.32% and 12.11 GRM, with significant upside in rents to a 7.45% cap rate, and 9.42 GRM.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.

Property Details

PW23096325
Mixed Use, 2 Story
Los Angeles
1961
0.398 Acres
Public
2
Public Sewer
View More   View Less  

Nearby Schools

Loading...
Data Provided by Onboard

Walk Score

Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

Transit Score

View More   View Less  

Market Trends

Mortgage Calculator

Schools & Neighborhood

Listing Agent: Shane Young CalDRE: 01963090 - Younglewin Advisors, Inc.
crmls logo
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/6/2024 6:53 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

© 2019 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway Home Services and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®

Equal Housing Opportunity.

BHH Affiliates, LLC is a Delaware limited liability company. Its principal office is located at 18500 Von Karman, Suite 400, Irvine, California 92612 USA

Our website uses cookies, including third parties’ profiling cookies, to improve your user experience. You can learn more about how we use cookies and how to change your cookies settings in our Privacy Policy. By closing this message, clicking above or continuing to use this site, you consent to our use of cookies.