1034 Magnolia Avenue, Gardena, CA 90247 (MLS # PW23096325)

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PRICE $4,300,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 13,156 sqft
LOT SIZE 17,337 sqft

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.

DAYS ON MARKET 77 LAST UPDATED 8/19/2023
YEAR BUILT 1961 COMMUNITY Central Gardena
GARAGE SPACES 14.0 COUNTY Los Angeles
STATUS Sold PROPERTY TYPE(S) Residential Income

PRICE HISTORY
Prior to Jul 6, '23 $4,450,000
Jul 6, '23 - Today $4,300,000


ADDITIONAL DETAILS
AREA Central Gardena
GARAGE Yes
LOT 0.4 acre(s)
LOT DESCRIPTION Front Yard, Garden, Lawn
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 1034 MAGNOLIA AVENUE
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Listed with Younglewin Advisors, Inc.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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