1300 134Th StGardena, CA 90247

Property Details for 1300 134Th St

Year built

1951

Construction

WOOD

Lot size

0.78 AC

Property size (Sq ft)

11,708 SF

Zone code

GAM1

Property type

Apartment buildings

APN

6115-004-006

APU

6115004006

Description

This exceptional Class A, 23-unit apartment building in Gardena, California presents a compelling investment opportunity. Boasting a substantial 13,760 square feet of net rentable space on a large 34,122 square foot lot, this fully stabilized asset offers a current cap rate of 6.16% and a pro-forma cap rate of 6.31%. The property, built in 1951 and featuring two stories, generates a current NOI of $366,362 and a pro-forma NOI of $375,300. The asking price is $5,950,000, translating to $258,695.65 per unit and $432.41 per square foot. The building comprises a desirable unit mix: one 3-bedroom/1-bathroom, three 2-bedroom/1-bathroom, eighteen 1-bedroom/1-bathroom, and one studio/1-bathroom unit. Each unit is equipped with modern amenities including new floors, cabinets, bathrooms, and in-unit washer/dryer hookups. The property includes 21 on-site parking spaces. Significant recent improvements include new windows, roof, and plumbing, resulting in an extremely low-maintenance, high-cash-flow asset. Its prime location offers convenient access to major employers and new developments, including SpaceX, Amazon Ring, Boeing, Hollywood Park, and SoFi Stadium. This turnkey investment is ideal for discerning buyers seeking strong returns in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,206,420

  6.5%

  $3,882,849

  7%

  $3,605,503

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,450,910

  Geo Method

  $3,450,910

• Alternative Use

  Use

  Valuation

  Residential

  $3,882,849

  Hospitality

  $3,556,669

  Educational

  $2,959,107

  Medical

  $3,060,875

  Retail

  $4,603,055

Location Insight

City

Gardena

County

Los Angeles

State

California

Latitude

33.9104

Longitude

-118.299

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].