16701 S Denver AVE new Save Request In-Person Tour Request Virtual Tour
Gardena,CA 90248
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
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
Lot Size 5,066 Sqft
Property Sub-Type Quadruplex
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
Area 116 - North Gateway
Zoning LAR3
Interior
Cooling None
Fireplaces Type None
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Dwelling Type Quadruplex
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard