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$ 1,140,000
Est. payment /mo
Price Dropped by $60K
12218 224th Hawaiian Gardens, CA 90716
8 Beds
4 Baths
5,095 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26075827
Bedrooms 8
Lot Size 5,095 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
The SELLER says sell it! Price reduced by $60,000. in the beautiful city of Hawaiian Gardens. Each unit has 2 bedroom 1bath each. A steady income asset in a market that continues to gain momentum. This 4-unit multifamily property offers a clean, highly functional unit mix, strong in-place income, and a location that continues to attract both renters and long-term investors. The asset consists of four (4) two-bedroom / one-bathroom units within an approximately 3,000 square foot, two-story building situated on a 5,227 square foot lot. The property is currently generating $70,200 in annual gross income, supported by a stable tenant base and a layout that consistently performs well within the local rental market. With eight (8) total parking spaces, the asset provides a practical amenity set that aligns with tenant expectations and supports long-term occupancy. Positioned with immediate access to the Interstate 605, the property benefits from strong regional connectivity to both Los Angeles and Orange County employment centers. Additionally, its proximity to major retail and lifestyle amenities, including the Long Beach Towne Center and El Dorado Regional Park enhances its appeal to a broad tenant base. Bordering high-income and highly desirable communities such as Los Alamitos, Cypress, Cerritos, Lakewood, and the eastern portion of Long Beach, Hawaiian Gardens benefits from its proximity to stronger surrounding markets while offering a more accessible entry point for investors. The area continues to show clear signs of growth and increasing demand. Recent developments, inclu
Location
State CA
County Los Angeles
Zoning Assessor
Direction Norwalk Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7076034004
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Victor Ambriz Jr, DRE#00952349 Keller Williams SELA