14413 S Berendo Ave, Gardena, CA 90247
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14413 S Berendo Ave, Gardena, CA 90247
14413 S Berendo Ave, Gardena, CA 90247
14413 S Berendo Ave, Gardena, CA 90247
14413 S Berendo Ave, Gardena, CA 90247
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$ 4,400,000
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14413 S Berendo Ave Gardena, CA 90247

28 Beds

22 Baths

14,415 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,415 sqft

Price per Sqft $305

MLS Listing ID 26102535

Bedrooms 28

Year Built 1965

Lot Size 0.537 Acres

Acres 0.5367

Property Sub-Type Multi-Family

Property Description

The Marquee Apartments, located at 14413 S. Berendo Ave. in Gardena,California, offers a prime investment opportunity within the competitiveSouth Bay submarket of Los Angeles County. This 19-unit multi-family asset, constructed in 1965, occupies a 0.54-acre site and encompasses14,415 square feet of rentable area. The property features a stabilized unit mix of one studio, nine one-bedrooms, six 2-bed/1-bath units, two2-bed/1.5-bath units, and one 3-bed/1.5 unit. ~30% Rental Upside Potential The property also has gated 24 parking spaces, and on-site laundry facilities, all set within a maintained residential environment.Operational performance is underpinned by significant recent capital improvements aimed at reducing deferred maintenance and longterm operating expenses. Upgrades include a new roof, new water heater, and the installation of a sewer line liner. Mechanical and infrastructure systems have been modernized via a 40-foot main water pipe replacement, 110 feet of new insulated exterior copper piping, and electrical upgrades in 18 of the 19 units. Exterior site maintenance is also addressed through new rain gutters and fencing on the south side.

Location

State CA

County Los Angeles

Area Pacific Square

Zoning GAR3

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Laundry Community

Exterior

Parking Features Carport Detached, Parking Space

Garage Spaces 24.0

Building

Lot Description Automatic Gate

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by CB Richard Ellis, Inc.
Premier Agent Network

Premier Agent Network

Broker License ID: 01932176

+1(877) 663-9366

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14413 S Berendo Ave