Investment Overview

The subject property is a well maintained apartment complex located at 14620 Berendo Avenue mid way between Redondo Beach Boulevard and Rosecrans Avenue in the City of Gardena. Built in 1990, the complex boasts an excellent unit mix of large 3 bedroom 2 bath & 2 bedroom 2 bath units averaging over 1,450 square feet. All the units have sperate utility meters and washer/dryer hookups. The property has five 2 car garages with security access for the driveway and pedestrians. The current rents are below market and have not been increased in over twelve months allowing a new owner to immediately raise them. The City of Gardena is centrally located in the South Bay region of Los Angeles and is approximately 15 miles south of downtown. The subject property is located approximately 1/4 mile north of the Hustler Casino which is one of the cities largest employers. Gardena enjoys easy access to the 405, 91 & 110 freeways.