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Multifamily

21929 Verne Ave

21929 Verne Ave, Hawaiian Gardens, CA 90716

Listing Price: $1,635,000

Cap Rate
4.52%
Number of Units
6
GRM
13.75
Price/Unit
$272,500
Price/Gross SF
$396.17
Gross SF
4,127

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 21929 Verne Avenue, a 6-unit multifamily investment property located in Hawaiian Gardens, CA.

Built in 1974, 21929 Verne Avenue features a strong mix of one and two-bedroom units and amenities including ample surface and garage parking, security doors, and on-site laundry. The property represents a unique opportunity to acquire a property in Hawaiian Gardens, a city which historically has a very low transaction velocity, including no sales of 5 or more units since August of 2021. Additionally, as of October 31st, 2023, 21929 Verne Avenue is the only listing of 5 or more units in Hawaiian Gardens.

21929 Verne Avenue is within a 1-mile radius of a plethora of local, neighborhood, and regional retail centers including Hawaiian Gardens Towne Center, The Gardens, and Long Beach Towne Center. The property is situated in close proximity to The Gardens Casino, the top employer and a major economic driver for the city of Hawaiian Gardens. Additionally, the property is just under 1 mile from Interstate 605, providing residents with convenient access to employment hubs throughout Los Angeles and Orange Counties.

As the only multifamily listing in the city of Hawaiian Gardens, 21929 Verne Avenue represents a unique opportunity for an investor to acquire an asset with substantial upside in a market with little to no transaction volume.

Investment Highlights

  • 83 Percent Two-Bedroom Floor Plans
  • Rare Hawaiian Gardens Multifamily Investment Opportunity
  • Ample Garage & Surface Parking
  • Security Doors | On-Site Laundry
  • Within Walking Distance of Retail Centers Along Carson Street
  • Less Than One Mile from The Gardens Casino, the City's Top Employer

Exclusively Listed By

Financing By

Multifamily

21929 Verne Ave

Listing Price: $1,635,000

Cap Rate
4.52%
Number of Units
6
GRM
13.75
Price/Unit
$272,500
Price/Gross SF
$396.17
Gross SF
4,127

Investment Highlights

  • 83 Percent Two-Bedroom Floor Plans
  • Rare Hawaiian Gardens Multifamily Investment Opportunity
  • Ample Garage & Surface Parking
  • Security Doors | On-Site Laundry
  • Within Walking Distance of Retail Centers Along Carson Street
  • Less Than One Mile from The Gardens Casino, the City's Top Employer

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 21929 Verne Avenue, a 6-unit multifamily investment property located in Hawaiian Gardens, CA. Built in 1974, 21929 Verne Avenue features a strong mix of one and two-bedroom units and amenities including ample surface and garage parking, security doors, and on-site laundry. The property represents a unique opportunity to acquire a property in Hawaiian Gardens, a city which historically has a very low transaction velocity, including no sales of 5 or more units since August of 2021. Additionally, as of October 31st, 2023, 21929 Verne Avenue is the only listing of 5 or more units in Hawaiian Gardens. 21929 Verne Avenue is within a 1-mile radius of a plethora of local, neighborhood, and regional retail centers including Hawaiian Gardens Towne Center, The Gardens, and Long Beach Towne Center. The property is situated in close proximity to The Gardens Casino, the top employer and a major economic driver for the city of Hawaiian Gardens. Additionally, the property is just under 1 mile from Interstate 605, providing residents with convenient access to employment hubs throughout Los Angeles and Orange Counties. As the only multifamily listing in the city of Hawaiian Gardens, 21929 Verne Avenue represents a unique opportunity for an investor to acquire an asset with substantial upside in a market with little to no transaction volume.

Exclusively Listed By

Financing By

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