Multifamily
16928 Berendo Ave
16928 Berendo Ave, Gardena, CA 90247
Listing Price: $1,150,000
Investment Overview
Marcus & Millichap, as the exclusive advisors, are pleased to present 16928 Berendo Ave, a well-positioned 4-unit investment opportunity consisting of 3 legal units and 1 non-conforming unit. The property features a large standalone 3-bedroom, 1-bathroom front house, providing a highly desirable layout for an owner-user or the ability to achieve premium rental income. The remaining units are located in the rear, allowing for a functional separation between living and income-producing components. The property offers strong owner-user appeal, with the ability to live in the front house while collecting income from the rear units to offset the mortgage. Additionally, property is well parked with a total of 5 parking spots. Priced to sell at a 12.13 GRM and 5.05% cap rate, the property is positioned competitively relative to current on-market comparables, offering investors attractive in-place returns with the potential for future growth. For more information, please reach out.
16928 Berendo Ave
Investment Highlights
- 4 Total Units (3 Legal + 1 Non-Conforming) – Well-positioned income property with additional unit providing upside (buyer to verify)
- Large Front House – 3 Bed/1 Bath – Oversized standalone home ideal for owner-user or premium rental income, a major differentiator vs typical 4-unit product
- Strong Owner-User Appeal – Live in the front house while collecting income from the rear units to offset mortgage
- Attractive Pricing – 12.13 GRM | 5.05% Cap Rate – Priced competitively relative to current on-market comps, offering investors strong in-place returns
Exclusively Listed By
Listing Price: $1,150,000
Investment Highlights
- 4 Total Units (3 Legal + 1 Non-Conforming) – Well-positioned income property with additional unit providing upside (buyer to verify)
- Large Front House – 3 Bed/1 Bath – Oversized standalone home ideal for owner-user or premium rental income, a major differentiator vs typical 4-unit product
- Strong Owner-User Appeal – Live in the front house while collecting income from the rear units to offset mortgage
- Attractive Pricing – 12.13 GRM | 5.05% Cap Rate – Priced competitively relative to current on-market comps, offering investors strong in-place returns
Investment Overview
Marcus & Millichap, as the exclusive advisors, are pleased to present 16928 Berendo Ave, a well-positioned 4-unit investment opportunity consisting of 3 legal units and 1 non-conforming unit. The property features a large standalone 3-bedroom, 1-bathroom front house, providing a highly desirable layout for an owner-user or the ability to achieve premium rental income. The remaining units are located in the rear, allowing for a functional separation between living and income-producing components. The property offers strong owner-user appeal, with the ability to live in the front house while collecting income from the rear units to offset the mortgage. Additionally, property is well parked with a total of 5 parking spots. Priced to sell at a 12.13 GRM and 5.05% cap rate, the property is positioned competitively relative to current on-market comparables, offering investors attractive in-place returns with the potential for future growth. For more information, please reach out.
Exclusively Listed By
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