16928 S Berendo Avenue, Gardena, CA 90247
List Price: $1.15M
Listing Status: Pending
0Days on Market: 42
8 Bedrooms · 4 Bathrooms · 3,143 sq ft
Property Type: ResidentialIncome
Year Built: 1949
Lot Size: 6,754 sq ft
MLS Number: 26832381
About This Property
We 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.
Listing provided by: DRE #02038545 424-405-3900 jweir@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26832381
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.