16310 S Ainsworth Street Gardena, CA 90247
8,302 Sq. Ft. / 8,912 Sq. Ft., 0.205 acres lot size / Apartment
Status: Sold
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Welcome to the Joyce Apartments, a professionally managed 14-unit apartment complex located just north of Downtown Gardena. 16310 S Ainsworth St presents an excellent investment opportunity offering easy commute and convenient access to the 110 and 91 FWYs. This prime location is less than 10 miles from major hubs, including LAX, SpaceX, Tesla Design Studio, and the impressive SoFi Stadium. Constructed in 1958, the 8,302 SF building sits on an 8,911 SF lot with zoning designated as LARD1.5. The unit mix includes: (8) 2-bed/1-bath units, (2) 1-bed/1-bath units, and (4) 0-bed/1-bath units, offering a diverse range of living options along with 13 assigned parking spaces with convenient alley access. Additional amenities include on-site coin-operated laundry facilities, providing convenience for residents. The building is professionally managed, ensuring a well-maintained and efficiently run property, and boasts a fully occupied status with tenants' current on rents. Financials include a 5.18% cap rate, a 10.99 gross rent multiplier (GRM), and a compelling pro forma cap rate of 8.07% and pro forma GRM of 7.06. The property is located in Gardena PO and is subject to LA RSO regulations.
property details
Type
Apartment
Status
Closed
County
Los Angeles
Year Built
1958
Sq. Ft.
8,302
Lot Size
8,912 Sq. Ft., 0.2 acres
Listing Id
SB23218307
Courtesy Of
Roger Hart - Forecast Realty Inc. 310-350-1749
List Office Phone
+1 310 781 2000
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Lot/Land Description
Front Yard
Parking
Assigned
Stories
2
Utility & Building Info
Sewer
Public Sewer
Parcel Number
6120018038
Water Source
Public Water
Building Area Total
8,302 Sq. Ft.
Price Per Sq Ft
$241
Architectural Style
2 Story
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the above MLS system. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Drysdale Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Price History
| date | event | price | source |
|---|---|---|---|
|
03/06/2024
03/06/2024
|
Sold |
$2,155,000
|
CA Regional MLS (CRMLS) |
|
12/19/2023
12/19/2023
|
Pending |
$1,999,000
|
CA Regional MLS (CRMLS) |
|
11/29/2023
11/29/2023
|
Active |
$1,999,000
|
CA Regional MLS (CRMLS) |
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