$ 2,150,000
-
$2,150,000
Price -
12
Bed -
7
Bath -
6,871
SqFt
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About the Listing S1078 - SMULKWIL
Price Reduction! Rare opportunity to acquire a well-maintained and professionally operated 1984-built multifamily asset offering strong, stable cash flow from day one. The property has been extensively improved, featuring fully remodeled interiors across all units within the past 2–3 years, along with brand new exterior paint and decking, creating a turnkey investment with minimal deferred maintenance. Spanning approximately 6,871 square feet, the asset offers an excellent unit mix of two 3-bedroom/2-bath units and three 2-bedroom/1-bath units. Units are exceptionally large, (1505, 2101, 1093, 968, and 1196 square feet according to most recent appraisal). These spacious floor plans cater to family-oriented tenants and contribute to long-term occupancy and stable tenancy. The property is well parked and efficiently designed, with a total of 11 on-site parking spaces, including five single-car garages in the front and six gated tuck-under spaces accessed from the rear alley. This ample parking configuration enhances tenant satisfaction and supports strong retention. Operationally, the asset is highly efficient with separately metered gas and electricity, individual water heaters for each unit, and a history of well-vetted residents. The combination of strong in-place income, quality tenancy, and recent capital improvements positions this property as a low-maintenance, stabilized investment. In addition to its current performance, the property offers clear upside potential through continued organic rent growth, operational efficiencies, and possible ADU development utilizing existing garage space (buyer to verify). Also, a few garages could be rented out and laundry might be installed inside units or outside if allowed by city for more income. Ideal for investors seeking a well-located, income-producing asset with large unit sizes, solid fundamentals, and long-term growth potential.
Listing Highlights
Status
Active
Days on Site
40
Property Type
Multi-Family
MLS ®
SB26074589
Year Built
1980
Total Square Footage
6,871
Lot/Acreage
0.12
County
Los Angeles
Interior Details
- Bedrooms: 12
- Bathrooms: 7 Full
- Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Vented Exhaust Fan, Water Heater
- Air Cond: Central Air
- Heating: Central,Forced Air,Natural Gas
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Open Floorplan,Quartz Counters,Recessed Lighting
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 5 car
- Parking Spaces: 11
- Roof:
- Others: Turnkey,Stucco,Copper Plumbing,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Covered,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7065017027
- Tax Year: N/A
Payment Calculator
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Questions About..
12120 215th St Hawaiian Gardens, CA 90716
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