1300 134th St Gardena, CA 90247-1957

This exceptional Class A, 23-unit apartment building in Gardena, California presents a compelling investment opportunity. Boasting a substantial 13,760 square feet of net rentable space on a large 34,122 square foot lot, this fully stabilized asset offers a current cap rate of 6.16% and a pro-forma cap rate of 6.31%. The property, built in 1951 and featuring two stories, generates a current NOI of $366,362 and a pro-forma NOI of $375,300. The asking price is $5,950,000, translating to $258,695.65 per unit and $432.41 per square foot. The building comprises a desirable unit mix: one 3-bedroom/1-bathroom, three 2-bedroom/1-bathroom, eighteen 1-bedroom/1-bathroom, and one studio/1-bathroom unit. Each unit is equipped with modern amenities including new floors, cabinets, bathrooms, and in-unit washer/dryer hookups. The property includes 21 on-site parking spaces. Significant recent improvements include new windows, roof, and plumbing, resulting in an extremely low-maintenance, high-cash-flow asset. Its prime location offers convenient access to major employers and new developments, including SpaceX, Amazon Ring, Boeing, Hollywood Park, and SoFi Stadium. This turnkey investment is ideal for discerning buyers seeking strong returns in a thriving market.