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16701 Berendo Ave, Gardena
Located in the heart of Central Gardena’s strong and in-demand rental submarket, 16701 S. Berendo Avenue presents a rare opportunity for owner-occupants and investors alike. The property has been well maintained, with recent Cap Ex including a brand new roof, a freshly sealed upper deck and all units partially remodeled with new flooring. A buyer looking to house-hack can occupy one unit with three additional units able to generate strong rental income to offset the mortgage payment. Add further upside with three garages offering strong potential for ADU conversion, subject to city permitting and approval.
Property Details
- Units: 4
- Gross Rent Multiplier: 13.53
- Cap Rate: 5.00
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$1,249,000
Annual Income
$96,000
Annual NOI
$65,267
Annual Expense
$27,854
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 2 | 1 | $2,100 | $2,100 | $2,350 | $2,350 |
| 1 | 2 | 1 | $2,200 | $2,200 | $2,350 | $2,350 |
| 1 | 1 | 1 | $1,900 | $1,900 | $1,950 | $1,950 |
| 1 | 1 | 1 | $1,800 | $1,800 | $1,950 | $1,950 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 4 | 6 | 4 | $8,000 | $8,600 |
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