12218 224th, Hawaiian Gardens, California 90716, Hawaiian Gardens, 90716 - 0 bed, 0 bath
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Hawaiian Gardens, California 90716
This Multi-Family Income Asset is a Strong Value Opportunity listed at $1,250,000—positioned below the $1,275,500 Fair Market Value by 1%. This valuation gap offers $25,500 in Instant Equity for a property generating $70,200 in annual gross income. While the building carries a Condition Rating of 4 with aging infrastructure, it features a rare 2:1 parking ratio and proximity to the 9/10 rated Newcomb Academy and Artesia High School. Located in a strengthening submarket, this stable quadruplex is an ideal acquisition for Buy-and-Hold Investors or Value-Add Strategists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12218 224th Subject | $1,250,000* List Price | 0 | 0 | 3,000 | $425 | - |
A 22438 Claretta Active | $950,000 List Price | 0 | 0 | 1,900 | $500 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this quadruplex appears to be a well-maintained but aged asset. While exterior images show some updates like vinyl windows and a roof in functional condition, the property analysis explicitly notes 'aging infrastructure' as a weakness. The lack of interior photos typically suggests that kitchens and bathrooms are functional but likely feature outdated styles and older appliances consistent with a property of this era that has not undergone a recent comprehensive renovation.
Middle School: Newcomb Academy (9/10).
The property features a uniform mix of four 2-bedroom, 1-bathroom units, generating a stable annual gross income of $70,200 with consistent rental demand in a high-occupancy market.
With eight dedicated parking spaces for only four units, the property offers a rare 2:1 parking ratio, providing a significant competitive advantage for attracting and retaining long-term tenants.
Originally constructed in 1960, the building may require near-term capital expenditures for deferred maintenance or system upgrades to maintain its competitive standing and operational efficiency.
While bordering high-income areas, the property is located in Hawaiian Gardens, which typically commands lower rent premiums and may experience slower appreciation compared to its immediate neighbors like Cerritos or Los Alamitos.
A steady income asset in a market that continues to gain momentum. This 4-unit multifamily property offers a clean, highly functional unit mix, strong in-place income, and a location that continues to attract both renters and long-term investors. The asset consists of four (4) two-bedroom / one-bathroom units within an approximately 3,000 square foot, two-story building situated on a 5,227 square foot lot. The property is currently generating $70,200 in annual gross income, supported by a stable tenant base and a layout that consistently performs well within the local rental market. With eight (8) total parking spaces, the asset provides a practical amenity set that aligns with tenant expectations and supports long-term occupancy. Positioned with immediate access to the Interstate 605, the property benefits from strong regional connectivity to both Los Angeles and Orange County employment centers. Additionally, its proximity to major retail and lifestyle amenities, including the Long Beach Towne Center and El Dorado Regional Park enhances its appeal to a broad tenant base. Bordering high-income and highly desirable communities such as Los Alamitos, Cypress, Cerritos, Lakewood, and the eastern portion of Long Beach, Hawaiian Gardens benefits from its proximity to stronger surrounding markets while offering a more accessible entry point for investors. The area continues to show clear signs of growth and increasing demand. Recent developments, including the Holiday Inn Express & Suites Hawaiian Gardens, along with ongoing commercial improvements along the Carson Street corridor, signal growing investor confidence and long-term upside. From an investment standpoint, the offering presents a balanced profile, delivering stable cash flow today while maintaining the ability to capture future rental growth in a strengthening submarket
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.3 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,000 | 2,661 | 75% |
| Lot Size | 5,095 | 4,147.5 | 50% |
| Price | $1.25M | $1.25M | 50% |
| Price per sq ft | $417 | $472 | 25% |
| Built year | 1960 | 1994 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 167 | 25% |
Apr 8, 2026
$1,250,000
Initial Listing
May 15, 2015
$550,000
Public Record
Jan 30, 2007
$734,000
Public Record
Oct 11, 2006
$735,000
Public Record
Jun 6, 2000
$208,000
Public Record