14526 S Normandie Avenue, Gardena, California 90247, Gardena, 90247 - bed, bath
ACTIVE$1,200,000$4,756/sqft
14526 S Normandie Avenue, Gardena, California 90247
0Bed
0Bath
4,756Sqft
6,223Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: This fourplex is explicitly presented as an 'excellent investment opportunity' and ideal for a 1031 exchange or portfolio expansion, catering directly to investor needs.
Top Cons:
Advanced Age of Property: Built in 1904, the property is over a century old, suggesting potential for outdated infrastructure (plumbing, electrical, roofing) and significant deferred maintenance or renovation costs to modernize and maximize rental income.
Compared to the nearby listings
Price:$1.20M vs avg $1.39M ($-185,000)29%
Size:4,756 sqft vs avg 3,653 sqft71%
Price/sqft:$252 vs avg $33114%
More Insights
Built in 1904 (122 years old).
Condition: The property, built in 1904, exhibits significant age and deferred maintenance throughout. The kitchens feature very old, basic cabinets (some painted, some original brown), worn laminate/linoleum flooring, and outdated appliances. Bathrooms are similarly dated with old vanities, basic fixtures, and worn flooring. The exterior shows peeling paint and general wear. Overall, the property requires substantial repairs and rehabilitation to modernize the units and realize its full rental potential, aligning with a 'poor' condition score.
Year Built
1904
Close
-
List price
$1.2M
Original List price
$12K
Price/Sqft
$252
HOA
-
Days on market
-
Sold On
-
MLS number
MB24239244
Home ConditionPoor
Features
View-
About this home
This fourplex offers an excellent investment opportunity with 4,756 sq. ft. of living space situated on a 6,223 sq. ft. lot. Each unit features 2 bedrooms and 1 bathroom, providing comfortable living spaces. With significant potential for rent increases, this property is ideal for those looking to perform a 1031 exchange or expand their investment portfolio. Located in the highly desirable City of Gardena, CA, the property is conveniently situated near major landmarks and attractions, including; El Camino College, South Bay Galleria, Hustler Casino, and LAX. Easy access to major freeways, including the 405 and 110, ensuring convenient commuting and connectivity to Los Angeles and beyond. This property combines location, upside potential, and versatility, making it a standout choice for investors seeking long-term growth and value.
E
Edwin Blanco
Listing Agent
Nearby schools
4/10
Amestoy Elementary School
Public,•K-5•0.4mi
5/10
One Hundred Fifty-Third Street School
Public,•K-5•0.5mi
4/10
Robert E. Peary Middle School
Public,•6-8•1.2mi
3/10
Gardena Senior High School
Public,•9-12•2.3mi
Condition Rating
Poor
The property, built in 1904, exhibits significant age and deferred maintenance throughout. The kitchens feature very old, basic cabinets (some painted, some original brown), worn laminate/linoleum flooring, and outdated appliances. Bathrooms are similarly dated with old vanities, basic fixtures, and worn flooring. The exterior shows peeling paint and general wear. Overall, the property requires substantial repairs and rehabilitation to modernize the units and realize its full rental potential, aligning with a 'poor' condition score.
Pros & Cons
Pros
Strong Investment Opportunity: This fourplex is explicitly presented as an 'excellent investment opportunity' and ideal for a 1031 exchange or portfolio expansion, catering directly to investor needs.
Significant Rent Upside Potential: The property offers 'significant potential for rent increases,' indicating room for improved cash flow and return on investment through strategic management or renovations.
Desirable Location & Connectivity: Situated in the 'highly desirable City of Gardena, CA,' with 'easy access to major freeways (405 and 110)' and proximity to key landmarks like El Camino College, South Bay Galleria, and LAX, enhancing tenant demand and property value.
Multi-Unit Income Property: As a fourplex, it provides multiple income streams, diversifying risk and offering greater stability compared to single-family rentals.
Functional Unit Configuration: Each unit features 2 bedrooms and 1 bathroom, a practical and commonly sought-after layout for rental units, appealing to a broad tenant base.
Cons
Advanced Age of Property: Built in 1904, the property is over a century old, suggesting potential for outdated infrastructure (plumbing, electrical, roofing) and significant deferred maintenance or renovation costs to modernize and maximize rental income.
Unspecified Current Condition: While highlighting rent potential, the description lacks details on the current condition of the units or any recent upgrades, implying that substantial capital expenditure may be required to achieve the mentioned rent increases.
Limited Bathroom Count: Each 2-bedroom unit having only 1 bathroom might be a minor drawback for some prospective tenants or families, potentially limiting top-tier rental income or marketability in a competitive rental market.