
Gardena, California 90247
This Income-Producing Quadruplex represents a Strong Value Opportunity, listed at $1,450,000—positioned well below the $1,470,842 Fair Market Value by 1%. This asset offers $20,842 in Instant Equity. Featuring a 3-bedroom owner's unit, renovated kitchens, and dedicated parking, the property maintains a Condition Rating of 3. With a new roof and dual-pane windows, it provides a stable, low-maintenance profile. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange buyers seeking immediate cash flow in the South Bay.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16421 S Manhattan Place Subject | $1,450,000* List Price | 0 | 0 | 4,130 | $356 | - |
A 16022 S Dalton Ave Pending | $1,200,000 List Price | 6 | 5 | 4,078 | $294 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1973 but shows strong pride of ownership with significant capital improvements including a new roof, dual-pane windows, and fresh exterior paint. While some interior elements like popcorn ceilings and certain bathroom fixtures are dated, the units feature updated laminate flooring and renovated kitchens in select units, making the property functional and move-in ready for tenants.
The property showcases exceptional pride of ownership with significant capital improvements, including a new roof, dual-pane windows, and fresh exterior paint, ensuring a low-maintenance transition for the next owner.
Featuring a rare 3-bedroom owner's unit and three 2-bedroom units, the property provides versatile rental options, all complemented by dedicated garages or carports for every tenant.
Centrally located in Gardena with immediate access to the 110, 405, and 91 freeways, the property offers an ideal commute to Los Angeles and the beach cities, maintaining high tenant demand.
While providing immediate cash flow, the fully occupied nature of the building may limit an investor's ability to immediately reset rents to market rates or for an owner-user to take possession.
The property is served by a mix of school ratings, including a high school with a lower performance score, which may be a consideration for families prioritizing specific educational districts.
A rare opportunity to acquire a fully occupied, income-producing quadruplex in the heart of the South Bay. 16421 S. Manhattan Place offers 4 well-maintained units with a compelling mix of floor plans, dedicated parking for each tenant, and meaningful capital improvements already in place, the kind of asset that performs from day one without demanding attention from its owner. What sets this property apart is the care with which it has been maintained. The current owner has treated this investment with a level of attention rarely seen, proactively addressing repairs, preserving the condition of each unit, and completing upgrades on a timeline that reflects genuine pride of ownership. The result is a property that looks, feels, and functions the way a well-run building should. The front owner's unit anchors the property with a spacious 3-bedroom, 2-bath layout and the convenience of a private 2-car garage. The back unit spans two levels with 2 bedrooms and 1.5 baths, featuring a renovated kitchen and updated upstairs bathroom, plus a private 1-car garage and an additional parking space. The two remaining units are each 2 bed/1 bath: each with their own garage or dedicated carport. Recent improvements, including a new roof, dual-pane windows, and fresh exterior paint, further reflect the meticulous stewardship that has defined this ownership. The location adds another layer of appeal. Tenants enjoy easy access to a variety of local restaurants and neighborhood markets, with the everyday conveniences of the South Bay just minutes away. Commuters benefit from quick access to the 110, 405, and 91 freeways, connecting residents to downtown Los Angeles, the beach cities, and beyond with ease. For the investor seeking a low-maintenance, income-ready asset with solid bones, a meticulously maintained property, and a location that tenants genuinely value, this Gardena quadruplex delivers on every front.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.4 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 | 4,130 | 4,231 | 50% |
| Lot Size | 7,977 | 7,306 | 92% |
| Price | $1.45M | $1.28M | 75% |
| Price per sq ft | $351 | $337 | 50% |
| Built year | 1973 | 1967 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 143 | 8% |
May 28, 2026
$1,450,000
Initial Listing
Jan 31, 2002
$470,000
Public Record