16619 S Denver S Avenue, Gardena, California 90248, Gardena, 90248 - bed, bath
ACTIVE$1,199,000
16619 S Denver S Avenue, Gardena, California 90248
0Bed
0Bath
3,048Sqft
5,046Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Quadruplex: The property is a quadruplex, offering multiple rental income streams which is highly attractive for investors seeking cash flow.
Top Cons:
Property Age: Built in 1965, the property is nearly 60 years old, which may imply potential for deferred maintenance, aging systems, and the need for future capital expenditures.
Compared to the nearby listings
Price:$1.20M vs avg $999.0K (+$200,000)50%
Size:3,048 sqft vs avg 3,048 sqft50%
Price/sqft:$393 vs avg $32850%
More Insights
Built in 1965 (60 years old).
Condition: Built in 1965, the property's exterior and visible elements (like the window AC unit and unkempt backyard) suggest it is aged but maintained. While the listing mentions 'NEW INCREASED RENTS,' there are no details or images of recent renovations, particularly for the kitchen and bathrooms. The property likely requires minor updates to modernize its interior and systems, aligning with a 'Fair' condition where major components are functional but show signs of being outdated.
Year Built
1965
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$393
HOA
-
Days on market
-
Sold On
-
MLS number
PV21265949
Home ConditionFair
Features
View-
About this home
NEW INCREASED RENTS ...4 Units (1) Townhouse Style Unit with 2 bedrooms, 1 1/2 Baths and Private Back Yard! Perfect for Owner Occupied. (3) 1 bedroom 1 Bath Units... 4 Enclosed Attached Garages With additional off street parking.
Price History
Date
Event
Price
12/19/00
Sold
$69,000
07/21/94
Sold
$21,100
03/02/20
Sold
$899,000
05/27/04
Sold
$485,000
07/02/02
Sold
$269,000
Condition Rating
Fair
Built in 1965, the property's exterior and visible elements (like the window AC unit and unkempt backyard) suggest it is aged but maintained. While the listing mentions 'NEW INCREASED RENTS,' there are no details or images of recent renovations, particularly for the kitchen and bathrooms. The property likely requires minor updates to modernize its interior and systems, aligning with a 'Fair' condition where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Income-Generating Quadruplex: The property is a quadruplex, offering multiple rental income streams which is highly attractive for investors seeking cash flow.
Owner-Occupant Potential: One unit is a townhouse style with 2 bedrooms, 1.5 baths, and a private backyard, making it ideal for an owner-occupant to live on-site and manage the property.
Recent Rent Increases: The description explicitly states 'NEW INCREASED RENTS,' indicating improved cash flow and a proactive approach to maximizing rental income.
Ample Parking: The property includes four enclosed attached garages plus additional off-street parking, a significant amenity for tenants in an urban area like Gardena.
Diverse Unit Mix: The mix of one 2-bedroom unit and three 1-bedroom units caters to a broader tenant base, enhancing occupancy potential.
Cons
Property Age: Built in 1965, the property is nearly 60 years old, which may imply potential for deferred maintenance, aging systems, and the need for future capital expenditures.
Extended Market Duration: The property has been on the market since December 2021, suggesting a prolonged listing period which could indicate pricing challenges or other factors affecting buyer interest.
Unspecified Renovations: While rents have increased, the description does not detail any recent capital improvements or modernizations to the units, which might be expected for a property of this age and price point.