Welcome to the Joyce Apartments, a professionally managed 14-unit apartment complex located just north of Downtown Gardena. 16310 S Ainsworth St presents an excellent investment opportunity offering easy commute and convenient access to the 110 and 91 FWYs. This prime location is less than 10 miles from major hubs, including LAX, SpaceX, Tesla Design Studio, and the impressive SoFi Stadium. Constructed in 1958, the 8,302 SF building sits on an 8,911 SF lot with zoning designated as LARD1.5. The unit mix includes: (8) 2-bed/1-bath units, (2) 1-bed/1-bath units, and (4) 0-bed/1-bath units, offering a diverse range of living options along with 13 assigned parking spaces with convenient alley access. Additional amenities include on-site coin-operated laundry facilities, providing convenience for residents. The building is professionally managed, ensuring a well-maintained and efficiently run property, and boasts a fully occupied status with tenants’ current on rents. Financials include a 5.18% cap rate, a 10.99 gross rent multiplier (GRM), and a compelling pro forma cap rate of 8.07% and pro forma GRM of 7.06. The property is located in Gardena PO and is subject to LA RSO regulations.
MLS #
CRSB23218307
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.50
Laundry
Community Facility
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
HOA Fee
$0
Listing Agent
Roger Hart
Forecast Realty Inc.
License #: 00625505
Phone: (310) 781-2000
Co-Listing Agent
Mary Browne
License #: 02006774
Phone: (310) 944-5418
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | – |
16310 S Ainsworth St is a Residential Income in Gardena, CA 90247. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1958.
This address can also be written as 16310 S Ainsworth St, Gardena, CA 90247.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of March 06, 2024. For the most current information, please contact Roger Hart, (310) 781-2000