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$1,200,000   Price Analysis
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1219 W 144th St
Gardena, CA 90247
6 bed 4 bath 3,290 SqFt ($364/SqFt)
5,877SqFt lot. Built 1957
Listed 2024-07-05, Taxes $7,586		Ⓧ USDA Ineligible
due to price & location
near Gardena

I ncredible investment opportunity to own a fourplex with significant upside in Gardena!

This vast fourplex boasts a unit mix of two (2) 2 beds/1 bath units and two (2) 1 bed / 1 bath units. All 4 units have the convenience of their own garage parking and outdoor spaces (bottom units with private yards and upstair units with private balconies). Some units have newer flooring and paint and each unit are individually metered for gas and electricity and also has an individual water heater.

Total current rents are approx. 40% below market with potential to increase rents to bring cap rate over 7.3%. There is also the potential to convert the spacious 4 cr garage to an ADU (buyer to verify). Located in a fantastic rental location and with strong rental income potential, this property makes an excellent investment to add to your portfolio!


Presented by Bria Yik at
Real Estates Unlimited.
Listing Agent Photo

Property MLS #AR24134027 from CRMLS

Bedrooms: 6

Balcony
Flooring: Carpet, Laminate, Wood

Appliances: Gas Range, Range Hood
Appliances YN: Yes

Kitchen, Living Room

Full Bathrooms: 4

Heating Features: Wall Furnace
Heating: Yes

Lot Description: Back Yard, Garden, Level, Paved, Yard
Lot Size Acres: 0.1349174
Lot Size Source: Assessor
Lot Size Square Feet: 5877

Garage Spaces: 4
Parking Features: Parking YN: Yes, Parking Features: Garage, On Site
Parking Total: 4

Number of Units: 4
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1

Number of Units Leased: 4

Community Features: Curbs, Sidewalks, Street Lights

Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.55
Source Property Type: Residential Income
Insurance Expense: 1778.00
Area: 118 - Pacific Square
Source Neighborhood: 118 - Pacific Square
New Taxes Expense: 14400.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 6114034005
Postal Code Plus 4: 2543
Zoning: GAR3
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$174,055 + $406,136
$580,191		$7,586
2021$170,643 + $398,173
$568,816		$7,504
2020$168,894 + $394,091
$562,985		$7,559
2019$165,583 + $386,364
$551,947		$7,267
2018$162,337 + $378,789
$541,126		$7,123
2017$159,154 + $371,362
$530,516		$6,977
2016$156,034 + $364,081
$520,115		$6,789
2015$153,691 + $358,613
$512,304		$6,677
2014$150,681 + $351,589
$502,270		$6,686
2013$216,627 + $246,509
$463,136		$6,226
2012$212,380 + $241,676
$454,056		$6,263
2010$208,216 + $236,938
$445,154		$6,107
2009$207,151 + $235,727
$442,878		$5,852
2009$206,660 + $235,168
$441,828		$5,852
2008$203,090 + $231,105
$434,195		$5,595
2007$199,108 + $226,574
$425,682		$5,390

Listed 2024-07-05
$1,200,000
CRMLS
Sold 2013-05-10
$500,000
ITECH
Listing removed 2013-02-04
$545,000
CRMLS
Listed 2013-01-23
$545,000
CRMLS
Listed 2013-01-23
$545,000
ITECH
Listing removed 2013-01-08
$545,000
CRMLS
Listing removed 2013-01-07
$545,000
ITECH
Listed 2012-06-07
$545,000
CRMLS
Listed 2012-06-07
$545,000
ITECH
Listing removed 2012-05-09
$545,000
CRMLS
Listing removed 2012-05-07
$545,000
ITECH
Listed 2011-10-06
$545,000
CRMLS
Listed 2011-10-06
$545,000
ITECH
Listing removed 2011-09-20
$575,000
CRMLS
Listing removed 2011-09-19
$575,000
ITECH
Listed 2011-03-19
$575,000
CRMLS
Listed 2011-03-19
$575,000
ITECH
Listing removed 2011-01-01
$560,000
CRMLS
Listing removed 2010-12-31
$560,000
ITECH
Listed 2010-08-29
$560,000
CRMLS
Listed 2010-08-29
$560,000
ITECH
Sold 1989-11-01
$77,500
Public Record

Net Operating Income: 54583.00

Total Square Feet Living: 3290
Year Built: 1957
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: front
Property Age: 67
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 3873.00
Electricity Available
Sewer Connected
Water Connected
Water Source: Public

Amestoy Elementary School is a public elementary school located approximately 0.4 miles away.
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Robert E. Peary Middle School is a public middle school located approximately 1.3 miles away.
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Gardena Senior High School is a public high school located approximately 2.4 miles away.
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Harbor Gateway Prep Academy is a private high school located approximately 1.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.