Multifamily Investment Property in Gardena! | 2901 W Rosecrans Ave
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Multifamily Investment Property in Gardena! 2901 W Rosecrans Ave
5 Unit Apartment Building $1,939,208 CAD ($387,842 CAD/Unit) 4.98% Cap Rate Gardena, CA 90249
Investment Highlights
- Good unit mix: (1) 3-bedroom/2-bath & (4) 1-bedroom/1-bath
- Nice pocket of Gardena located near many of Gardena’s hidden gems
- Great Interest Only Assumable Financing
- Separately metered for gas and electricity | 5 tuck under parking spaces
Executive Summary
2901 W Rosecrans Ave is a prime investment opportunity in a rapidly gentrifying area of Gardena, located near significant developments along Crenshaw and Van Ness. The property is well-maintained, with solid in-place rents and the potential for approximately 15% rental growth. The property includes an owner-occupied 3-bedroom/2-bathroom unit, as well as four (4) 1-bedroom/1-bathroom units. A savvy investor could take advantage of an assumable loan of approximately $450K at a favorable 3.07% interest rate, offering the flexibility to increase rents while deferring future interest rate changes. Additionally, the property is separately metered for gas and electricity, making it easy to manage. Tenants benefit from convenient access to highways and Gardena’s local amenities.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,939,208 CAD | Apartment Style | Low Rise |
| Price Per Unit | $387,842 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.98% | Building Size | 4,133 SF |
| Gross Rent Multiplier | 12.41 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,939,208 CAD |
| Price Per Unit | $387,842 CAD |
| Sale Type | Investment |
| Cap Rate | 4.98% |
| Gross Rent Multiplier | 12.41 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,133 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $4,292 CAD | - |
| 1+1 | 4 | $2,311 CAD | - |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 4059-019-030 | Total Assessment | $1,723,740 CAD |
| Land Assessment | $861,870 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $861,870 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4059-019-030
Land Assessment
$861,870 CAD
Improvements Assessment
$861,870 CAD
Total Assessment
$1,723,740 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | GAR4 |
| GAR4 |
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Multifamily Investment Property in Gardena! | 2901 W Rosecrans Ave
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