14413 S Berendo Avenue
Property Overview
The Marquee Apartments, located at 14413 S. Berendo Ave. in Gardena,California, offers a prime investment opportunity within the competitiveSouth Bay submarket of Los Angeles County. This 19-unit multi-family asset, constructed in 1965, occupies a 0.54-acre site and encompasses14,415 square feet of rentable area. The property features a stabilized unit mix of one studio, nine one-bedrooms, six 2-bed/1-bath units, two2-bed/1.5-bath units, and one 3-bed/1.5 unit. ~30% Rental Upside Potential The property also has gated 24 parking spaces, and on-site laundry facilities, all set within a maintained residential environment.Operational performance is underpinned by significant recent capital improvements aimed at reducing deferred maintenance and longterm operating expenses. Upgrades include a new roof, new water heater, and the installation of a sewer line liner. Mechanical and infrastructure systems have been modernized via a 40-foot main water pipe replacement, 110 feet of new insulated exterior copper piping, and electrical upgrades in 18 of the 19 units. Exterior site maintenance is also addressed through new rain gutters and fencing on the south side.
Home Details
- Property type
- Residential Income
- Year built
- 1965
- Living area
- 14,415 sq ft
- Lot size
- 23,379 sq ft
- Parking
- 24 spaces
- Days on market
- 24
- MLS status
- Active
- Zoning
- GAR3
Features & Amenities
Parking
- Detached Carport
- One Space
Location & Neighborhood
Frequently Asked Questions About 14413 S Berendo Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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