1914 W El Segundo Boulevard, Gardena, CA 90249
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1914 W El Segundo Boulevard,Gardena, CA 90249
$4,100,000
- 18 Beds
- 20 Baths
- 12,012 sq. ft.
- Multi-family
- Active
Listed by: benjamin j. hsiang, alexander metaxas
Office: realty investment advisors, inc.
MLS#:26105119
Source:CRMLS
Price summary
- Price:$4,100,000
- Price per sq. ft.:$341.33
About this home
We are pleased to present 1914-1918 W. El Segundo Boulevard, an attractive 18-unit multifamily investment opportunity located directly across from Chester Washington Golf Course in Gardena, California. Offered at $4,100,000, the property features a strong 6.20% current cap rate and 10.37 GRM, providing investors with immediate cash flow and additional rental upside. Built in 1958, the property consists of two 9-unit buildings situated on separate APNs, totaling approximately 16,511 square feet of improvements on a combined 12,012-square-foot lot. The desirable unit mix consists of (2) spacious three-bedroom/two-bathroom units, (14) one-bedroom/one-bathroom units, and (2) studios. Each building features a three-bedroom owner's unit with a fireplace. The property has benefited from several significant capital improvements, including a newer roof (2024), copper repiping and drain line improvements (2019), and the relining of both main sewer lines (2025). Select units have been tastefully renovated with updated kitchens featuring quartz-style countertops, subway tile backsplashes, modern fixtures, new flooring, and remodeled bathrooms. Additional property amenities include 18 parking spaces, a dedicated on-site laundry room, separately metered gas and electricity, and individual water heaters for all units except the two studios. At the asking price, the property offers an attractive cost basis of approximately $227,778 per unit and $248 per square foot. Current operations generate approximately $395,548 in annual gross income, with projected income of $425,800 at market rents, resulting in a 6.92% pro forma cap rate. With its significant recent infrastructure upgrades, selectively renovated interiors, strong existing cash flow, two separate parcels, and convenient South Bay location, 1914-1918 W. El Segundo Boulevard represents an excellent opportunity to acquire a well-maintained multifamily asset with immediate income and long-term appreciation potential....
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Home facts
- Year built:1958
- Listing ID #:26105119
- Added:8 day(s) ago
- Updated:November 06, 2026 at 12:28 PM
Rooms and interior
- Bedrooms:18
- Total bathrooms:20
- Living area:12,012 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1958
- Building area:12,012 sq. ft.
- Lot area:0.38 Acres
Finances and disclosures
- Price:$4,100,000
- Price per sq. ft.:$341.33
Parking
- Total parking spaces:18
- Parking description:Attached Carport
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