Millman Team Real Estate

$1,200,000
9 Bed
7 Bath
3,948 Sqft
0.15 Acre Lot

16506 S Denver Avenue, Gardena, California 90248

  • Residential Income Property Type
  • 3,948 Sqft Square Footage
  • 1965 Year Built
Property Description

Exceptional opportunity to acquire a well-maintained 4-unit apartment building in the heart of Gardena, offering strong current income with significant upside potential. The property consists of two spacious 3-bedroom, 2-bath units, one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit, providing an attractive unit mix for a wide range of tenants.Each unit benefits from individual yard space, garage parking, and additional side parking amenities that are highly desirable and help support long-term tenant retention. The property has been well cared, recently completed exterior paint, and upgraded plumbing. Currently occupied by long-term tenants paying below-market rents, this asset presents a clear value-add opportunity for investors seeking future rental growth and increased cash flow. With low maintenance requirements and competitive pricing, the property is well-positioned for repositioning to maximize both income and equity appreciation. Conveniently located in a high-demand rental market near major freeways, employment centers, shopping, dining, and public transportation, this is an ideal investment for both seasoned and first-time multifamily investors looking to build long-term wealth through real estate. BEST PRICED IN THE IMMEDIATE AREA

Basic Details
Residential Income
For Sale
26849205
$1,200,000
9
7
3,948 Sqft
1965
0.15 Acre
Active
Features
: Wall Furnace
: Wall/Window Unit(s)
$0
Address Map
CA
Los Angeles
Gardena
90248
Denver
16506
Avenue
W119° 42' 59.5''
N33° 52' 53.7''
Waze.com
116 - North Gateway
S
LAR3
Additional Information
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$0
$0
$0
$0
1
3948
: Two
4
2026-06-18
2
Broker/Agent Information
eXp Realty of California Inc
Carlos Villegas
Listing Information
CLW-C114127
CLW-X78984
Active
2026-06-18T21:39:46Z
CRMLS
: Standard
2026-06-18T00:00:00Z
Agent info
Ray Millman
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