16307 Gramercy Place

Gardena, CA 90247

$1,550,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1978

calendar_month Built

Property Description

This fantastic 4-plex is a unique investment opportunity, perfectly blending potential and profitability. Built in 1978, this property spans approximately 4,304 square feet and offers a mix of spacious living, modern amenities, and incredible income potential. The front unit is currently vacant and ready for your personal touch! This two-story home features three generous bedrooms and two and a half bathrooms. Downstairs, there's a spacious living room with a cozy fireplace, and a formal dining area perfect for meals and entertaining. The remodeled kitchen boasts ample counter space and a smaller dining area for casual meals. Adjacent to the kitchen, the large family room with a wet bar is ideal for gatherings and celebrations, there's also a half bath. Upstairs, you'll find a full bath in the master bedroom and another full bath in the hall, ensuring comfort and convenience for everyone. While the unit needs some cosmetic updates like paint and carpet, the potential here is endless. A step-down enclosure off the family room offers storage space or it can be used for a hobby or utility room or just about anything and there is a washer and dryer hookup with a laundry sink, and access to a spacious two-car garage with dual garage doors and automatic openers. There's even a small enclosed private patio for outdoor relaxation. This property isn't just a great place to live—it's a smart investment, too! The additional three units are currently occupied by long-term tenants, each offering two bedrooms, one bathroom, and a two-car garage. The property has one water meter for all units and separate gas and electric meters for each unit, managing utilities is straightforward. Imagine living in the front unit while receiving steady rental income from the other three units. Alternatively, you could choose to rent all four units and maximize your investment return. Either way, this property offers financial flexibility and significant income potential. Gardena is a desirable location with a wealth of features and amenities. This vibrant city offers easy access to some of Southern California's best attractions. You're just a short drive from the beautiful beaches, bustling downtown Los Angeles, and LAX for all your travel needs. Gardena is also conveniently located near several major freeways, making commuting a breeze. The city boasts a rich cultural scene, diverse dining options, and numerous parks and recreational facilities.

Listing Information

Close Price $1,550,000
Close Date Wednesday, October 2nd, 2024
Status Closed
MLS SR24161552
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1978
Lot Size 7,949
Structure Size N/A
DOM 13
Courtesy Of HomeBased Realty
Listing Agent Joe Morales DRE#01143174

Interior Features

Laundry Information
Location(s) Washer Hookup, Gas Dryer Hookup, Inside
Bedroom Information
Features All Bedrooms Up
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Carpet, Tile, Vinyl
Fireplace Information
Features Living Room
Additional Information
Additional Features Wet Bar, All Bedrooms Up, Utility Room

Exterior Information

Maps

Listing information courtesy of: Joe Morales, HomeBased Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 3rd, 2024 at 12:27 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.