14623 Roxton Avenue Open House Save Request In-Person Tour Request Virtual Tour
Gardena,CA 90249
OPEN HOUSE
Mon Oct 27, 11:30am - 12:30pm
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,140 sqft
Price per Sqft $467
MLS Listing ID CL25602963
Bedrooms 5
Year Built 1952
Lot Size 5,233 Sqft
Property Sub-Type OTHER
Property Description
14623 Roxton Ave | 3-Unit Multifamily in Gardena with Proven ADU Income and Rental UpsideBuilt in 1952, the property consists of a well-diversified mix of (1) 3-Bed/1-Bath front house, (1) 2-Bed/2-Bath middle unit, and (1) 500 SF garage studio totaling 2,600 SF on a 5,233 SF GAR1-zoned lot. Priced at $1,000,000 (~$333K per unit / $384 per SF), this South Bay triplex offers investors an attractive blend of in-place income and measurable rent growth potential. The asset currently produces a 5.02% cap rate, with pro forma projections at 5.82%, supported by efficient operating expenses under 30% of EGI. The front 3-Bed unit presents over 30% rental upside, providing a straightforward opportunity to increase NOI and property value through rent adjustments or light renovations. The garage studio and second unit already function as ADUs, demonstrating a proven value-add model that can be further enhanced to drive returns. With three parking spaces and individual layouts that attract long-term tenants, this property delivers both stability and upside. This is a Partition Referee sale with Court Confirmation required.
Location
State CA
County Los Angeles
Zoning GAR1
Interior
Heating Central
Laundry Dryer,Washer
Building
New Construction No