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12218 224th , Hawaiian Gardens, CA 90716
Priced at Only: $1,250,000
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Address: 12218 224th , Hawaiian Gardens, CA 90716
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  • MLS#: DW26075827 ( Quadruplex )
  • Street Address: 12218 224th
  • Viewed: 1
  • Price: $1,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: LOS ANGELES
  • City: Hawaiian Gardens
  • Zipcode: 90716
  • Provided by: Keller Williams SELA
  • Contact: Victor Victor
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    A steady income asset in a market that continues to gain momentum. This 4 unit multifamily property offers a clean, highly functional unit mix, strong in place income, and a location that continues to attract both renters and long term investors. The asset consists of four (4) two bedroom / one bathroom units within an approximately 3,000 square foot, two story building situated on a 5,227 square foot lot. The property is currently generating $70,200 in annual gross income, supported by a stable tenant base and a layout that consistently performs well within the local rental market. With eight (8) total parking spaces, the asset provides a practical amenity set that aligns with tenant expectations and supports long term occupancy. Positioned with immediate access to the Interstate 605, the property benefits from strong regional connectivity to both Los Angeles and Orange County employment centers. Additionally, its proximity to major retail and lifestyle amenities, including the Long Beach Towne Center and El Dorado Regional Park enhances its appeal to a broad tenant base. Bordering high income and highly desirable communities such as Los Alamitos, Cypress, Cerritos, Lakewood, and the eastern portion of Long Beach, Hawaiian Gardens benefits from its proximity to stronger surrounding markets while offering a more accessible entry point for investors. The area continues to show clear signs of growth and increasing demand. Recent developments, including the Holiday Inn Express & Suites Hawaiian Gardens, along with ongoing commercial improvements along the Carson Street corridor, signal growing investor confidence and long term upside. From an investment standpoint, the offering presents a balanced profile, delivering stable cash flow today while maintaining the ability to capture future rental growth in a strengthening submarket
Features
Building Area Total
  1. 3000.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Country
  1. US
Electric Expense
  1. 1840.00
Fuel Expense
  1. 1000.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 1500.00
Laundry Features
  1. None
Lot Features
  1. Paved
  2. Landscaped
Netoperatingincome
  1. 50256.00
Parcel Number
  1. 7076034004
Pool Features
  1. None
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 460271313:CRM
Totalexpenses
  1. 19944.00
Trash Expense
  1. 1400.00
Water Sewer Expense
  1. 4000.00
Water Source
  1. Private
Year Built
  1. 1960
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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