Active

12120 215th Street

Hawaiian Gardens, CA 90716
Mark as Favorite
Bed 12

Bed

Bath 7

Bath

SqFt5,206

Sqft(Lot)

Back on the market with another price reduction! Rare opportunity to acquire a well maintained and professionally operated multifamily property offering a 6% going-in cap rate with potential upside to over a 7% cap rate at market. Built in 1980, this approximately 6,871 square foot property offers strong in place cash flow, recent capital improvements, exceptionally large units and additional upside potential. The property features an excellent unit mix of two 3 bedroom, 2 bath units and three 2 bedroom, 1 bath units. A major highlight is the exceptionally large interior living spaces. Per the most recent appraisal, the units measure approximately 1,505, 2,101, 1,093, 968 and 1,196 square feet. These unusually spacious floor plans provide an attractive rental offering for families and long term tenants. All five units have been fully remodeled within the past 2 to 3 years. Recent exterior improvements include brand new exterior paint and decking, helping minimize near term maintenance needs. The property offers 11 onsite parking spaces, including five single car garages in front and six gated tuck under spaces accessed from the rear alley. Separately metered gas and electricity and individual water heaters for each unit provide additional operating efficiency. Additional money could come from garage rentals in the future. The property has a history of well vetted residents and offers investors the opportunity to acquire a stabilized income producing asset with substantial improvements already completed. At the current pricing, the property provides approximately a 6% cap rate based on existing operations, with potential to reach approximately a 7% cap rate at market rents. Additional upside may be available through organic rent growth, rental of select garage spaces, laundry installation, and potential ADU development utilizing existing garage space, subject to buyer verification and applicable city requirements. An excellent opportunity to acquire a multifamily asset with exceptionally large units, a desirable unit mix, recent renovations, ample parking, strong current cash flow and multiple avenues for future income growth at less than replacement cost!

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,100,000

AD Id : 91569175

MLS Id : SB26212364

Beds : 12

Lot Size : 5,206 Sq. Ft

Year Built : 1980

Garage : 5

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Interior Features

    CeilingFans, OpenFloorplan, QuartzCounters, RecessedLighting
    Appliances: Dishwasher, GasOven, GasRange, GasWaterHeater, RangeHood, VentedExhaustFan, WaterHeater
    Laundry Features: None
  • Heating & Cooling

    Has Heating: Yes Heating: Central, ForcedAir, NaturalGas Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1980
    Building Area Total: 6871
    Construction Materials: Stucco, CopperPlumbing
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 5206 Lot Size Acres: 0.1195 Lot Size Source: PublicRecords Lot Size Square Feet: 5,206 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $2100000
    Cash, CashToNewLoan, Conventional

  • Tax Information

    Parcel Number: 7065017027 Tax Lot: 103

  • Parking Information

    Parking Total: 11 Assigned, Covered, Garage

    Garage Information

    Has Garage: Yes Garage Space: 5

  • Utility Information

    ElectricityAvailable, NaturalGasAvailable, SewerConnected, WaterAvailable
  • Location Information

    Direction: 605 north & exit carson st st turn right east, then turnleft on Norwalk B. & turn left onto 215th st. WaterSource: Public Security Features: CarbonMonoxideDetectors,SmokeDetectors
Sell a home like this and save $125,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
22314 Joliet Avenue, Hawaiian Gardens, CA, 90716 $599,900 4 2 -- 4,982 Sq. Ft
22113 22115 Seine Avenue, Hawaiian Gardens, CA, 90716 $925,000 5 4 -- 4,985 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/04/2026 @ 00:24

MLS: SB26212364 LISTED BY: William Mulkey, TR Wealth Management Inc. 310-316-1014 SOURCE: CRMLS

Selling? Save $125,501 when you sell a home like this

Tour with a ByOwner Agent