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$ 1,250,000
Est. payment /mo
Active
12218 224th Hawaiian Gardens, CA 90716
5,096 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26075827
HOA Y/N No
Year Built 1960
Lot Size 5,096 Sqft
Property Sub-Type Quadruplex
Property 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
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
Location
State CA
County Los Angeles
Area 54 - Hawaiian Gardens
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Park, Storm Drain(s), Street Lights, Sidewalks
Private Pool No
Building
Lot Description Landscaped, Paved
Story 2
Sewer Public Sewer
Water Private
New Construction No
Others
Senior Community No
Tax ID 7076034004
Energy Description 1000.0
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Victor Ambriz Jr Keller Williams SELA 562-842-7248, DRE #00952349
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