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2617 W Rosecrans Avenue

Gardena, 90249

0 Bd
0 Ba
6,837 Lot
$1,400,000 SOLD Price | Closed 6/23/23
Closed Status
68 Days on Market
Mar 29 First Day Active
$1,600,000 Start Price

Description

2617 Rosecrans Ave is a well-positioned 6-Unit in Gardena. Built in 1959, the 4,310 SF building sits on a 6,837 SF lot, and features (1) 2-bed/2-bath, (1) 2-bed/1-bath units, and (4) 1-bed/1-bath units, with a carport for (6) cars in the back. This property currently has an impressive cap rate of 5.39% and a market cap of 5.85%

Given the ideal location in a high-growth city and potential income of over $10,389/mo, this this is a great opportunity to own a quality asset for any Los Angeles CRE investor.

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Property Details for 2617 W Rosecrans Avenue

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Brett Lyon
Listing Brokered By
Lyon Stahl Investment Real Estate, Inc.
Type
Residential Income, Mixed Use
Year Built
1959 (Assessor)
MLS Area
116 - North Gateway

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
68 DOM
Combined DOM*
68
First Date Active
March 29th, 2023
Closing Date
June 23rd, 2023
Sold Price
$1,400,000
Orig. List Price
$1,600,000
MLS® #
PW23051417
APN
4059019018
Special
Standard

Home Interior Information

Fireplaces
None

Room Information

Laundry
CommonArea

Exterior Information

Lot Description
6-10 Units/Acre
Lot Size (sq. ft.)
6,837
Lot Size (acres)
0.16
Pool
None
Parking Spaces
6

Utilities Information

Water Source
Public

Additional Information

Zoning
GAR4
Buyer's Brokerage Fee
2.500
Co-Agent
Woody Stahl
Co-Agent Office
Lyon Stahl Investment Real Est

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
116 - North Gateway
City/State
Gardena
Zip Code
90249
County
Los Angeles
# of Units
6
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Listing/Price History

2617 W Rosecrans Avenue, Gardena, (MLS® #PW23051417)

Date Details Price Change
Closed $1,400,000
Pending
Price Reduced (from $1,600,000) $1,500,000 $100,000 (6.25%)
Active
Pending (from Active)
Show More (1)
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Listing Summary

Quick Summary of 2617 W Rosecrans Avenue: This home in Gardena is priced at $1,500,000 . The Mixed Use residence was originally built in 1959 and was listed on March 29th, 2023 at $1,600,000, showing 68 Days on Market currently. Contact Dave Fratello today for more information or to go see 2617 W Rosecrans Avenue.

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Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 2:35pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.