12120 215th Street, Hawaiian Gardens, CA 90716
Local realty services provided by:ERA Excel Realty
12120 215th Street,Hawaiian Gardens, CA 90716
$2,100,000
- - Beds
- - Baths
- 6,871 sq. ft.
- Multi-family
- Active
Listed by: william mulkey
Office: tr wealth management inc.310-316-1014
MLS#:SB26212364
Source:CRMLS
Price summary
- Price:$2,100,000
- Price per sq. ft.:$305.63
About this home
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!...
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Home facts
- Year built:1980
- Listing ID #:SB26212364
- Added:4 day(s) ago
- Updated:October 04, 2026 at 10:38 AM
Rooms and interior
- Flooring:Vinyl
- Kitchen Description:Dishwasher, Gas Oven, Gas Range, Range Hood, Vented Exhaust Fan
- Living area:6,871 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Year built:1980
- Building area:6,871 sq. ft.
- Lot area:0.12 Acres
- Construction Materials:Copper Plumbing, Stucco
- Foundation Description:Raised
- Levels:2 Story
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,100,000
- Price per sq. ft.:$305.63
Features and amenities
- Appliances:Dishwasher
- Amenities:Carbon Monoxide (CO2) Detector, Ceiling Fans, Gas Water Heater, Open Floor Plan, Quartz Counters, Recessed Lighting, Water Heater
Parking
- Total parking spaces:11
- Parking description:6 Carport Space(s), Assigned, Covered, Garage
- Garage:Yes
- Garage spaces:5
- Carport spaces:6
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