Description

Located in the strong & high demand rental market of Central Gardena, 16701 Berendo Ave presents a rare opportunity for owner-occupants and investors alike. The property has been well maintained, with recent Cap Ex including a new roof, freshly sealed upper deck and updated units with new flooring. A buyer can occupy one unit with additional units that generate strong, in-place rental income to offset the mortgage. Capture additional upside with multiple garages offering potential for ADU conversion, subject to city permitting and approval. Convenient access to both the 110 and 91 freeways, along with local public transit options, offer seamless access throughout the South Bay and greater Los Angeles area. Residents enjoy access to recreation and green space including Rowley Park, Arthur Lee Johnson Park and the Gardena/Nakaoka Community Center, Local schools serving the area include: Gardena Elementary, Peary Middle School, and Gardena High School. The nearby Memorial Hospital serves as one of the city's largest employers with a reliable source of healthcare jobs. The broader area is further anchored by a stable and diverse employment base, from Gardena-based aerospace manufacturers like Brek Manufacturing to major South Bay players such as SpaceX, Northrop Grumman, and Hydroform USA. 16701 Berendo Ave is a compelling opportunity for both owner-occupants or seasoned investors looking to expand their portfolio.