Hawaiian Gardens, CA 90716,21929 Verne AVE
Hawaiian Gardens, CA 90716,21929 Verne AVE
Hawaiian Gardens, CA 90716,21929 Verne AVE
Hawaiian Gardens, CA 90716,21929 Verne AVE
Hawaiian Gardens, CA 90716,21929 Verne AVE
Hawaiian Gardens, CA 90716,21929 Verne AVE
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$1,580,000

$1,635,000

3.4%
Est.Price: ?

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Est. payment /mo

9,147 Sqft Lot


SOLD DATE : 03/14/2024

Key Details

Sold Price $1,580,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC23202870

Sold Date 03/14/24

HOA Y/N No

Year Built 1974

Lot Size 9,147 Sqft

Property Description

21929 Verne Avenue is a 6-unit multifamily investment property located in Hawaiian Gardens, CA. Built in 1974, 21929 Verne Avenue features a strong mix of one, one-bedroom unit and five, two-bedroom units, of which one is a townhome. Property amenities include ample surface and garage parking, security doors, and on-site laundry. The property represents a unique opportunity to acquire a property in Hawaiian Gardens, a city which historically has a very low transaction velocity, including no sales of 5 or more units since August of 2021. Additionally, as of October 31st, 2023, 21929 Verne Avenue is the only listing of 5 or more units in Hawaiian Gardens. 21929 Verne Avenue is within a 1-mile radius of a plethora of local, neighborhood, and regional retail centers including Hawaiian Gardens Towne Center, The Gardens, and Long Beach Towne Center. The property is situated in close proximity to The Gardens Casino, the top employer and a major economic driver for the city of Hawaiian Gardens. Additionally, the property is just under 1 mile from Interstate 605, providing residents with convenient access to employment hubs throughout Los Angeles and Orange Counties. As the only multifamily listing in the city of Hawaiian Gardens, 21929 Verne Avenue represents a unique opportunity for an investor to acquire an asset with substantial upside in a market with little to no transaction volume.

Location

State CA

County Los Angeles

Area 54 - Hawaiian Gardens

Zoning HGR4*

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 12

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7076003011

Energy Description 2351.5

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest • 714-713-9086
Bought with Tyler Leeson • Marcus & Millichap RE Invest
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