Hawaiian Gardens Homes with Mixed Use Subtype

Welcome to Hawaiian Gardens, a vibrant and charming city nestled in the heart of Los Angeles County, California. Known for its warm, welcoming atmosphere and rich cultural diversity, Hawaiian Gardens is a hidden gem that offers residents a unique blend of suburban tranquility and urban convenience. With a population of just over 14,000, this small city boasts a tight-knit community feel while being just a stone’s throw away from the bustling metropolis of Los Angeles.

One of the most exciting aspects of Hawaiian Gardens is its mixed-use properties, which are increasingly popular among homebuyers and investors alike. These homes with a mixed-use subtype offer an incredible opportunity to live, work, and play all in one place. Imagine stepping out of your front door and finding a café, boutique, or office space just moments away. This innovative approach to living not only enhances convenience but also fosters a dynamic community where commerce and residential life seamlessly intertwine.

The city is home to several parks, recreational facilities, and community events that encourage residents to connect and engage with one another. Whether you’re enjoying a sunny afternoon at the Hawaiian Gardens Community Center or exploring the local shops, you’ll find that this city is brimming with life and opportunity.

With its affordable housing options, diverse amenities, and a welcoming community spirit, Hawaiian Gardens is the perfect place to call home. Discover the charm of this unique city and experience the benefits of mixed-use living in a vibrant, thriving environment. Your dream home awaits!

Newest Hawaiian Gardens Homes with Mixed Use Subtype

$2,100,000

SB26212364 MLS ⋅ Active Status

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!

12120 215th Street, Hawaiian Gardens

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.