Address not disclosed Gardena, CA 90247

The property consists of a single retail building plus 2 houses all rented. All the units have been redone on the exterior with new stucco, new windows and foam trims around windows. The interiors have also been redone including paint, carpet, fixtures, flooring and washer dryer hook-ups. The tenants pay all utilities along with gardening. The income and expense figures listed are the actual expenses except for maintenance which is actually lower than listed because of the rehabbed condition. Based on the actual expenses and the new property taxes the property yields an 9.03% cap rate. To be sold with the adjoining parcel which also has 2 houses on it. Price is based on a 9.03% cap rate on both properties. Since July 2011 this cap beats 12 of the 14 sold and pending similar listings.. Comments Title: Retail building with 4 houses.