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We are pleased to present 1914-1918 W. El Segundo Boulevard, an attractive 18-unit multifamily investment opportunity located directly across from Chester Washington Golf Course in Gardena, California. Offered at $4,100,000, the property features a strong 6.20% current cap rate and 10.37 GRM, providing investors with immediate cash flow and additional rental upside. Built in 1958, the property consists of two 9-unit buildings situated on separate APNs, totaling approximately 16,511 square feet of improvements on a combined 12,012-square-foot lot. The desirable unit mix consists of (2) spacious three-bedroom/two-bathroom units, (14) one-bedroom/one-bathroom units, and (2) studios. Each building features a three-bedroom owner's unit with a fireplace. The property has benefited from several significant capital improvements, including a newer roof (2024), copper repiping and drain line improvements (2019), and the relining of both main sewer lines (2025). Select units have been tastefully renovated with updated kitchens featuring quartz-style countertops, subway tile backsplashes, modern fixtures, new flooring, and remodeled bathrooms. Additional property amenities include 18 parking spaces, a dedicated on-site laundry room, separately metered gas and electricity, and individual water heaters for all units except the two studios. At the asking price, the property offers an attractive cost basis of approximately $227,778 per unit and $248 per square foot. Current operations generate approximately $395,548 in annual gross income, with projected income of $425,800 at market rents, resulting in a 6.92% pro forma cap rate. With its significant recent infrastructure upgrades, selectively renovated interiors, strong existing cash flow, two separate parcels, and convenient South Bay location, 1914-1918 W. El Segundo Boulevard represents an excellent opportunity to acquire a well-maintained multifamily asset with immediate income and long-term appreciation potential.
Property Type(s):
Residential Income
| Last Updated | 10/28/2026 | Year Built | 1958 |
|---|---|---|---|
| Community | 114 - Hollypark | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 114 - Hollypark |
| GARAGE | Attached Garage |
| HEAT | Wall Furnace |
| LOT | 0.379 acre(s) |
| LOT DIMENSIONS | 16511 |
| PARKING | Attached, Attached Carport |
| STORIES | Split/Multi Level |
Location
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Listed with Realty Investment Advisors, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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