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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!
Property Type(s):
Residential Income
| Last Updated | 9/29/2026 | Year Built | 1980 |
|---|---|---|---|
| Community | 54 - Hawaiian Gardens | Garage Spaces | 5.0 |
| County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Vented Exhaust Fan, Water Heater |
| AREA | 54 - Hawaiian Gardens |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Central, Forced Air, Natural Gas |
| INTERIOR | Ceiling Fan(s), Open Floorplan, Recessed Lighting |
| LOT | 5205 sq ft |
| LOT DIMENSIONS | 5206 |
| PARKING | Assigned, Covered, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Available, Natural Gas Available, Sewer Connected, Water Available |
| VIEW | Yes |
| WATER | Public |
Location
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Listed with TR Wealth Management 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.
This IDX solution is (c) Diverse Solutions 2026.
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