About this home

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.

Facts and features

Schools

• Purche Avenue Elementary School

  elementary · K-5 · 0.5 mi

  3

• Robert E. Peary Middle School

  middle · 6-8 · 2.4 mi

  3

• Gardena Senior High School

  high · 9-12 · 3.5 mi

  5

• Maria Regina

  elementary · K-8 · 0.6 mi

• Animo Charter Middle No. 3

  middle · 6-8 · 0.4 mi

  6

• Maria Regina

  elementary · K-8 · 0.6 mi

Price history

• Oct 28, 2026 · Listed$4,100,000
• Jan 1, 2014 · Listing Removed$695
• Dec 27, 2013 · Listed For Rent$695
• Sep 5, 2003 · Sold$1,360,000
• Jan 12, 1989 · Sold$430,000
• Dec 12, 1985 · Sold$320,000

Tax history

• 2025$14,000 tax · $986,136 assessed
• 2024$13,386 tax · $966,801 assessed
• 2023$13,157 tax · $929,262 assessed
• 2022$12,556 tax · $911,042 assessed
• 2021$12,427 tax · $893,180 assessed
• 2020$12,515 tax · $884,023 assessed
• 2019$12,051 tax · $866,690 assessed
• 2018$11,833 tax · $849,697 assessed

Where it is