14623 Roxton Ave, Gardena, CA 90249

Property Overview

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14623 Roxton Ave is a three-unit multifamily investment in Gardena, offering investors immediate income with significant upside through rent growth, ADU potential, and unit repositioning. The property includes a 3-Bed/1-Bath front house, a 2-Bed/2-Bath middle unit, and a 500-square-foot garage studio. At an asking price of $1,000,000 ($333K per unit), this 1952-built asset provides a rare, attainable entry into the South Bay multifamily market. Current rents generate a 5.02% cap rate with pro forma projections at 5.82%, supported by efficient expenses under 30% of EGI. With one unit carrying over 30% rental upside and the garage studio already functioning as an ADU, investors can capture immediate cash flow with a clear path to long-term growth.

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Key Property Details

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• Location: 14623 Roxton Ave, Gardena, CA 90249
• Lot Size: 5,233 square feet
• Total Building Area: 2,600 square feet
• Units: 3 (1 × 3BR/1BA, 1 × 2BR/2BA, 1 × Studio)
• Zoning: GAR1
• Year Built: 1952
• Parking: 3 spaces (front house + 2 ADUs)

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Investment Highlights

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• Built-in Rental Upside – Front 3-Bed unit currently rented at $2,360 vs. $3,100 market (~31% upside).
• Strong Returns – Current cap rate of 5.02% with pro forma cap rate of 5.82%.
• Low Entry Point – Priced at $333K per unit, a rare find for South Bay multifamily.
• Proven ADU Income – Garage studio and second unit already function as ADUs, showcasing additional value-add potential.
• Efficient Operating Costs – Pro forma expenses under 30% of EGI, ensuring healthy margins.
• Financing Flexibility – DSCR of 1.20+ provides leverage opportunities with positive cash flow.

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Neighborhood and Accessibility

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Located in the heart of Gardena’s 90249 zip code, the property is surrounded by a mix of single-family homes and small multifamily buildings, providing a stable rental base. Gardena is known for its vibrant food culture, particularly its acclaimed Japanese dining scene, and its strong sense of community. Tenants benefit from excellent access to major employment hubs in Torrance, El Segundo, and Downtown Los Angeles. The property is ideally positioned near the 110, 105, and 405 Freeways, and just 15 minutes from LAX, offering unmatched convenience for commuters and frequent travelers alike.

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Market Trends and Financial Potential

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• Current Occupancy: 100% leased (3 of 3 units)
• Vacancy Assumption: 5% standard underwriting
• Property Tax Rate: ~1.25% of purchase price
• Insurance Estimate: $1,000 per unit annually
• Repairs & Maintenance: $500 per unit annually
• Management Fee: 5% of Effective Gross Income
• Reserves: $100 per unit annually

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl

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