We are pleased to present Ashville Apartments. A 15-Unit Apartment Building located at 15229 S. Raymond Ave in Gardena, CA. The subject property is conveniently located near grocery stores and retail shopping, with easy access to the 110, 91, 105 and 405 Freeways.

Built in 1970 and 100% occupied, the property has an excellent unit mix. There are eight, 2 bedroom, 1 bath units, with approximately 800+ square feet of living space and seven, 1 bedroom, 1 bath units, with approximately 675+ square feet of living space. The property is not subject to rent control.

Ashville Apartments provides investors with the unique opportunity to capitalize on a current revenue stream with upside potential in current rents, in a strong rental market. This property is setting market rents in the area with pre-tax cash flow to be 7.77% per year, and totals 13.22% with principal pay down.