14015 Van Ness Ave, Gardena, CA 90249

Property Description

8.96% CAP rate!! 14015 Van Ness Ave. is a well-maintained two-story commercial office building that features seven fully leased units, providing exceptional cash flow with an excellent CAP rate. With a large portion of the tenants currently on month-to-month leases, the property offers flexibility for an investor seeking to reposition rents or for a future owner-user looking to occupy all or a portion of the building. This is an excellent opportunity to acquire a stable, high yielding income producing asset. The building’s efficient layout and flexible floor plans make it well suited for professional and medical offices, back-office operations, and service-oriented businesses, allowing for a variety of tenant sizes and configurations. Recent capital improvements reflect proactive ownership and help mitigate the likelihood of upcoming capital expenses. Completed in 2022, these upgrades include a newer roof and skylights, four newer HVAC units, fresh interior/exterior paint, and newer flooring in renovated suites. Additional property features include air conditioning and heating in all units, three common area restrooms, and select in-suite restrooms for added convenience. The property is further enhanced by a central open courtyard that fills the space with abundant natural light, 12 parking spaces plus an on-site parking lot providing ample parking for both tenants and visitors, a gated perimeter, and a building alarm system that offers an added layer of security for occupants and their clientele.