12120 215th Street
Hawaiian Gardens, CA 90716
Listing broker / agent: TR Wealth Management Inc. · William Mulkey · Bill@BillMulkey.com · CRMLS
MLS # SB26212364 · Last checked Oct 12, 2026 23:13 UTC
About this property
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 details
- MLS number
- SB26212364
- Status
- Active
- Type
- Residential Income
- Subtype
- Mixed Use
- Lot size
- 0.1195 acres
- Year built
- 1980
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 0
Building
- Year built
- 1980
- Year built source
- Public Records
- Stories
- 2
- Building stories
- 1
- Levels
- Two
- Entry level
- 1
- Construction
- Stucco, Copper Plumbing
- Foundation
- Raised
- Condition
- Turnkey
Rooms & interior
- Rooms
- Kitchen, Primary Bathroom, Primary Bedroom
- Appliances
- Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Vented Exhaust Fan, Water Heater
- Interior features
- Ceiling Fans, Open Floorplan, Quartz Counters, Recessed Lighting
- Flooring
- Vinyl
- Heating
- Central, Forced Air, Natural Gas
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- None
Exterior & parking
- Total parking spaces
- 11
- Garage spaces
- 5
- Carport spaces
- 6
- Parking
- Assigned, Covered, Garage
- Pool
- None
- Spa
- None
- Lot features
- Zero To One Unit Acre
- Lot size source
- Public Records
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Available, Natural Gas Available, Sewer Connected, Water Available
- Community features
- Street Lights, Sidewalks
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Fedde (Pharis F.) Middle (school website, opens in a new tab) ABC Unified · Hawaiian Gardens | 7–8 | 0.2 mi |
| Melbourne (Ella P.) Elementary (school website, opens in a new tab) ABC Unified · Lakewood | K–6 | 0.4 mi |
| Furgeson (Venn W.) Elementary (school website, opens in a new tab) ABC Unified · Hawaiian Gardens | K–6 | 0.6 mi |
| Aloha Elementary (school website, opens in a new tab) ABC Unified · Lakewood | K–6 | 0.6 mi |
| Palms Elementary (school website, opens in a new tab) ABC Unified · Lakewood | K–6 | 0.7 mi |
| Artesia High (school website, opens in a new tab) ABC Unified · Lakewood | 9–12 | 0.8 mi |
| Hawaiian Elementary (school website, opens in a new tab) ABC Unified · Hawaiian Gardens | K–6 | 0.8 mi |
| Willow Elementary (school website, opens in a new tab) ABC Unified · Lakewood | K–6 | 0.9 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $2,100,000
- MLS-reported original asking price
- $2,100,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 06:03 | $2,100,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Hawaiian Gardens
Active residential homes for sale in Hawaiian Gardens, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
Not enough price-change observations yet. History starts when the upgraded importer records changes; no trend direction is assumed.
Calculated 2026-10-13 00:26 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗