In November of 2021, Emerald Creek Capital provided a $6,750,000 bridge loan in the city of Gardena, CA in Los Angeles County. The loan is secured by a fully occupied 20,667 square foot, 26-unit apartment building situated on a 31,200 square foot site. The recently renovated units range from studios to 3-bedrooms. Gardena is a desirable suburb located 15 minutes south of downtown Los Angeles, with a strong rental demand among families and young professionals. The area offers its residents many restaurants, parks, and cultural attractions, and proximity to California’s most popular beaches and coastal cities. The subject property is located steps from Redondo Beach Boulevard and is also accessible by the Harbor Freeway.
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