14015 S Budlong Avenue , #7

    Gardena, CA 90247
    • $6,250,000
    • STATUS: Active
    • ON SITE: 175 days
    • ID#: PW19146081
    UPDATED: 52 min ago
    $6,250,000
    • 0
      BEDS
    • 0.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,528
      SQFT
    • $378
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1963
    County:

    School Ratings & Info

    Description

    "OWNER FLEXIBLE, CARRY SECOND POSSIBILITY"CEPM is proud to present this 16,528 -square foot, twenty-unit apartment building located at 14015 South Budlong Ave in Gardena, California. This non-rent controlled asset is of close proximity to the many retail shops, office buildings, restaurants and grocery stores of Rosecrans Ave and Vermont Avenue. Bordered by the 110 and 105 Freeways, the investment possesses immediate transit to the many neighboring employment centers such as Northrop Grumman, Spacex, Hollywood Park Tomorrow, Raytheon, the Los Angeles Airport and proposed new NFL Stadium. 14015 South Budlong Avenue provides an investor with the opportunity to own a twenty-unit property in the dense Gardena rental market. The building is a turnkey asset and has been well maintained by the owner. Eight units have been completely renovated with and included two wall ac's per unit, twelve units have new windows, heaters and security doors. The property contains market rents as well as legitimate rental upside. **Broker/buyer are to verify all information.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-13T22:28:20.233. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.

    www.inlandempiresold.com/homes/96127317

    14015 S Budlong Avenue , #7 Gardena, CA 90247

    • Price: $6,250,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: PW19146081
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.62
    Acres
    16,528
    SQFT
    $378
    $/SQFT
    1963
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    "OWNER FLEXIBLE, CARRY SECOND POSSIBILITY"CEPM is proud to present this 16,528 -square foot, twenty-unit apartment building located at 14015 South Budlong Ave in Gardena, California. This non-rent controlled asset is of close proximity to the many retail shops, office buildings, restaurants and grocery stores of Rosecrans Ave and Vermont Avenue. Bordered by the 110 and 105 Freeways, the investment possesses immediate transit to the many neighboring employment centers such as Northrop Grumman, Spacex, Hollywood Park Tomorrow, Raytheon, the Los Angeles Airport and proposed new NFL Stadium. 14015 South Budlong Avenue provides an investor with the opportunity to own a twenty-unit property in the dense Gardena rental market. The building is a turnkey asset and has been well maintained by the owner. Eight units have been completely renovated with and included two wall ac's per unit, twelve units have new windows, heaters and security doors. The property contains market rents as well as legitimate rental upside. **Broker/buyer are to verify all information.
    Exterior Features

    Carport Spaces 21.00 Construction Materials Stucco Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 31.00

    Interior Features

    Condo Area Units Square Feet Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes Laundry Features Gas & Electric Dryer Hookup

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 4.00 Country Us Expense Year 2019 Gross Scheduled Income 428544.00 Land Use Multi-Family Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 252307.00 Number Of Units Leased 19 Operating Expense 95810.00 Property Sub Type Multi Family Real Estate Tax Expense 59000.00 Security Features Automatic GateCarbon Monoxide Detector(S)Fire And Smoke Detection SystemGated CommunityResident ManagerSmoke Detector(S) Special Listing Conditions Standard Tax Annual Amount 59000.00 Tax Year 2018 Vacancy Allowance 21427 Vacancy Allowance Rate 1.30 Water Source Public Zoning R-3

    Listing provided courtesy of Shirley Williams of Cutting Edge Property Mngmt


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-13T22:28:20.233. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.

     
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