Gardena, CA 90247 14015 S Budlong Avenue 7

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Presented By: Shirley Williams with Cutting Edge Property Mngmt; cuttingedgepm1@gmail.com
  • MLS# PW19146081
  • 06/20/2019
  • Request Tour
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  • FootageSQFT • 16,528

Home Details

"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.
Presented By: Shirley Williams with Cutting Edge Property Mngmt; cuttingedgepm1@gmail.com

Interior Features for 14015 S Budlong Avenue 7

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Street SuffixAvenue
Total Stories2

General for 14015 S Budlong Avenue 7

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.87
Carport Spaces21.0
Carport Y/NYes
CityGardena
Community FeaturesGated
Construction MaterialsStucco
CoolingWallWindowUnits
CountyLos Angeles
Days on Market1573
DirectionsWest of Vermont, North Of Rosecrans
Garage Y/NNo
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsItem1031Exchange
Lot Size Square Feet26832.0
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income301832.0
New ConstructionNo
Number of Units Leased19
Occupancy DescriptionTenant
Open Parking Spaces10.0
Operating Expense72518.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubTypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, SecurityGate, GatedCommunity, ResidentManager, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street NameBudlong
Tax Year2018
Total Units20
Unit Number7
View Y/NNo
Waterfront Y/NNo
Year Built1963
ZoningR-3

Exterior for 14015 S Budlong Avenue 7

Building Area Total16528.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1620UnitsAcre
Lot Size Acres0.616
Lot Size Area26832.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings4
Open Parking Y/NNo
SpaNo
Total Parking31.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $5,850,000
MLS#PW19146081
List Date 06/20/2019
Property Type Commercial
Phone 714.964.3311
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