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14015 S Budlong Avenue , #7

Gardena, CA 90247
  • $5,850,000
  • STATUS: Active Under Contract
  • ON SITE: 1110 Days
  • ID#: PW19146081
Under Contract
UPDATED: 15 min ago
$5,850,000
  • 0
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,528
    SQFT
  • $354
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Shirley Williams of Cutting Edge Property Mngmt (714-974-5302)


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 2022-07-05T12:29:38.613. 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 Cory Home Team | eXp Realty of California Inc. Licensed in the State of California, USA.
www.searchcaliforniahomes.net/homes/96127317
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14015 S Budlong Avenue , #7 Gardena, CA 90247

  • Price: $5,850,000
  • Status: Active Under Contract
  • On Site: 1110 Days
  • Updated: 15 min ago
  • ID#: PW19146081
0
Beds
0
Baths
0
½ Baths
0.62
Acres
16,528
SQFT
$354
$/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 Carport YN Yes Construction Materials Stucco Lot Features 16-20 Units/Acre Open Parking Spaces 10 Parking Total 31

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.87 Common Interest Community Apartment Community Features Gated Gross Scheduled Income 395147 Laundry Features Electric Dryer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Terms 1031 Exchange Net Operating Income 301832 Number Of Units Leased 19 Operating Expense 72518 Property Sub Type Multi Family Security Features Carbon Monoxide Detector(S)Fire Detection SystemSecurity GateGated CommunityResident ManagerSmoke Detector(S) Special Listing Conditions Standard Tax Year 2018 Vacancy Allowance 20797 Vacancy Allowance Rate 1 Water Source Public Zoning R-3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-05T12:29:38.613. 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 Cory Home Team | eXp Realty of California Inc. Licensed in the State of California, USA.
 
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Cory Home Team | eXp Realty of California Inc
41951 Remington Ave., Ste 260
Temecula CA, 92590
Listing Agent(s): Shirley Williams of Cutting Edge Property Mngmt (714-974-5302)