Properties

Gardena, CA 90247 14015 S Budlong Avenue 7

14015 S Budlong Avenue 7 Gardena, CA - Image 114015 S Budlong Avenue 7 Gardena, CA - Image 214015 S Budlong Avenue 7 Gardena, CA - Image 3
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14015 S Budlong Avenue 7 Gardena, CA - Image 414015 S Budlong Avenue 7 Gardena, CA - Image 514015 S Budlong Avenue 7 Gardena, CA - Image 614015 S Budlong Avenue 7 Gardena, CA - Image 714015 S Budlong Avenue 7 Gardena, CA - Image 814015 S Budlong Avenue 7 Gardena, CA - Image 9
Presented By: Shirley Williams with Cutting Edge Property Mngmt; cuttingedgepm1@gmail.com
  • MLS# PW19146081
  • 06/19/2019
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  • SQFT • 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
Heating Y/NYes
Laundry FeaturesElectric Dryer Hookup, Gas Dryer Hookup
Total Stories2

General for 14015 S Budlong Avenue 7

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate4.87
Carport Spaces21
Carport Y/NYes
CityGardena
Community FeaturesGated
Construction MaterialsStucco
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsWest of Vermont, North Of Rosecrans
HeatingWall Furnace
Listing Terms1031 Exchange
Lot Size Square Feet26832
Lot Size UnitsSquare Feet
MLS Area699 - Not Defined
Net Operating Income301832
Number Of Units Total20
Number of Units Leased19
Occupancy TypeTenant
Open Parking Spaces10
Operating Expense72518
PostalCityGARDENA
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
Security FeaturesCarbon Monoxide Detector(s), Fire Detection System, Security Gate, Gated Community, Resident Manager, Smoke Detector(s)
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Tax Year2018
Unit Number7
Year Built1963
ZoningR-3

Exterior for 14015 S Budlong Avenue 7

Building Area Total16528
Lot Features16-20 Units/Acre
Lot Size Acres0.616
Lot Size Area26832
Lot Size SourceAssessor
Number of Buildings4
Total Parking31
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $5,850,000
MLS#PW19146081
List Date 06/19/2019
Property Type Commercial
Phone 888.795.6274
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