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Seller's Agent in 2016
John Chelius
Property Works RE, Inc.
(310) 722-0360
6 Total Sales
Estimated Value: $1,127,000 - $1,406,000
Turnstone Capital is pleased to present an exceptional value add opportunity in Gardena. Side by side 4 unit properties totaling 3,290 sq ft each, situated on 6,495 sq ft lots. Four carport parking spaces on each lot. Both properties are zoned GAR3 and are NOT subject to rent control. Huge upside potential in rents. One unit delivered vacant at the close of escrow. Significant deferred maintenance for each property. City of Gardena has issued a violation notice for unpermitted work and required repairs. Buildings are separately metered for electric and gas - owner pays water and trash. Neither property will qualify FHA.
Last Agent to Sell the Property
Property Works RE, Inc. License #01936287 Listed on: 08/19/2016
| Date | Buyer | Sale Price | Title Company | 
|---|---|---|---|
| Fsb Properties 1203 144Th St Llc | $1,100,000 | California Best Title Company | |
| Marigold Holdings Llc | -- | Chicago Title Company | |
| Urban Street Properties Inc | $1,250,000 | Old Republic Title Company | 
| Date | Status | Borrower | Loan Amount | 
|---|---|---|---|
| Open | Fsb Properties 1203 144Th St Llc | $728,000 | |
| Previous Owner | Marigold Holdings Llc | $2,530,500 | 
| Date | Event | Price | List to Sale | Price per Sq Ft | 
|---|---|---|---|---|
| 10/12/2016 10/12/16 | Sold | $625,000 | -3.8% | $190 / Sq Ft | 
| 08/31/2016 08/31/16 | Pending | -- | -- | -- | 
| 08/19/2016 08/19/16 | Price Changed | $650,000 | +4.0% | $198 / Sq Ft | 
| 08/19/2016 08/19/16 | For Sale | $625,000 | -- | $190 / Sq Ft | 
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement | 
|---|---|---|---|---|
| 2025 | $14,273 | $1,144,440 | $728,280 | $416,160 | 
| 2024 | $14,273 | $1,122,000 | $714,000 | $408,000 | 
| 2023 | $14,018 | $1,100,000 | $700,000 | $400,000 | 
| 2022 | $8,787 | $683,525 | $311,688 | $371,837 | 
| 2021 | $8,692 | $670,124 | $305,577 | $364,547 | 
| 2019 | $8,416 | $650,250 | $296,514 | $353,736 | 
| 2018 | $8,253 | $637,500 | $290,700 | $346,800 | 
| 2016 | $5,177 | $382,407 | $205,687 | $176,720 | 
| 2015 | $5,090 | $376,664 | $202,598 | $174,066 | 
| 2014 | $5,101 | $369,287 | $198,630 | $170,657 | 
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Seller's Agent in 2016
John Chelius
Property Works RE, Inc.
(310) 722-0360
6 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16183433
 
					APN: 6114-034-001