NOT LISTED FOR SALE

1308 W Gardena Blvd Unit A Gardena, CA 90247

Estimated Value: $1,285,000 - $1,452,000

7 Beds
4 Baths
3,480 Sq Ft
$394/Sq Ft Est. Value

Last Sold August 23, 2021

Last sale price $1,195,000 $343 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,598/month

11 Days on Market

About This Home

As of August 2021

1308 W Gardena Blvd is a great value-add opportunity for sale in Gardena! The subject property boasts a great unit mix of (1) 3 bedroom/2 bath and (3) 2 bedroom/1 bath units. Tenants enjoy their peace and quiet as all the buildings are single storied (no pitter pattering from tenants above) and sits on a LARGE 9,800 sq ft lot. Tenants love the walkability and commutability of 1308 Gardena Blvd since it is close to supermarkets, restaurants, shopping and dining options as well as the 110 and 405 freeways. With over 20%upside in rents, once an investor increases rents and gets market rents, the subject property will be operating above a 6% CAP rate and under a 11.9 GRM!

Last Agent to Sell the Property

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. License #01944770 Listed on: 06/18/2021

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597

Last Buyer's Agent

richard tsao

New Century Prop. & Inv. License #00985459

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,845

Year Built

  • Built in 1968

Lot Details

  • 9,800 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 3,480 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 1 Open Parking Space
  • 6 Parking Spaces
  • 5 Carport Spaces
  • Parking Available

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 15 / A
  • Tax Tract Number 576
  • Assessor Parcel Number 6111007001

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $75
  • Fuel Expense $75
  • Gardener Expense $1,200
  • Insurance Expense $1,218
  • Maintenance Expense $3,067
  • Trash Expense $1,200
  • Water Sewer Expense $1,600
  • New Taxes Expense $14,938
  • Operating Expense $23,623
  • Gross Income $72,846
  • Net Operating Income $49,223

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,845

Year Built

Built in 1968

Lot Details

0

Listing Details

  • CapRate: 4.12
  • Property Attached: Yes
  • Water Sewer Expenses: 1600.00
  • Zoning: GACR
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6111007001
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 343.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9800.00
  • Lot Size Acres: 0.2250

Multi Family

  • Electric Expense: 75.00
  • Fuel Expense: 75.00
  • Gross Income: 72846.00
  • Gross Multiplier: 15.58
  • Gross Operating Income: 72846.00
  • Gross Scheduled Income: 76680.00
  • Insurance Expense: 1218.00
  • Lot Size Area: 9800.0000 Square Feet
  • Maintenance Expense: 3067.00
  • Net Operating Income: 49223.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 23623.00
  • Rent Control: No
  • Total Expenses: 23623.00
  • Vacancy Allowance: 3834

Tax Info

  • New Taxes Expense: 14938.00
  • Tax Block: A
  • Tax Census Tract: 6031.02
  • Tax Lot: 15
  • Tax Tract Number: 576

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
Jul 29, 2021
Sold by
Kikawa Ross Masakazu and Kikawa Margy Patricia
Bought by
Yu Daniel Q and Chen Julie
Seller's Agent
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
richard tsao
New Century Prop. & Inv.
List Price
$1,195,000
Sold Price
$1,195,000
Total Days on Market
11
Current Estimated Value
$1,371,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,323
Avg. Annual Appreciation
3.68%
Original Mortgage
$896,250
Outstanding Balance
$821,970
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$549,353

Purchase Details

Closed on
Apr 23, 2008
Sold by
Kikawa Ross M
Bought by
Kikawa Ross Masakazu and Kikawa Margy Patricia

Purchase Details

Closed on
Jul 30, 2007
Sold by
Kohama Jean
Bought by
Kohama Jean and Kikawa Michael Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2007
Sold by
Kikawa Kunikazu
Bought by
Kohama Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2007
Sold by
Kikawa Michael Eugene
Bought by
Kohama Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2000
Sold by
Kikawa Haruko
Bought by
Kikawa Haruko and The Haruko Kikawa Trust

Purchase Details

Closed on
Apr 16, 1996
Sold by
Kikawa Kunikazu
Bought by
Kikawa Kunikazu and Kikawa Ruthie
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yu Daniel Q $1,195,000 Fidelity National Title
Kikawa Ross Masakazu -- None Available
Kohama Jean -- Chicago Title Co
Kohama Jean -- Chicago Title Co
Kohama Jean -- Accommodation
Kikawa Haruko -- --
Kikawa Kunikazu -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yu Daniel Q $896,250
Previous Owner Kohama Jean $370,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2021 08/23/21 Sold $1,195,000 0.0% $343 / Sq Ft
06/18/2021 06/18/21 For Sale $1,195,000 -- $343 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $15,845 $1,243,278 $811,512 $431,766
2023 $15,562 $1,218,900 $795,600 $423,300
2022 $14,795 $1,195,000 $780,000 $415,000
2021 $12,788 $1,019,315 $606,737 $412,578
2020 $12,889 $1,008,864 $600,516 $408,348
2019 $12,376 $989,084 $588,742 $400,342
2018 $12,142 $969,692 $577,199 $392,493
2016 $11,048 $885,000 $567,800 $317,200
2015 $8,904 $704,000 $451,700 $252,300
2014 $9,073 $704,000 $451,700 $252,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21130560

California Regional Multiple Listing Service (CRMLS)

APN: 6111-007-001