J
Seller's Agent in 2022
Joshua Cohen
Keller Williams Realty
14011 Budlong Ave Gardena, CA 90247
5
Beds
4
Baths
21,632
Sq Ft
0.69
Acres Lot
Highlights
- 0.69 Acre Lot
- Laundry Room
- Controlled Entrance
About This Home
As of February 202214011 South Budlong Avenue is an outstanding 20-unit property on the market for the first time in about 16 years, and has been meticulously maintained by current ownership. This investment would be a terrific addition to any investors portfolio with projected rental upside of about 25% +/- !The property sits on a very large 30,000 square foot lot, and is split into two large buildings totaling almost a combined 22,000 square feet! The grounds feature a laundry room (leased), gated parking for 44 spots, and features a great unit mix of Eight 3 Bedroom units and Twelve 2 Bedroom units. The units themselves are spacious and laid out well, including individual water heaters and balconies. The unit are all individually metered, helping to reduce an owner's utility costs. The City of Gardena is known as a very strong and stable rental market, and investment interest has recently been booming, along with the City's neighbors of Hawthorne and Inglewood.
Last Agent to Sell the Property
Joshua Cohen
Keller Williams Realty License #01346713 Listed on: 11/18/2021
Last Buyer's Agent
Joshua Cohen
Keller Williams Realty License #01346713 Listed on: 11/18/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1988
Lot Details
- 29,923 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- 21,632 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Parking
- Parking Available
- Covered Parking
- Controlled Entrance
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 576
- Assessor Parcel Number 6115012029
- $4,541 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 20 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 21 Separate Electric Meters
- 21 Separate Gas Meters
- 2 Separate Water Meters
- Other Expense $154,978
- Operating Expense $154,978
- Gross Income $453,180
- Net Operating Income $295,558
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/08/2022 02/08/22 | Sold | $7,050,000 | +0.7% | $326 / Sq Ft |
| 11/29/2021 11/29/21 | Pending | -- | -- | -- |
| 11/18/2021 11/18/21 | For Sale | $7,000,000 | -- | $324 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2025 | $91,863 | $7,481,516 | $4,244,832 | $3,236,684 |
| 2024 | $91,863 | $7,334,820 | $4,161,600 | $3,173,220 |
| 2023 | $90,219 | $7,191,000 | $4,080,000 | $3,111,000 |
| 2022 | $40,568 | $3,118,933 | $2,112,793 | $1,006,140 |
| 2021 | $40,054 | $3,057,778 | $2,071,366 | $986,412 |
| 2019 | $38,799 | $2,967,084 | $2,009,929 | $957,155 |
| 2018 | $38,191 | $2,908,907 | $1,970,519 | $938,388 |
| 2016 | $35,647 | $2,795,952 | $1,894,002 | $901,950 |
| 2015 | $34,979 | $2,753,955 | $1,865,553 | $888,402 |
| 2014 | $34,894 | $2,700,010 | $1,829,010 | $871,000 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21251445
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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