NOT LISTED FOR SALE

14423 S Berendo Ave Gardena, CA 90247

5 Beds
2 Baths
7,948 Sq Ft
0.33 Acres

Last Sold August 28, 2015

Last sale price $1,570,000 $198 Per Sq Ft

1 Day on Market

Highlights

  • 0.33 Acre Lot
  • Laundry Room
  • Wall Furnace
  • No HOA

About This Home

As of August 2015

1) Non Rent Controlled, 2) Huge upside in the rents that are Month to Month.. 3) Value added deal!!!, 4) All 2 and 3 Bedroom units ... The 4 buzz words or wishes that every investor looks for is right here in this deal!

10 unit asset with 6 - 2 bedroom units and 4- 3 bedroom units.. Seller has owned for 20 years and was not aggressive with the rent escalations.. Great opportunity for an investor to come in and beautify the asset and have it yield a great income.

Freshly painted and new asphalt. Large lot that can be configured for 20+ parking (tandem). Washer dryer on site, mostly copper plumbed (buyer to verify).

Last Agent to Sell the Property

David Holstein

The Holstein Group License #01210777 Listed on: 08/10/2015

Last Buyer's Agent

David Holstein

The Holstein Group License #01210777 Listed on: 08/10/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.33 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 20 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 7,948 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 31
  • Tax Tract Number 6030
  • Assessor Parcel Number 6114019015

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $768
  • Gardener Expense $400
  • Insurance Expense $3,850
  • Maintenance Expense $5,800
  • Pest Control $500
  • Professional Management Expense $3,150
  • Trash Expense $2,500
  • Water Sewer Expense $7,189
  • New Taxes Expense $17,944
  • Gross Income $9,675
  • Net Operating Income $68,059

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.27
  • Professional Management Expense: 3150.00
  • Property Attached: Yes
  • Water Sewer Expenses: 7189.00
  • Property Type: Residential Income
  • Gardener Expense: 400.00
  • Parcel Number: 6114019015
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 197.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 500.00
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 14250.00
  • Price Per Lot Square Foot: 110.18
  • Lot Size Acres: 0.3270

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 750
  • Average3 Bed Area: 900
  • Electric Expense: 768.00
  • Gross Income: 9675.00
  • Gross Multiplier: 13.74
  • Gross Scheduled Income: 116100.00
  • Insurance Expense: 3850.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 14250.0000 Square Feet
  • Maintenance Expense: 5800.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 68059.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 45139.00
  • Operating Expense Percent: 38.88
  • Rent Control: No
  • Vacancy Allowance Rate: 2.50

Tax Info

  • New Taxes Expense: 17944.00
  • Tax Lot: 31
  • Tax Tract Number: 6030.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2015 08/28/15 Sold $1,570,000 -1.6% $198 / Sq Ft
08/11/2015 08/11/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $1,595,000 -- $201 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Holstein

    Seller's Agent in 2015

    David Holstein

    The Holstein Group

    (310) 891-3339

    11 Total Sales

    David Holstein
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15175836

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Gardena 90247

14423 S Berendo Ave, Gardena, CA

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