NOT LISTED FOR SALE

14523 Budlong Ave Gardena, CA 90247

Gardena Area
5 Beds
5 Baths
12,958 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: December 15, 2019

Last sale price $4,592,400 $354 Per Sq Ft

154 Days on Market

Highlights

  • 0.27 Acre Lot
  • Laundry Facilities
  • Front Yard
  • Central Heating

About This Home

As of December 2019

This pride of ownership property has recently underwent a mass renovation to all 12 units. The unit mix consists of Two (2) Detached Houses, each 3 Bedroom / 3 Bath, and Ten (10) 2 Bedroom / 2 Bath Units. Each house is over 1,700 +/- SF, and has a direct access to a 2-car garage and private back patios. The remaining units have covered carports and open parking spaces. The property has been completely remodeled in 2018 and 2019. Other tenant amenities included a gated entrance and an on-site laundry facility. The location, coupled with the amenities, make this an attractive place for both tenants and investors.

Last Agent to Sell the Property

Pat Swanson

Pat Swanson License #01382974 Listed on: 05/29/2019

Co-Listed By

Brett Bayless

Brett Bayless, Broker License #01718244

Last Buyer's Agent

Ali Zaidi

West Shores Realty, Inc. License #01879525

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 11,853 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard
  • 6114018037

Parking

  • 12 Open Parking Spaces
  • 2 Car Garage
  • 6 Carport Spaces

Home Design

  • 12,958 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 46748
  • Assessor Parcel Number 6114018038

Community Details

Overview

  • 4 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,532
  • Fuel Expense $444
  • Insurance Expense $6,478
  • Trash Expense $11,190
  • Water Sewer Expense $9,588
  • New Taxes Expense $54,366
  • Operating Expense $101,397
  • Gross Income $310,032
  • Net Operating Income $208,635

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0.27 Acres

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 9588.00
  • Zoning: GAR3
  • Property Type: Residential Income
  • Parcel Number: 6114018038
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 354.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 11190.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 6114018037
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 11853.00
  • Lot Size Acres: 0.2721

Multi Family

  • Electric Expense: 2532.00
  • Fuel Expense: 444.00
  • Gross Income: 310032.00
  • Gross Scheduled Income: 315600.00
  • Insurance Expense: 6478.00
  • Lot Size Area: 11853.0000 Square Feet
  • Net Operating Income: 208635.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 101397.00
  • Rent Control: No
  • Total Actual Rent: 26300.00
  • Total Expenses: 101397.00

Tax Info

  • New Taxes Expense: 54366.00
  • Tax Lot: 10
  • Tax Tract Number: 46748

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2025
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Outstanding Balance
$2,659,427
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2020
Sold by
Bought by

Purchase Details

Listed on
May 29, 2019
Closed on
Jan 23, 2020
Sold by
Bought by
Seller's Agent
Pat Swanson
Pat Swanson
Buyer's Agent
Ali Zaidi
West Shores Realty, Inc.
List Price
$4,640,000
Sold Price
$4,592,400
Premium/Discount to List
-$47,600
-1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,735,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
May 29, 2019
Closed on
Dec 18, 2019
Sold by
Bought by
Seller's Agent
Pat Swanson
Pat Swanson
Buyer's Agent
Ali Zaidi
West Shores Realty, Inc.
List Price
$4,640,000
Sold Price
$4,592,400
Premium/Discount to List
-$47,600
-1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,735,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,740,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2012
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 2003
Sold by
Bought by

Purchase Details

Closed on
May 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
5.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.62%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
-- None Available
-- None Available
$4,592,500 First American Title Company
$3,490,000 First American Title Company
-- None Available
-- Fidelity National Title Co
$1,460,000 Fidelity National Title Co
-- Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,700,000
Previous Owner $2,735,000
Previous Owner $1,740,000
Previous Owner $1,500,000
Previous Owner $910,000
Previous Owner $920,000
Previous Owner $900,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/15/2019 12/15/19 Sold $4,592,400 -1.0% $354 / Sq Ft
08/19/2019 08/19/19 Price Changed $4,640,000 0.0% $358 / Sq Ft
08/19/2019 08/19/19 For Sale $4,640,000 +1.0% $358 / Sq Ft
08/02/2019 08/02/19 Off Market $4,592,400 -- --
05/29/2019 05/29/19 For Sale $4,650,000 -- $359 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $32,618 $2,511,282 $984,280 $1,527,002
2024 $31,783 $2,462,042 $964,981 $1,497,061
2023 $31,218 $2,413,767 $946,060 $1,467,707
2022 $29,703 $2,366,439 $927,510 $1,438,929
2021 $29,380 $2,320,039 $909,324 $1,410,715
2020 $29,635 $2,296,250 $900,000 $1,396,250
2019 $22,604 $1,745,000 $750,000 $995,000
2018 $13,582 $974,032 $757,581 $216,451
2016 $12,829 $936,211 $728,164 $208,047
2015 $12,613 $922,149 $717,227 $204,922
2014 $12,608 $904,086 $703,178 $200,908
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19125121

California Regional Multiple Listing Service (CRMLS)
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