Seller's Agent in 2020
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
168 Total Sales
14709 Budlong Ave Gardena, CA 90247
5
Beds
4
Baths
29,274
Sq Ft
0.79
Acre Lot
Highlights
- 0.79 Acre Lot
- Community Pool
- Paved or Partially Paved Lot
About This Home
As of December 2020Bay Breeze Apartments is a 27-unit multifamily investment property located in Gardena, one of the strongest rental markets in Southern California. Situated on a 0.79-acre lot, the 29,274 square foot property consists of two- and three-bedroom units and offers amenities including gated access, private balconies and patios, open and carport parking, on-site laundry, elevator service, and a swimming pool.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 09/30/2020
Property Details
Home Type
- Apartment
Year Built
- Built in 1973
Lot Details
- 34,412 Sq Ft Lot
- No Common Walls
- Paved or Partially Paved Lot
- Level Lot
Interior Spaces
- 29,274 Sq Ft Home
- 3-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 11 Open Parking Spaces
- 39 Parking Spaces
- 28 Carport Spaces
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 35 / B
- Tax Tract Number 18754
- Assessor Parcel Number 6114017024
Community Details
Recreation
- Community Pool
Building Details
- 27 Leased Units
- Rent Control
- 27 Separate Electric Meters
- 27 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $9,991
- Fuel Expense $9,991
- Insurance Expense $10,917
- Maintenance Expense $13,500
- Other Expense $45,900
- Professional Management Expense $25,185
- Trash Expense $9,991
- Water Sewer Expense $9,991
- New Taxes Expense $107,464
- Operating Expense $242,927
- Gross Income $648,083
- Net Operating Income $386,689
Additional Features
- 27 Units
- Laundry Facilities
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
Listed on
Sep 30, 2020
Closed on
Nov 20, 2020
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$8,520,000
Sold Price
$7,800,000
Premium/Discount to List
-$720,000
-8.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,287,647
Interest Rate
0.028%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 18, 2020
Sold by
Bought by
Purchase Details
Closed on
Nov 27, 2013
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
$3,087,000
Interest Rate
0.0408%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 26, 2013
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
$3,087,000
Interest Rate
0.0408%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 10, 2004
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
$2,200,000
Interest Rate
0.0594%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $8,000,000 | Chicago Title Company | ||
| -- | None Available | ||
| -- | Old Republic Title Company | ||
| -- | Old Republic Title Company | ||
| -- | Old Republic Title Company | ||
| $3,750,000 | First American Title Company |
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 |
|---|---|---|---|
| Closed | $6,750,000 | ||
| Closed | $6,287,647 | ||
| Closed | $3,087,000 | ||
| Closed | $2,200,000 |
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 |
|---|---|---|---|---|
| 12/11/2020 12/11/20 | Sold | $7,800,000 | -8.5% | $266 / Sq Ft |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- |
| 09/30/2020 09/30/20 | For Sale | $8,520,000 | -- | $291 / 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 | $111,175 | $8,659,456 | $4,870,944 | $3,788,512 |
| 2024 | $107,783 | $8,489,664 | $4,775,436 | $3,714,228 |
| 2023 | $105,870 | $8,323,200 | $4,681,800 | $3,641,400 |
| 2022 | $100,686 | $8,160,000 | $4,590,000 | $3,570,000 |
| 2021 | $62,800 | $4,829,110 | $3,348,185 | $1,480,925 |
| 2020 | $63,292 | $4,782,644 | $3,313,854 | $1,468,790 |
| 2019 | $60,834 | $4,688,927 | $3,248,877 | $1,440,050 |
| 2018 | $59,873 | $4,597,048 | $3,185,174 | $1,411,874 |
| 2016 | $57,004 | $4,415,609 | $3,061,491 | $1,354,118 |
| 2015 | $56,074 | $4,349,283 | $3,015,505 | $1,333,778 |
| 2014 | $56,101 | $4,264,088 | $2,956,436 | $1,307,652 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20205404
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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