NOT LISTED FOR SALE

14720 S Berendo Ave Gardena, CA 90247

Estimated Value: $1,345,000 - $1,490,460

2 Beds
1 Bath
3,416 Sq Ft
$413/Sq Ft Est. Value

Last Sold January 02, 2018

Last sale price $977,700 $286 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $8,573/month

46 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Custom Window Coverings
  • Double Pane Windows
  • Tile Flooring
  • Wall Furnace

About This Home

As of January 2018

Opportunity to purchase a Quadruplex located in a non rent controlled area. This property is situated in the city of Gardena, near local entertainment, casino’s, shops, and restaurants. All units are 2 bedrooms and 1 bathroom. Each unit has 2 parking spaces
including 1 car garage parking. Seller is including all furniture with sale. Building features include, newer paint interior and exterior,
rain gutters, newer permitted stairway and decking, new permitted windows in all units, newly installed vinyl waterproof plank
flooring in selected areas, and new waterless grass in backyard, great for low maintenance and pet and children safe. Great
potential as an investment or live in one and rent out three. Don’t miss this opportunity!

Last Agent to Sell the Property

Charles Bedford

Morgan Real Estate Group, Inc. License #01803078 Listed on: 08/31/2017

Last Buyer's Agent

Frank Hernandez

Sunrise Acceptance Corp License #01074254

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,888

Year Built

  • Built in 1960

Lot Details

  • 5,885 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Driveway
  • Assigned Parking

Home Design

  • Quadruplex
  • Slab Foundation

Interior Spaces

  • 3,416 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Custom Window Coverings
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 6114031029

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,080
  • Insurance Expense $1,100
  • Other Expense $2,160
  • Trash Expense $1,740
  • Water Sewer Expense $1,440
  • New Taxes Expense $8,000
  • Operating Expense $15,520
  • Gross Income $90,000
  • Net Operating Income $104,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,888

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Inclusions: All furniture
  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: GAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6114031029
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Levels: Two
  • Price Per Square Foot: 286.21
  • Window Features: Custom Covering, Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Concrete, Garage Faces Front
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1740.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5885.00

Multi Family

  • Average2 Bed Area: 864 Square Feet
  • Electric Expense: 1080.00
  • Gross Income: 90000.00
  • Gross Scheduled Income: 120000.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 104480.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 15520.00
  • Other Expense: 2160.00
  • Other Expense Description: misc
  • Rent Control: No
  • Total Actual Rent: 10000.00
  • Total Expenses: 15520.00

Tax Info

  • New Taxes Expense: 8000.00
  • Tax Census Tract: 6030.01
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2017
Closed on
Dec 19, 2017
Sold by
Wu Lingzi
Bought by
Jacobs Esperanza R and Jacobs Albert R
Seller's Agent
Charles Bedford
Morgan Real Estate Group, Inc.
Buyer's Agent
Frank Hernandez
Sunrise Acceptance Corp
List Price
$998,000
Sold Price
$977,700
Premium/Discount to List
-$20,300
-2.03%
Current Estimated Value
$1,409,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,165
Avg. Annual Appreciation
4.79%
Original Mortgage
$977,700
Outstanding Balance
$823,351
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$586,514

Purchase Details

Closed on
Sep 22, 2017
Sold by
Fischer Matthew John
Bought by
Wu Lingzi

Purchase Details

Closed on
Aug 26, 2017
Sold by
Wu Yiwen
Bought by
Wu Lingzi

Purchase Details

Listed on
May 6, 2015
Closed on
Jun 1, 2015
Sold by
Wu Yiwen
Bought by
Wu Yiwen
Seller's Agent
Sergio Martinez
Pak Home Realty
Buyer's Agent
Sergio Martinez
Pak Home Realty
List Price
$620,000
Sold Price
$610,000
Premium/Discount to List
-$10,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.37%
Original Mortgage
$457,500
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 6, 2015
Closed on
May 13, 2015
Sold by
Parhams Maurice M
Bought by
Wu Yiwen
Seller's Agent
Sergio Martinez
Pak Home Realty
Buyer's Agent
Sergio Martinez
Pak Home Realty
List Price
$620,000
Sold Price
$610,000
Premium/Discount to List
-$10,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 5, 2000
Sold by
Mcandrew Michael T
Bought by
Parhams Maurice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,751
Interest Rate
7.84%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Jacobs Esperanza R $978,000 Wfg National Title Company O
Wu Lingzi -- Wfg National Title Company
Wu Lingzi -- Wfg National Title Company
Wu Yiwen -- Fidelity National Title Co
Wu Yiwen $610,000 Fidelity National Title Co
Parhams Maurice M $275,000 Southland Title
Mcandrew Michael T -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobs Esperanza R $977,700
Previous Owner Wu Yiwen $457,500
Previous Owner Parhams Maurice M $272,751
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/02/2018 01/02/18 Sold $977,700 0.0% $286 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
10/06/2017 10/06/17 Price Changed $977,700 -2.0% $286 / Sq Ft
08/31/2017 08/31/17 For Sale $998,000 +63.6% $292 / Sq Ft
05/31/2015 05/31/15 Sold $610,000 -1.6% $179 / Sq Ft View Prior Sale
05/08/2015 05/08/15 Pending -- -- --
05/06/2015 05/06/15 For Sale $620,000 -- $181 / 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
2025 $13,888 $1,112,791 $534,777 $578,014
2024 $13,888 $1,090,973 $524,292 $566,681
2023 $13,640 $1,069,582 $514,012 $555,570
2022 $12,968 $1,048,611 $503,934 $544,677
2021 $12,831 $1,028,051 $494,053 $533,998
2019 $12,417 $997,560 $479,400 $518,160
2018 $8,324 $644,319 $248,221 $396,098
2016 $7,939 $619,301 $238,583 $380,718
2015 $4,788 $351,674 $127,881 $223,793
2014 $4,800 $344,786 $125,376 $219,410
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Charles Bedford

    Morgan Real Estate Group, Inc.

  • F

    Buyer's Agent in 2018

    Frank Hernandez

    Sunrise Acceptance Corp

    (562) 622-8012

    Frank Hernandez
    Section Image
  • Sergio Martinez

    Seller's Agent in 2015

    Sergio Martinez

    Pak Home Realty

    (562) 277-1172

    11 Total Sales

    Sergio Martinez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17202875

California Regional Multiple Listing Service (CRMLS)

APN: 6114-031-029

California Los Angeles County Gardena 90247

14720 S Berendo Ave, Gardena, CA

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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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