Peggy Lim
Real Brokerage Technologies
(626) 889-5586
86 Total Sales
1 in Alondra Park
$950,000 Price
14900 Lemoli Ave Gardena, CA 90249
Alondra Park Area
1
Bed
2
Baths
9,606
Sq Ft
0.36
Acre Lot
Highlights
- 0.36 Acre Lot
- Bike Trail
- Laundry Facilities
About This Home
As of May 2024Updated Set Up Sheet. Price Improvement. Seller financing available.
14900 Lemoli Ave., Gardena CA 90249 is a 16-unit apartment complex that benefits from a strong employment base as well as a nearby community college that helps provide constant demand for housing. The property consists of all large One Bedroom Units and is situated on an oversized 15,624 sq ft lot with plenty of parking. All utilities are paid by Landlord (Master Metered). Upside: Buyer may be able to institute RUBS on turnover(s). This asset is situated in zip code area of the City of Gardena, however, under it falls under the jurisdiction of LA County (not LA City).
Value Added: Rents are very low compared to Market! In addition to 4% annual increases, an investor can increase rents substantially on turn-over. Additionally, there is an office unit that has plumbing for a toilet and shower which may be able to be leased out as an office (Buyer to verify). An investor can also find upside with additional income from the laundry room, storage facilities onsite, and the ample parking area.
For investors looking for a value-added opportunity - this might be your deal! Some basic deferred maintenance makes this investment offering perfect for an investor that knows how to beautify a property and maximize rents in the process.
Priced competitively BELOW 10x GRM (9.97) and a potential 6.30% CAP, this asset potentially can possibly cash flow at the list price using reasonable estimated expenses!!
Last Agent to Sell the Property
The Holstein Group License #01210777 Listed on: 12/13/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 15,627 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 9,606 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 143
- Tax Tract Number 993
- Assessor Parcel Number 4071016001
- $1 per year additional tax assessments
Community Details
Recreation
- Bike Trail
Building Details
- 16 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $7,296
- Fuel Expense $13,171
- Insurance Expense $7,500
- Maintenance Expense $13,600
- Pest Control $1,500
- Professional Management Expense $13,400
- Supplies Expense $2,000
- Trash Expense $3,985
- Water Sewer Expense $10,283
- New Taxes Expense $35,000
- Operating Expense $109,335
- Net Operating Income $187,188
Additional Features
- 16 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
Dec 13, 2023
Closed on
May 24, 2024
Sold by
Robert Childress and Robert Relda Childress
Bought by
Seller's Agent
David Holstein
The Holstein Group
Buyer's Agent
David Holstein
The Holstein Group
List Price
$3,100,000
Sold Price
$2,900,000
Premium/Discount to List
-$200,000
-6.45%
Views
47
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Outstanding Balance
$1,418,702
Interest Rate
7.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 9, 2016
Closed on
Aug 11, 2016
Sold by
Dorfman Ben Z
Bought by
Childress Robert and Childress Relda
Seller's Agent
Alexander Yerekhman
Century 21 Hollywood
Buyer's Agent
David Holstein
The Holstein Group
List Price
$2,500,000
Sold Price
$2,450,000
Premium/Discount to List
-$50,000
-2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.19%
Original Mortgage
$775,000
Interest Rate
3.41%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 17, 2016
Sold by
Shining Sun Llc
Bought by
Ben Dorfman Revocable Living Trust
Purchase Details
Listed on
Feb 12, 2013
Closed on
Apr 22, 2013
Sold by
Dorfman Ben Z
Bought by
Dorfman Ben Z and Ben Dorfman Revocable Living Trust
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Doug Rodermund
Morgan Skenderian
List Price
$1,365,000
Sold Price
$1,355,000
Premium/Discount to List
-$10,000
-0.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,016,250
Interest Rate
3.51%
Mortgage Type
Commercial
Purchase Details
Listed on
Feb 12, 2013
Closed on
Apr 5, 2013
Sold by
Hayward Scott Hatfield
Bought by
Dorfman Ben Z
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Doug Rodermund
Morgan Skenderian
List Price
$1,365,000
Sold Price
$1,355,000
Premium/Discount to List
-$10,000
-0.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,016,250
Interest Rate
3.51%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 26, 2003
Sold by
Hayward Scott Hatfield
Bought by
Hayward Scott Hatfield and The Scott Hatfield Hayward Separate Prop
Purchase Details
Closed on
Nov 1, 2000
Sold by
Gardena South Partnership
Bought by
Hayward Scott and Abbasi Robert A
Purchase Details
Closed on
Aug 7, 2000
Sold by
Hayward Lincoln Trust Cstdn Et Al Fbo Scott
Bought by
Abbasi Robert and Gardena South Partnership
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,250
Interest Rate
8.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 15, 1998
Sold by
Oren Kristan J
Bought by
Oren Efraim
Purchase Details
Closed on
Nov 28, 1997
Sold by
Baldonado Betty
Bought by
Oren Efraim
Purchase Details
Closed on
Mar 31, 1997
Sold by
Oh Nancy
Bought by
Oren Efraim and Hayward Scott
Purchase Details
Closed on
Mar 28, 1997
Sold by
Oh Nancy
Bought by
Oren Efraim and Hayward Scott
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Gardena, CA
-
Peggy Lim
-
Maria Barragan
Maria Barragan
Realty ONE Group United
(424) 336-8371
54 Total Sales
1 in Alondra Park
$825,000 Price
-
Vanessa Velardez
Vanessa Velardez
Coldwell Banker Residential Br
(424) 242-1252
24 Total Sales
2 in Alondra Park
$825K - $928K Price Range
-
Flor Butler
Flor Butler
Coastal Equities California Real Estate Brokers
(424) 380-6857
12 Total Sales
2 in Alondra Park
$1,149,000 Price Range
-
Hasaranga Ratnayake
Hasaranga Ratnayake
BEST PROPERTY MANAGEMENT & REA
(951) 877-5217
57 Total Sales
1 in Alondra Park
$1,325,000 Price
-
Gina Lemus
Gina Lemus
Compass
(424) 338-9732
11 Total Sales
1 in Alondra Park
$875,000 Price
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 |
|---|---|---|---|
| $2,900,000 | Chicago Title Company | ||
| Childress Robert | $2,450,000 | Provident Title Company | |
| Ben Dorfman Revocable Living Trust | -- | None Available | |
| Yerekhman Alexander | -- | None Available | |
| Yerekhman Michelle Lillianne | -- | None Available | |
| Yerekhman Alexander | -- | None Available | |
| Dorfman Ben Z | -- | None Available | |
| Shining Sun Llc | -- | None Available | |
| Dorfman Ben Z | $1,355,000 | Provident Title Company | |
| Hayward Scott Hatfield | -- | -- | |
| Hayward Scott | -- | -- | |
| Abbasi Robert | $535,000 | Fidelity National Title | |
| Abbasi Robert | -- | Fidelity Title | |
| Oren Efraim | -- | Provident Title Company | |
| Oren Efraim | -- | -- | |
| Oren Efraim | $58,964 | Orange Coast Title | |
| Oren Efraim | $58,964 | Orange Coast 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 | $1,450,000 | ||
| Previous Owner | Childress Robert | $200,000 | |
| Previous Owner | Childress Robert | $775,000 | |
| Previous Owner | Dorfman Ben Z | $1,016,250 | |
| Previous Owner | Abbasi Robert | -- | |
| Previous Owner | Abbasi Robert A | $882,000 | |
| Previous Owner | Abbasi Robert | $401,250 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $2,900,000 | -3.2% | $302 / Sq Ft | |
| 04/15/2024 04/15/24 | Price Changed | $2,995,000 | -3.4% | $312 / Sq Ft | |
| 04/08/2024 04/08/24 | For Sale | $3,100,000 | 0.0% | $323 / Sq Ft | |
| 03/01/2024 03/01/24 | Pending | -- | -- | -- | |
| 02/28/2024 02/28/24 | Price Changed | $3,100,000 | -8.8% | $323 / Sq Ft | |
| 12/13/2023 12/13/23 | For Sale | $3,400,000 | +38.8% | $354 / Sq Ft | |
| 08/18/2016 08/18/16 | Sold | $2,450,000 | -2.0% | $255 / Sq Ft | View Prior Sale |
| 08/15/2016 08/15/16 | Pending | -- | -- | -- | |
| 07/09/2016 07/09/16 | For Sale | $2,500,000 | +84.5% | $260 / Sq Ft | |
| 04/19/2013 04/19/13 | Sold | $1,355,000 | -0.7% | $141 / Sq Ft | View Prior Sale |
| 02/28/2013 02/28/13 | Pending | -- | -- | -- | |
| 02/12/2013 02/12/13 | For Sale | $1,365,000 | -- | $142 / 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 |
|---|---|---|---|---|
| 2026 | $43,126 | $3,017,160 | $1,966,356 | $1,050,804 |
| 2025 | $43,126 | $2,958,000 | $1,927,800 | $1,030,200 |
| 2024 | $39,987 | $2,787,678 | $1,080,935 | $1,706,743 |
| 2023 | $36,961 | $2,733,019 | $1,059,741 | $1,673,278 |
| 2022 | $36,958 | $2,679,431 | $1,038,962 | $1,640,469 |
| 2021 | $36,076 | $2,626,894 | $1,018,591 | $1,608,303 |
| 2019 | $34,799 | $2,549,520 | $988,380 | $1,561,140 |
| 2018 | $34,147 | $2,499,540 | $969,000 | $1,530,540 |
| 2016 | $20,320 | $1,409,517 | $520,117 | $889,400 |
| 2015 | $19,822 | $1,388,346 | $512,305 | $876,041 |
| 2014 | $19,753 | $1,361,151 | $502,270 | $858,881 |
Source: Public Records
Agents Affiliated with this Home
-
David Holstein
Seller's Agent in 2024
David Holstein
The Holstein Group
(310) 345-9994
13 Total Sales
-
Alexander Yerekhman
AY
Seller's Agent in 2016
Alexander Yerekhman
Century 21 Hollywood
(818) 705-1974
10 Total Sales
-
MY
Seller Co-Listing Agent in 2016
Michelle Yerekhman
Century 21 Hollywood
-
Doug Rodermund
Seller's Agent in 2013
Doug Rodermund
Morgan Skenderian
(949) 295-8560
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23225776
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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