Seller's Agent in 2024
David Holstein
The Holstein Group
(310) 891-3339
1 in this area
11 Total Sales
14900 Lemoli Ave Gardena, CA 90249
El Camino Village Neighborhood
1
Bed
2
Baths
9,606
Sq Ft
0.36
Acres
Highlights
- 0.36 Acre Lot
- Laundry Room
- Bike Trail
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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 0.36 Acre 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
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| 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
| 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 | $39,987 | $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
-
Alexander Yerekhman
A
Seller's Agent in 2016
Alexander Yerekhman
Century 21 Hollywood
(818) 705-1974
9 Total Sales
-
M
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
35 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23225776
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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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