Seller's Agent in 2012
Jonathan Nikfarjam
Shield CRE, Inc.
(310) 880-6807
85 Total Sales
Excellent location adjacent to recent condo re-development on Marine. Property is fully occupied consisting of (8) 2-BD/1-BA and (8) 1-BD/1BA. Individually metered for gas and electricity, large 15,000SF lot, 24 open parking spaces, large interior upgrades, and rents severely below market. Property has already been appraised at or above the list price. Owner purchased the asset in 2008 at $1,750,000 and put a great deal of capital expenditures into the asset. One of the lowest price per unit deals in true Gardena. With an assumable loan at 4.6% or new loan at 4.0%, 5-Year Fixed with maximum leverage. Loan terms subject to markets changes. Long term on-site manager, priced aggressively on a unit cost, and a fairly new roof. A double digit cash-on-cash return is easily attainable with modest rent increases. Turnkey, ease of management, experienced on-site, perfect for a passive investor. Please see private remarks.
Last Agent to Sell the Property
Shield CRE, Inc. License #01856803 Listed on: 11/18/2011
Last Buyer's Agent
Subscriber Non
Non-Participant Office License #13252
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/16/2012 03/16/12 | Sold | $1,625,000 | 0.0% | $155 / Sq Ft |
| 01/06/2012 01/06/12 | Pending | -- | -- | -- |
| 11/18/2011 11/18/11 | For Sale | $1,625,000 | -- | $155 / Sq Ft |
| 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 | $39,342 | $2,649,194 | $1,001,502 | $1,647,692 |
| 2024 | $37,650 | $2,597,250 | $981,865 | $1,615,385 |
| 2023 | $34,760 | $2,546,324 | $962,613 | $1,583,711 |
| 2022 | $34,755 | $2,496,397 | $943,739 | $1,552,658 |
| 2021 | $33,927 | $2,447,449 | $925,235 | $1,522,214 |
| 2019 | $32,735 | $2,376,158 | $897,793 | $1,478,365 |
| 2018 | $25,724 | $1,795,144 | $662,342 | $1,132,802 |
| 2016 | $23,774 | $1,724,188 | $636,623 | $1,087,565 |
| 2015 | $23,179 | $1,698,290 | $627,061 | $1,071,229 |
| 2014 | $23,083 | $1,665,024 | $614,778 | $1,050,246 |
Seller's Agent in 2012
Jonathan Nikfarjam
Shield CRE, Inc.
(310) 880-6807
85 Total Sales
S
Buyer's Agent in 2012
Subscriber Non
Non-Participant Office
Source: The MLS
MLS Number: 11-567511
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