$2,520,000
SOLD APR 10, 2025

15135 Budlong Ave Gardena, CA 90247

17 Beds
10 Baths
8,430 Sq Ft
0.34 Acres

Recently Sold

$299 Per Sq Ft

10% Below List Price

21 Days on Market

Highlights

  • 0.34 Acre Lot
  • Wood Flooring
  • Living Room
  • Traditional Architecture
  • Tile Countertops
  • Laundry Room

About This Home

As of April 2025

Positioned in a growing, high demand area with reliable rental income, this 9-unit complex is centrally located with easy access to freeways and all parts of Los Angeles. Strong mix with one 3 bed/2 bath, six 2 bed/1 bath and two 1 bed/1 bath units, in good condition. All of the units are month-to-month. The building has supplementary income streams available with extra parking, laundry and ADU potential. This property offers stability for any type of buyer whether a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

Last Agent to Sell the Property

Rob McGarry

Vista Sotheby’s International Realty Brokerage Phone: 310-463-8488 License #01356525 Listed on: 02/04/2025

Last Buyer's Agent

Vishesh Sharma

Century 21 Coastal Properties License #01984033

Century 21 Coastal Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.34 Acre Lot
  • Two or More Common Walls
  • East Facing Home
  • Block Wall Fence
  • Level Lot

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • 15 Carport Spaces
  • Parking Available

Home Design

  • Traditional Architecture
  • Apartment
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 8,430 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 10 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 32 / 60
  • Tax Tract Number 1237
  • Assessor Parcel Number 6114012017
  • $2,521 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • Property has a Home Owners Association
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,598
  • Fuel Expense $3,925
  • Insurance Expense $5,042
  • Professional Management Expense $11,160
  • Trash Expense $9,518
  • Water Sewer Expense $7,376
  • Operating Expense $98,427
  • Gross Income $223,212
  • Net Operating Income $126,985

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 4.89
  • Professional Management Expense: 11160.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 7376.00
  • Zoning: GAR4
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6114012017
  • Year Built: 1987
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 298.93
  • Room Type: Living Room

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 15.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 9518.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 14655.00
  • Lot Size Acres: 0.3364

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 875 Square Feet
  • Average3 Bed Area: 1780 Square Feet
  • Electric Expense: 1598.00
  • Fuel Expense: 3925.00
  • Gross Income: 223212.00
  • Gross Multiplier: 11.63
  • Gross Scheduled Income: 223212.00
  • Insurance Expense: 5042.00
  • Laundry Income: 500.00
  • Lot Size Area: 14655.0000 Square Feet
  • Net Operating Income: 126985.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Number With Dishwasher: 9
  • Number With Disposal: 9
  • Number With Range: 9
  • Operating Expense: 98427.00
  • Rent Control: No
  • Total Actual Rent: 18601.00
  • Total Expenses: 98427.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 60
  • Tax Census Tract: 6030.04
  • Tax Lot: 32
  • Tax Tract Number: 1237
  • TaxOtherAnnualAssessmentAmount: 2520.76

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2025 04/10/25 Sold $2,520,000 -2.9% $299 / Sq Ft
02/25/2025 02/25/25 Pending -- -- --
02/12/2025 02/12/25 Price Changed $2,595,000 -7.2% $308 / Sq Ft
02/04/2025 02/04/25 For Sale $2,795,000 -- $332 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25024792

California Regional Multiple Listing Service (CRMLS)