NOT LISTED FOR SALE

15530 S Budlong Place Unit 1 Gardena, CA 90247

11 Beds
10 Baths
5,771 Sq Ft
7,247 Sq Ft Lot

Last Sold April 15, 2022

Last sale price $1,972,000 $342 Per Sq Ft

14 Days on Market

About This Home

As of April 2022

15530 Budlong Pl is a well-positioned 6-Unit building Central Gardena. Built in 1962, the 5,771 SF building sits on a 7,247 SF lot, and features (1) 3-Bed/1.5-Bath, (3) 2-Bed/1.5-Bath, and (2) 1-Bed/1-Bath units. Currently sitting at a 3.73% cap rate, there is incredible upside potential of a 5.44% pro forma cap rate.
Given the ideal location in a high-growth city and consistent income of over $9,850/mo, this is a great opportunity to own a quality asset for any Los Angeles CRE investor.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 03/04/2022

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,247 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Home Design

  • 5,771 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 603
  • Assessor Parcel Number 6113033055
  • $576 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,308
  • Maintenance Expense $5,910
  • Other Expense $4,800
  • Professional Management Expense $5,910
  • New Taxes Expense $23,737
  • Operating Expense $43,865
  • Gross Income $114,654
  • Net Operating Income $70,789

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 316667
  • Professional Management Expense: 5910.00
  • Property Attached: Yes
  • Zoning: GAR4
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6113033055
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 341.71

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7247.00
  • Lot Size Acres: 0.1664

Multi Family

  • Gross Income: 114654.00
  • Gross Operating Income: 114654.00
  • Gross Scheduled Income: 118200.00
  • Insurance Expense: 2308.00
  • Lot Size Area: 7247.0000 Square Feet
  • Maintenance Expense: 5910.00
  • Net Operating Income: 70789.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 43865.00
  • Other Expense: 4800.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Actual Rent: 9850.00
  • Total Expenses: 43865.00

Tax Info

  • New Taxes Expense: 23737.00
  • Tax Census Tract: 6031.01
  • Tax Lot: 3
  • Tax Tract Number: 603...
  • TaxOtherAnnualAssessmentAmount: 576.00

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2022 04/15/22 Sold $1,972,000 +3.8% $342 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $1,900,000 -- $329 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Woody Stahl

    Seller's Agent in 2022

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    5 in this area

    153 Total Sales

    Woody Stahl
    Section Image
  • Brett Lyon

    Seller Co-Listing Agent in 2022

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    5 in this area

    144 Total Sales

    Brett Lyon
    Section Image
  • Jonathan Nikfarjam

    Buyer's Agent in 2022

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    6 in this area

    75 Total Sales

    Jonathan Nikfarjam
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22041779

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Gardena 90247

15530 S Budlong Place Unit 1, Gardena, CA

This home is located at 15530 S Budlong Place Unit 1, Gardena, CA 90247 since 04 March 2022. This property was built in 1962. 15530 S Budlong Place Unit 1 is a home located in Los Angeles County with nearby schools including Amestoy Elementary School, Robert E. Peary Middle School, and Gardena Senior High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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