NOT LISTED FOR SALE

2809 141st Place Gardena, CA 90249

11 Beds
7 Baths
5,137 Sq Ft
7,253 Sq Ft Lot

Last Sold March 01, 2019

Last sale price $1,265,000 $246 Per Sq Ft

81 Days on Market

About This Home

As of March 2019

***PRICE SLASHED BY $110,000 for a Quick Sale!!!!*** 6-unit apartment complex presents an excellent investment opportunity with tremendous upside potential. The property in NOT subject to rent control and upside can be realized by increasing rents to market levels and installing laundry equipment in currently empty laundry room. Excellent unit mix of one 2 bed 2 baths, four 2 bed 1 bath and one 1 bed 1 bath units. Property is separately metered for utilities. There are 6 carport parking spaces. Located in a highly desirable rental location with easy access to freeways and shopping.

Last Agent to Sell the Property

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 11/24/2018

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 11/24/2018

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,253 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot
  • Lawn

Home Design

  • Property Attached

Interior Spaces

  • 5,137 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available

Additional Features

  • Rain Gutters
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 23780
  • Assessor Parcel Number 4059020008

Community Details

Overview

  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Insurance Expense $2,000
  • Maintenance Expense $3,900
  • Water Sewer Expense $3,600
  • New Taxes Expense $17,008
  • Operating Expense $29,688
  • Gross Income $87,600
  • Net Operating Income $56,160

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 4.20
  • Price Per Unit: 223333
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: GAR4
  • Property Type: Residential Income
  • Parcel Number: 4059020008
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 246.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Rectangular Lot, Level, Walkstreet
  • Lot Size Sq Ft: 7253.00
  • Lot Size Acres: 0.1665

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 87600.00
  • Gross Multiplier: 15.29
  • Gross Operating Income: 85848.00
  • Gross Scheduled Income: 87600.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7253.0000 Square Feet
  • Maintenance Expense: 3900.00
  • Net Operating Income: 56160.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 29688.00
  • Rent Control: No
  • Total Expenses: 29688.00
  • Vacancy Allowance: 1752
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 17008.00
  • Tax Census Tract: 6026.00
  • Tax Lot: 10
  • Tax Tract Number: 23780

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 Change Sq Ft Price
03/01/2019 03/01/19 Sold $1,265,000 -12.8% $246 / Sq Ft
11/24/2018 11/24/18 For Sale $1,450,000 -- $282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Olga Wright

    Seller's Agent in 2019

    Olga Wright

    Lyon Stahl Investment Real Estate, Inc.

    (310) 425-9838

    1 in this area

    95 Total Sales

    Section Image
  • Stephen Lampe

    Buyer Co-Listing Agent in 2019

    Stephen Lampe

    RE/MAX

    (310) 802-2500

    1 in this area

    45 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18276113

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Gardena 90249

2809 141st Place, Gardena, CA

This home is located at 2809 141st Place, Gardena, CA 90249 since 24 November 2018. This property was built in 1959. 2809 141st Place is a home located in Los Angeles County with nearby schools including Purche Avenue 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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