NOT LISTED FOR SALE

2917 W Rosecrans Ave Gardena, CA 90249

6 Beds
4 Baths
4,133 Sq Ft
6,303 Sq Ft Lot

Last Sold October 18, 2021

Last sale price $1,422,000 $344 Per Sq Ft

287 Days on Market

Highlights

  • Cul-De-Sac
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Laundry Room

About This Home

As of October 2021

5-Unit apartment building located within the core of Gardena. Great unit mix of (1) 3 bed 2 bath, (1) 2 bed 1 bath, (3) 1 bed 1 bath, 5 enclosed garages (rented) and onsite laundry. Stabilized income stream with long term upside. Most major components of building have been modernized copper piping, upgraded electrical, pervious pavers, artificial landscape, dual pane windows, HVAC systems, fully enclosed property with gated entry and state of the art security camera system that can be viewed via app anytime. Existing landscape requires almost zero monthly maintenance. Laundry can be increased for additional income. Property is nearly turnkey for the most discriminating local or long distance investor. Additionally the existing annual scheduled rents are $111,036 and are collected via direct deposit allowing ease of ownership. Very attractive assumable financing at 3.9% fixed till 2022 with balance of ± $835,000.

Last Agent to Sell the Property

Nathan Diones

REGIONCY REAL ESTATE License #01767311 Listed on: 08/27/2020

Last Buyer's Agent

Mark Leddy

Compass License #01519607

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,303 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac

Parking

  • 5 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • 4,133 Sq Ft Home
  • Composition Roof

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 57
  • Tax Tract Number 23780
  • Assessor Parcel Number 4059019034

Community Details

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Fuel Expense $720
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Maintenance Expense $3,053
  • Professional Management Expense $5,089
  • Trash Expense $1,839
  • Water Sewer Expense $2,520
  • New Taxes Expense $20,625
  • Operating Expense $37,836
  • Gross Income $480
  • Net Operating Income $69,869

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

6,303 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 4.38
  • Professional Management Expense: 5089.00
  • Property Attached: No
  • Water Sewer Expenses: 2520.00
  • Zoning: GAR4
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4059019034
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate, Vinyl
  • Price Per Square Foot: 344.06

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Sewer Assessments
  • Trash Expense: 1839.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 6303.00
  • Lot Size Acres: 0.1447
  • Latitude Manual: 33.90236600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 840.00
  • Fuel Expense: 720.00
  • Garage Income: 450.00
  • Gross Income: 480.00
  • Gross Multiplier: 14.36
  • Gross Operating Income: 107705.00
  • Gross Scheduled Income: 111036.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 30.00
  • Lot Size Area: 6303.0000 Square Feet
  • Maintenance Expense: 3053.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 69869.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 37936.00
  • Rent Control: Yes
  • Total Actual Rent: 8773.00
  • Total Expenses: 37836.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20625.00
  • Tax Census Tract: 6026.00
  • Tax Lot: 57
  • Tax Tract Number: 23780
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2021 10/18/21 Sold $1,422,000 -10.8% $344 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
08/27/2020 08/27/20 For Sale $1,595,000 +93.3% $386 / Sq Ft
03/18/2016 03/18/16 Sold $825,000 +1.2% $200 / Sq Ft View Prior Sale
01/20/2016 01/20/16 Pending -- -- --
01/17/2016 01/17/16 For Sale $815,000 -- $197 / 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 $19,030 $1,509,036 $848,966 $660,070
2024 $19,030 $1,479,448 $832,320 $647,128
2023 $18,696 $1,450,440 $816,000 $634,440
2022 $19,210 $1,422,000 $800,000 $622,000
2021 $11,897 $902,254 $404,647 $497,607
2019 $11,528 $875,775 $392,646 $483,129
2018 $11,355 $858,610 $384,948 $473,662
2016 $9,495 $720,000 $540,000 $180,000
2015 $8,065 $600,000 $450,000 $150,000
2014 $8,215 $600,000 $450,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV20176575

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.