NOT LISTED FOR SALE

2919 W 141st Place Gardena, CA 90249

7 Beds
6 Baths
4,352 Sq Ft
6,347 Sq Ft Lot

Last Sold February 11, 2020

Last sale price $1,325,000 $304 Per Sq Ft

12 Days on Market

Highlights

  • Hiking Trails
  • Laundry Room
  • Rectangular Lot
  • Cul-De-Sac

About This Home

As of February 2020

Rare 5-unit building in great rental area of Gardena. Significant recent upgrades including roof, exterior refresh, landscaping, water heater, and enclosed garages. 3 out of 5 units recently updated. Strong actual income at 14.43 GRM with a 18.6% upside to a 12.17 GRM on market rents. Excellent unit mix with one 2 bed/2 bath, one 2 bed/1 bath, and three 1 bed/1 bath units. Laundry room available for extra income (not yet in use). Well located property close to El Camino College, SpaceX, and beach communities. Well-maintained, professionally managed property.

Last Agent to Sell the Property

Anthony Walker

Buckingham Investments, Inc License #01908153 Listed on: 12/03/2019

Last Buyer's Agent

Vincent Cook

Kidder Mathews of California, Inc License #02012324

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,347 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Rectangular Lot

Parking

  • 5 Car Garage

Home Design

  • 4,352 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 23780
  • Assessor Parcel Number 4059020015

Community Details

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $6,998
  • Gardener Expense $960
  • Insurance Expense $1,895
  • Maintenance Expense $4,452
  • Pest Control $480
  • Professional Management Expense $4,452
  • New Taxes Expense $16,563
  • Operating Expense $35,800
  • Gross Income $91,800
  • Net Operating Income $53,246

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.00
  • Price Per Unit: 265000
  • Professional Management Expense: 4452.00
  • Property Attached: Yes
  • Zoning: GAR4
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 4059020015
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 304.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Rectangular Lot
  • Lot Size Sq Ft: 6347.00
  • Lot Size Acres: 0.1457

Multi Family

  • Electric Expense: 6998.00
  • Gross Income: 91800.00
  • Gross Multiplier: 14.43
  • Gross Operating Income: 89046.00
  • Gross Scheduled Income: 91800.00
  • Insurance Expense: 1895.00
  • Lot Size Area: 6347.0000 Square Feet
  • Maintenance Expense: 4452.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 53246.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 35800.00
  • Operating Expense Percent: 40.00
  • Rent Control: No
  • Total Expenses: 35800.00
  • Vacancy Allowance: 2754
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16563.00
  • Tax Census Tract: 6026.00
  • Tax Lot: 17
  • Tax Tract Number: 23780

Range of Values:

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Average Value
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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 Change Sq Ft Price
02/11/2020 02/11/20 Sold $1,325,000 0.0% $304 / Sq Ft
12/03/2019 12/03/19 For Sale $1,325,000 +29.3% $304 / Sq Ft
12/22/2017 12/22/17 Sold $1,025,000 -4.7% $236 / Sq Ft
09/14/2017 09/14/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $1,075,000 0.0% $247 / Sq Ft
08/24/2017 08/24/17 Pending -- -- --
08/18/2017 08/18/17 For Sale $1,075,000 0.0% $247 / Sq Ft
08/10/2017 08/10/17 Pending -- -- --
07/23/2017 07/23/17 For Sale $1,075,000 +4.9% $247 / Sq Ft
07/18/2017 07/18/17 Off Market $1,025,000 -- --
06/09/2017 06/09/17 For Sale $1,075,000 +4.9% $247 / Sq Ft
06/07/2017 06/07/17 Off Market $1,025,000 -- --
05/23/2017 05/23/17 Price Changed $1,075,000 -4.4% $247 / Sq Ft
05/06/2017 05/06/17 For Sale $1,125,000 +73.1% $259 / Sq Ft
01/28/2014 01/28/14 Sold $650,000 -3.7% $149 / Sq Ft
12/27/2013 12/27/13 Pending -- -- --
11/04/2013 11/04/13 For Sale $675,000 -- $155 / 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: SB19274982

California Regional Multiple Listing Service (CRMLS)