$14,885,000
$895K PRICE DROP

Estimated payment $99,055/month

Total Views 8,302
3 Beds
3 Baths
44,692 Sq Ft
$333 Price per Sq Ft

Highlights

  • In Ground Pool
  • No HOA
  • Heating Available
  • 1.24 Acre Lot

About This Home

The subject property is a 95 unit apartment complex located in the City of Los Angeles (Gardena Post Office). The property has secured gated parking for 85 vehicles. The unit mix consists of a 2 bedroom 1 bath manager's unit, 57 1 bedroom 1 bath units, and 37 Singles. This is an all electric building, and the building is master metered. The amenities include a large courtyard with a swimming pool, a workout room equipped with various equipment, and laundry facilities onsite. The property has gone through renovation of many of the units and the exterior was painted in 2026. Many of the rents have upside potential, with a majority of the unit rents at market due to the strong demand in the area for apartment rentals. Gardena is centrally located in the South Bay submarket of Los Angeles, with many employers in the area due to its proximity to the Ports of Los Angeles and Long Beach. Rosecrans Apartments has convenient access to downtown Los Angeles and Long Beach via the 110 and 405 Freeways as well as the 105 Freeway. FULL OFFERING MEMORANDUM AND RENT ROLL ARE ATTACHED AS SUPPLEMENTAL ATTACHMENTS

Listing Agent

Stephen Lampe

Re/Max Commercial & Investment Brokerage Email: slampe@remaxcir.com License #01164364 Listed on: 05/29/2026

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1966

Lot Details

  • 1.24 Acre Lot
  • No Common Walls

Home Design

  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 44,692 Sq Ft Home
  • 3-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 85 Open Parking Spaces
  • 85 Parking Spaces
  • Automatic Gate

Additional Features

  • In Ground Pool
  • Urban Location
  • Heating Available

Listing and Financial Details

  • Tax Lot 016
  • Tax Tract Number 1350
  • Assessor Parcel Number 6119015016
  • $21,000 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 95 Units

Amenities

  • Laundry Facilities

Building Details

  • 93 Leased Units
  • Rent Control
  • Electric Expense $105,000
  • Gardener Expense $4,990
  • Insurance Expense $65,164
  • Other Expense $159,950
  • Professional Management Expense $75,343
  • Trash Expense $29,853
  • Water Sewer Expense $100,736
  • New Taxes Expense $196,307
  • Operating Expense $662,000
  • Gross Income $1,617,972
  • Net Operating Income $924,366

Property Details

Home Type

Apartment

Year Built

Built in 1966

Lot Details

1.24 Acres

Listing Details

  • CapRate: 6.21
  • Professional Management Expense: 75343.00
  • Property Attached: No
  • Security: Automatic Gate
  • Water Sewer Expenses: 100736.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 4990.00
  • Parcel Number: 6119015016
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 333.06

Exterior Features

  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Construction Materials: Stucco, Block

Garage/Parking

  • Total Parking Spaces: 85.00
  • Uncovered Spaces: 85.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 29853.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 53990.00
  • Lot Size Acres: 1.2394

Multi Family

  • Electric Expense: 105000.00
  • Garage Income: 2604.00
  • Gross Income: 1617972.00
  • Gross Multiplier: 9.19
  • Gross Operating Income: 1586366.00
  • Gross Scheduled Income: 1617972.00
  • Insurance Expense: 65164.00
  • Laundry Income: 9192.00
  • Lot Size Area: 53990.0000 Square Feet
  • Net Operating Income: 924366.00
  • Number Of Units Leased: 93
  • Number Of Units Total: 95
  • Number With Disposal: 95
  • Number With Range: 95
  • Number With Refrigerator: 95
  • Operating Expense: 662000.00
  • Other Expense: 159950.00
  • Other Income1: 5268.00
  • Other Income2: 20592.00
  • Rent Control: Yes
  • Total Actual Rent: 131693.00
  • Total Expenses: 662000.00

Tax Info

  • New Taxes Expense: 196307.00
  • Tax Lot: 016
  • Tax Rate: 1.18
  • Tax Tract Number: 1350
  • TaxOtherAnnualAssessmentAmount: 21000.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $218,226 $16,804,758 $7,062,869 $9,741,889
2024 $215,487 $16,475,254 $6,924,382 $9,550,872
2023 $211,335 $16,152,210 $6,788,610 $9,363,600
2022 $201,887 $15,835,500 $6,655,500 $9,180,000
2021 $155,682 $11,821,212 $5,051,800 $6,769,412
2020 $157,136 $11,713,500 $5,000,000 $6,713,500
2019 $71,702 $4,714,837 $1,324,315 $3,390,522
2018 $70,483 $4,622,655 $1,298,349 $3,324,306
2016 $66,937 $4,430,179 $1,247,934 $3,182,245
2015 $65,919 $4,363,634 $1,229,189 $3,134,445
2014 $66,403 $4,278,157 $1,205,111 $3,073,046
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/01/2026 07/01/26 Price Changed $1,425 0.0% $4 / Sq Ft
06/18/2026 06/18/26 Price Changed $14,885,000 0.0% $333 / Sq Ft
06/11/2026 06/11/26 Price Changed $1,650 0.0% $4 / Sq Ft
05/29/2026 05/29/26 For Sale $15,780,000 0.0% $353 / Sq Ft
05/16/2026 05/16/26 Price Changed $1,425 -13.6% $4 / Sq Ft
05/15/2026 05/15/26 Price Changed $1,650 +15.8% $4 / Sq Ft
04/22/2026 04/22/26 Price Changed $1,425 -4.7% $4 / Sq Ft
04/21/2026 04/21/26 Price Changed $1,495 -9.4% $4 / Sq Ft
04/02/2026 04/02/26 Price Changed $1,650 +15.8% $4 / Sq Ft
01/21/2026 01/21/26 Price Changed $1,425 -13.6% $4 / Sq Ft
01/21/2026 01/21/26 Price Changed $1,650 +14.2% $4 / Sq Ft
12/02/2025 12/02/25 Price Changed $1,445 -12.4% $4 / Sq Ft
12/02/2025 12/02/25 Price Changed $1,650 +65.0% $4 / Sq Ft
12/01/2025 12/01/25 For Rent $1,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $15,525,000 North American Title
Grant Deed $11,700,000 North American Title Company
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Grant Deed $3,550,000 North American Title Co
Grant Deed -- North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $10,645,000 Commercial
Previous Owner $8,330,000 Commercial
Previous Owner $2,500,000 Commercial
Previous Owner $5,200,000 Seller Take Back
Previous Owner $4,500,000 Negative Amortization
Previous Owner $2,000,000 Commercial
Previous Owner $2,662,500 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26113877

California Regional Multiple Listing Service (CRMLS)
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