NOT LISTED FOR SALE
11 Beds
10 Baths
6,861 Sq Ft
6,000 Sq Ft Lot

Last Sold June 22, 2017

Last sale price $1,010,000 $147 Per Sq Ft

66 Days on Market

About This Home

As of June 2017

Cap Rate at 4.80, a rare find in central Gardena. Rents are upside on this rent control area, with almost no vacancy. Great rental 10 units apartment for sale located in the beautiful City of Gardena. Easy access from freeway towards Vermont Ave, near Redondo Beach Blvd, Hospitals, Grocery Stores and Schools.. Rents are upside and have potential for more income. Easy parking space at the alley, it's zoned LAC2 and currently managed professionally by a company. Each unit is individually metered, both electric and gas. Compound and may be trash is shared by adjacent building, please verify. It has very low maintenance yard which is gated.

Last Agent to Sell the Property

Phillip Romero

Keller Williams South Bay License #00912910 Listed on: 01/31/2017

Keller Williams South Bay

Last Buyer's Agent

Zenaida Macapobre

Keller Williams South Bay License #01082663

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,000 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 6,861 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 2912
  • Assessor Parcel Number 6121007014

Community Details

Overview

  • 10 Units

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,100
  • Gardener Expense $600
  • Insurance Expense $2,000
  • Maintenance Expense $1,200
  • Pest Control $600
  • Professional Management Expense $4,080
  • Trash Expense $1,200
  • Water Sewer Expense $4,030
  • New Taxes Expense $17,500
  • Operating Expense $35,280
  • Gross Income $115
  • Net Operating Income $60,972

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.75
  • Professional Management Expense: 4080.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4030.00
  • Zoning: LAC2
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6121007014
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 147.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6000.00

Multi Family

  • Electric Expense: 2100.00
  • Garage Income: 115.00
  • Gross Income: 115.00
  • Gross Multiplier: 13.44
  • Gross Operating Income: 96252.00
  • Gross Scheduled Income: 96252.00
  • Insurance Expense: 2000.00
  • Maintenance Expense: 1200.00
  • Net Operating Income: 60972.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 35280.00
  • Rent Control: Yes
  • Total Expenses: 35280.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Census Tract: 2912.20
  • Tax Lot: 14
  • Tax Tract Number: 2912

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 List to Sale Price per Sq Ft
06/22/2017 06/22/17 Sold $1,010,000 -14.0% $147 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
04/03/2017 04/03/17 Price Changed $1,175,000 -1.7% $171 / Sq Ft
03/31/2017 03/31/17 Price Changed $1,195,000 -6.6% $174 / Sq Ft
03/17/2017 03/17/17 Price Changed $1,280,000 +0.4% $187 / Sq Ft
03/11/2017 03/11/17 Price Changed $1,275,000 -3.8% $186 / Sq Ft
03/01/2017 03/01/17 Price Changed $1,325,000 -10.2% $193 / Sq Ft
01/31/2017 01/31/17 For Sale $1,475,000 -- $215 / 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: SB17020697

California Regional Multiple Listing Service (CRMLS)