Gardena, CA 90247,14011 S Budlong AVE
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Gardena, CA 90247,14011 S Budlong AVE
Gardena, CA 90247,14011 S Budlong AVE
Gardena, CA 90247,14011 S Budlong AVE
Gardena, CA 90247,14011 S Budlong AVE

$7,050,000

Est. payment /mo

$7,000,000

0.7%
Est.Price: ?

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14011 S Budlong AVE Gardena, CA 90247

0.69 Acres Lot

SOLD DATE : 02/08/2022

Key Details

Sold Price $7,050,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB21251445

Sold Date 02/08/22

HOA Y/N No

Year Built 1988

Lot Size 0.687 Acres

Property Description

14011 South Budlong Avenue is an outstanding 20-unit property on the market for the first time in about 16 years, and has been meticulously maintained by current ownership. This investment would be a terrific addition to any investors portfolio with projected rental upside of about 25% +/- !The property sits on a very large 30,000 square foot lot, and is split into two large buildings totaling almost a combined 22,000 square feet! The grounds feature a laundry room (leased), gated parking for 44 spots, and features a great unit mix of Eight 3 Bedroom units and Twelve 2 Bedroom units. The units themselves are spacious and laid out well, including individual water heaters and balconies. The unit are all individually metered, helping to reduce an owner's utility costs. The City of Gardena is known as a very strong and stable rental market, and investment interest has recently been booming, along with the City's neighbors of Hawthorne and Inglewood.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning GAR3

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Controlled Entrance, Covered

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6115012029

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

Lease Land No

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California Regional MLS (CRMLS)
Listed by Josh Cohen • Keller Williams Beach Cities
Bought with Josh Cohen • Keller Williams Beach Cities

Tari Haberfield

Agent | SCKELLWILL01918524

+1(805) 234-6882

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