$7,050,000
$7,000,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
14011 S Budlong AVE Gardena, CA 90247
0.69 Acres Lot
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Josh Cohen • Keller Williams Beach Cities