15505 S Budlong Pl Gardena, CA 90247
Property Features for 15505 S Budlong Pl
General Information
- Lot size
- 0.44 Acres
Building Details
- Year built
- 1959
Source: Shield CRE, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Gardena Multifamily Property with Remodeled Units
This multifamily property is located in a desirable area of Gardena, south of Redondo Beach Boulevard. The building features 13 units, consisting of ten 2-bedroom/1-bathroom units and eight 1-bedroom/1-bathroom units. All 13 units have been remodeled. Remodeled units include stainless steel kitchen appliances, granite counters, crown and base moldings, new doors, double-pane windows, light fixtures, and new closets. The building has a total area of 13,832 square feet and is situated on a large 19,336-square foot corner lot. Each unit includes a 1-car garage, with a total of 18 garages available. The property is gated and features intercom access. Residents can enjoy a pool and two on-site laundry facilities, which generate additional annual income. The property is not subject to L.A. City Rent Control, defaulting to AB 1482. The large lot and ample parking areas present an opportunity to add ADUs. The property is located in close proximity to Pacific Square Shopping Center, Gardena Market Place, SoFi Stadium, and Intuit Dome.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Gardena
- County
- Los Angeles
- State
- California
- Longitude
- -118.2957811
- Latitude
- 33.8902645
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Remodeled 13-unit apartment building in Gardena, large lot.
Where is this apartment building located?
The property is located at 15505 S Budlong Pl Gardena, CA.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: - High Income Potential: 5.61% Cap Rate & 11.15 GRM, with Pro-Forma Cap Rate of 6.61% & 9.95 Pro-Forma GRM.; - Remodeled Units: 13 Units Remodeled with Stainless Steel Kitchen Appliances, Granite Counters, Crown & Base Moldings, New Doors, Double-Pane Windows, Light Fixtures and New Closets.; - Development Opportunity: Large Lot & Ample Parking Areas Present Desirable Opportunity to Add ADUs.