Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14015 S Budlong Ave, Unit 7 Gardena, CA 90247

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $5,850,000

    Twenty-unit apartment building in Gardena, near retail and transit.

    Lot size:
    0.62 Acres

    Property Features for 14015 S Budlong Ave

    General Information

    Property type
    Commercial
    Standard status
    Contract
    Lot size
    0.62 Acres

    Building Details

    Year built
    1963

    We can help!

    Listing Contact
    Shirley Williams
    Source: Elliman

    Listing Agent: Shirley Williams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Gardena Twenty-Unit Apartment Building

    Located at 14015 South Budlong Avenue in Gardena, California, this 16,528-square-foot apartment building features twenty units. The property is not subject to rent control and is situated near retail shops, office buildings, restaurants, and grocery stores along Rosecrans Avenue and Vermont Avenue. With access to the 110 and 105 Freeways, the location provides transit to employment centers such as Northrop Grumman, SpaceX, Hollywood Park Tomorrow, Raytheon, the Los Angeles Airport, and the proposed new NFL Stadium. The building is a turnkey asset and has been well maintained. Eight units have been completely renovated and include two wall AC units each. Twelve units feature new windows, heaters, and security doors. The property has market rents and potential for rental upside.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gardena
    County
    Los Angeles
    State
    California
    Longitude
    -118.2966325
    Latitude
    33.9042847

    Nearby Similar for Sale

    • New
      $638,000
      2,136 SF

      Industrial Property in Gardena Corridor

      Affordable industrial property with flexibility in the Gardena Carson corridor.
      505 E 154Th St, Gardena, CA 90248
      View Details
    • $999,999
      3,130 SF

      Gardena Triplex with Spacious Units

      Triplex in Gardena with spacious units, ideal for owner-occupants.
      840 W 167Th St, Gardena, CA 90247
      View Details
    • $300,000
      Pending

      Established Car Wash Business Opportunity

      Well-maintained car wash business with high visibility in Gardena, CA.
      13400 Crenshaw Blvd, Gardena, CA 90249
      View Details
    • New
      $759,000
      5,999.00 Acres

      Gardena Triplex: Income Potential

      Triplex in prime Gardena location with income and growth potential.
      640 W Redondo Beach Blvd, Gardena, CA 90247
      View Details
    • $265,000

      Gardena Auto Body Shop Opportunity

      Fully operational auto body shop with licenses in Gardena, CA.
      1143 W El Segundo Blvd, Gardena, CA 90247
      View Details
    • $1,390,000
      2,450 SF

      Turnkey Multifamily Property with Warehouse

      Remodeled 4-unit plus warehouse in Gardena, offering income and potential.
      15328 S San Pedro St, Gardena, CA 90248
      View Details
    • $1,999,999
      4,000 SF

      Gardena Apartment Building For Sale

      Apartment building in Gardena, CA. Subject to interior inspection.
      2112 W 157Th St, Gardena, CA 90249
      View Details
    • $2,250,000
      Pending

      Gardena Multifamily Investment Opportunity

      Multifamily property in Gardena, CA, featuring a desirable unit mix.
      16105 S Denker Ave, Gardena, CA 90247
      View Details
    • $1,499,000
      4,459 SF

      Well-Maintained Gardena Quadruplex For Sale

      Four-unit property in Gardena with redevelopment potential and convenient location.
      1040 W 165Th Pl, Gardena, CA 90247
      View Details
    • $1,499,000
      4,449 SF

      Well-Maintained Gardena Quadruplex For Sale

      Four-unit property in Gardena with redevelopment potential and convenient location.
      1040 W 165Th Pl, Gardena, CA 90247
      View Details
    • $1,099,000
      1,981 SF

      Gardena Triplex with Income Potential

      Triplex in Central Gardena with upside in rents.
      1616 W Gardena Blvd, Gardena, CA 90247
      View Details
    • $1,250,000
      1,508 SF

      Established Tire Shop on Commercial Lot

      Operating tire shop on a prime commercial lot for sale.
      15105 S Normandie Ave, Gardena, CA 90247
      View Details

    FAQs

    What type of property is this?
    Apartment building - Twenty-unit apartment building in Gardena, near retail and transit.
    Where is this apartment building located?
    The property is located at 14015 S Budlong Ave, Unit 7 Gardena, CA.
    What is the asking price?
    The asking price for this property is $5,850,000.
    What are key features of this property?
    This property features: - Twenty-unit apartment building in Gardena, CA; - Non-rent controlled asset; - Eight units completely renovated with two wall AC units each; twelve units have new windows, heaters, and security doors
    (714) 974-5302
    Request Owner's contact information
    14015 S Budlong Ave, Unit 7 Gardena, CA 90247
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14015 S Budlong Ave, Unit 7
    Gardena, CA 90247
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14015 S Budlong Ave, Unit 7 Gardena, CA 90247
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shirley Williams
    (714) 974-5302 (714) 956-2044
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!