Turnkey 20-Unit Apartment
For Sale
$5,850,000
Pending
14015 S Budlong Avenue 7 Gardena, Gardena, CA 90247
Well-maintained, non-rent-controlled twenty-unit multifamily asset with partial renovations and updated unit features.
Property Size16,528 SF
Days on Market101
Property Features for 14015 S Budlong Avenue 7 Gardena
General Information
Standard status
Pending
Size
16,528 SF
Total Parking Spaces
31
Zoning
R-3
Net Operating Income
$301,832
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
20
Amenities
true
2
Electric Dryer Hookup,Gas Dryer Hookup
16-20 Units/Acre
Public
26832
31
0.616
Assessor
16528
4
Building Details
Building Size
16,528 SF
Year Built
1963
Buildings
4
Tenancy
Multi
Listed By:
Victor Serna-Delgado
(909) 328-1567
Source:
Rmarealty
Added: Jul 9
Changed: Oct 7
Last Checked: Oct 7 at 9:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Victor Serna-Delgado
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This turnkey twenty-unit apartment building offers a well-maintained residential income property in Gardena. The asset is described as non-rent controlled and includes an existing mix of updates across the units. According to the provided information, eight units have been completely renovated and include two wall AC units per unit, while twelve units have new windows, heaters, and security doors.
The building is located close to retail, office, restaurant, and grocery options along Rosecrans Ave and Vermont Ave. It is also described as being bordered by the 110 and 105 Freeways, providing transit access to nearby employment centers including Northrop Grumman, SpaceX, Hollywood Park Tomorrow, Raytheon, Los Angeles Airport, and a proposed new NFL stadium.
Broker and buyer are to verify all information.
The building is located close to retail, office, restaurant, and grocery options along Rosecrans Ave and Vermont Ave. It is also described as being bordered by the 110 and 105 Freeways, providing transit access to nearby employment centers including Northrop Grumman, SpaceX, Hollywood Park Tomorrow, Raytheon, Los Angeles Airport, and a proposed new NFL stadium.
Broker and buyer are to verify all information.
Key Highlights
- 20‑unit multifamily building in Gardena, CA, totaling 16,528 SF across 4 buildings
- Non‑rent‑controlled asset
- Two‑story building built in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$265,949
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,318,980
$5.3M
Cap Rate 7%
$3,799,271
$3.8M
Cap Rate 9%
$2,954,989
$3.0M
Market Conditions
NOI Build-Up for 16,528 SF
Gross rent
$525.6K $31.80/SF
− Vacancy
−$42.0K −$2.54/SF
EGI
$483.5K $29.26/SF
− OpEx
−$217.6K −$13.17/SF
NOI
$265.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,318,980
Cap Rate 7%
$3,799,271
Cap Rate 9%
$2,954,989
Alternative Uses
Best Use
Apartment 5plus
$3.80M
$3.32M – $4.43M
NOI $265,949 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.85M
$7.74M – $10.32M
NOI $619,432 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 90247, CA
48,543
Population
17,076
Households
2.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
12,774
Density / Sq Mi
$73,851
Median Household Income
$37,000
Median Earnings
$1,751
Median Rent
$640,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained, non-rent-controlled twenty-unit multifamily asset with partial renovations and updated unit features.
Where is this apartment building located?
The property is located at 14015 S Budlong Avenue 7 Gardena 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: 20‑unit multifamily building in Gardena, CA, totaling 16,528 SF across 4 buildings; Non‑rent‑controlled asset; Two‑story building built in 1963
