Non-Rent Controlled 20-Unit
7-14015 S Budlong Ave Gardena, CA 90247
For Sale
$5,850,000
Turnkey, non-rent controlled 20-unit apartment building with multiple recent unit upgrades and market rents.
Property Size16,528 SF
Price / SF$353.94
Days on Market742
Property Features for 7-14015 S Budlong Ave
General Information
- Standard status
- Active
- Size
- 16,528 SF
Listing Agency:
Cutting Edge Property Mngmt
1
Listed By:
Shirley Williams · License #01357952
1
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 21
Last Checked: Jul 25 at 2:20PM
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 Cutting Edge Property Mngmt
Investment Insights
Based on property information with market context.
CEPM presents a turnkey, non-rent controlled 20-unit apartment building totaling 16,528 square feet at 14015 S Budlong Ave in Gardena, California. The property has been well maintained by the owner and offers a mix of updates across the unit count.
As described, eight units have been completely renovated and include two wall AC units per unit. Twelve units have received new windows, heaters, and security doors.
The building is located near retail shops, office buildings, restaurants, and grocery stores along Rosecrans Ave and Vermont Ave. It is also bordered by the 110 and 105 Freeways, providing convenient transit to neighboring employment centers listed in the offering materials. Broker/buyer to verify all information.
As described, eight units have been completely renovated and include two wall AC units per unit. Twelve units have received new windows, heaters, and security doors.
The building is located near retail shops, office buildings, restaurants, and grocery stores along Rosecrans Ave and Vermont Ave. It is also bordered by the 110 and 105 Freeways, providing convenient transit to neighboring employment centers listed in the offering materials. Broker/buyer to verify all information.
Key Highlights
- 20‑unit apartment building totaling 16,528 SF at 14015 S Budlong Ave in Gardena, CA
- Non‑rent controlled (verify current rent control status with broker/buyer)
- 8 units renovated with 2 wall A/C units per unit
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $525.6k | $31.80 |
| − Vacancy | −$42.0k | −$2.54 |
| EGI | $483.5k | $29.26 |
| − OpEx | −$217.6k | −$13.17 |
| NOI | $265.9k | $16.09 |
16,528 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Turnkey, non-rent controlled 20-unit apartment building with multiple recent unit upgrades and market rents.
Where is this apartment building located?
The property is located at 7-14015 S Budlong Ave 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 apartment building totaling 16,528 SF at 14015 S Budlong Ave in Gardena, CA; Non‑rent controlled (verify current rent control status with broker/buyer); 8 units renovated with 2 wall A/C units per unit
