Gardena, CA 90247,14011 S Budlong Avenue
Listed by Josh Cohen • Keller Williams Beach Cities
Bought with Josh Cohen • Keller Williams Beach Cities

$7,050,000

$7,000,000

0.7%
Est.Price: ?

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Est. payment /mo

21,632 SqFt


SOLD DATE : 02/08/2022

Key Details

Sold Price $7,050,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 21,632 sqft

Price per Sqft $325

MLS Listing ID CRSB21251445

Sold Date 02/08/22

HOA Y/N No

Originating Board Datashare California Regional

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

Interior

Fireplace No

Laundry Other

Building

Water Public

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agent
Paul LeJoy

Broker-Owner | Lic# 01467744

+1(510) 299-0093

34906 Newark Blvd, Newark, CA

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