- N/A BR
- 0 BA
- N/A SqFt.
- 7,483 Lot
- $1,550,000
- Active
- DOM: 6
Description
Updated Set Up Sheet. Price Improvement. Seller financing available.
14900 Lemoli Ave., Gardena CA 90249 is a 16-unit apartment complex that benefits from a strong employment base as well as a nearby community college that helps provide constant demand for housing. The property consists of all large One Bedroom Units and is situated on an oversized 15,624 sq ft lot with plenty of parking. All utilities are paid by Landlord (Master Metered). Upside: Buyer may be able to institute RUBS on turnover(s). This asset is situated in zip code area of the City of Gardena, however, under it falls under the jurisdiction of LA County (not LA City).
Value Added: Rents are very low compared to Market! In addition to 4% annual increases, an investor can increase rents substantially on turn-over. Additionally, there is an office unit that has plumbing for a toilet and shower which may be able to be leased out as an office (Buyer to verify). An investor can also find upside with additional income from the laundry room, storage facilities onsite, and the ample parking area.
For investors looking for a value-added opportunity - this might be your deal! Some basic deferred maintenance makes this investment offering perfect for an investor that knows how to beautify a property and maximize rents in the process.
Priced competitively BELOW 10x GRM (9.97) and a potential 6.30% CAP, this asset potentially can possibly cash flow at the list price using reasonable estimated expenses!!
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Property Details for 14900 Lemoli Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- David Holstein
- Listing Brokered By
- The Holstein Group
- Type
- Residential Income, Apartment
- Year Built
- 1961 (Appraiser)
- MLS Area
- 111 - Bodger Park/El Camino
Price and MLS Information
- Status
- Active | Listing History
- MLS Days on Mkt.
- 107 DOM
- Combined DOM*
- 107
- First Date Active
- December 13th, 2023
- Current Price
- $2,995,000
- Orig. List Price
- $3,400,000
- MLS® #
- SB23225776
- APN
- 4071016001
- Special
- Standard
Room Information
- Laundry
- CommonArea
Exterior Information
- Lot Description
- 0-1 Unit/Acre
- Lot Size (sq. ft.)
- 15,627
- Lot Size (acres)
- 0.36
- Pool
- None
- Parking Spaces
- 16
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- LCR3YY
- Buyer's Brokerage Fee
- 2.000
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
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Neighborhood Information
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Listing/Price History
14900 Lemoli Avenue, Gardena, (MLS® #SB23225776)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $3,100,000) | $2,995,000 | $105,000 (3.39%) | |
| Active | – | – | |
| Pending (from Active) | – | – | |
| Price Reduced | $3,100,000 | $300,000 (8.82%) | |
| First Day Active | $3,400,000 | – |
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Listing Summary
Quick Summary of 14900 Lemoli Avenue: This home in Gardena is priced at $2,995,000 . The Apartment residence was originally built in 1961 and was listed on December 13th, 2023 at $3,400,000, showing 107 Days on Market currently. Contact Dave Fratello today for more information or to go see 14900 Lemoli Avenue.
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Recent Listings Similar to 14900 Lemoli Avenue, Gardena
Based on information from California Regional Multiple Listing Service, Inc. as of May 6th, 2024 at 2:50pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
