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15505 S Budlong Pl
Gardena, CA 90247 Gardena

$5,100,000 USD

Apartments For Sale  •  13,832 SF

Property Details

  • Property Type Apartments
  • Total Building Size 13,832 SF
  • Lot Size 0.44 AC
  • Building Class B
  • Year Built 1959
  • Cap Rate 5.61 %
  • Zoning GAR4
42 Transit Score
82 Walk Score

Highlights

Highly Desirable Gardena Location – South of Redondo Beach Boulevard | 13,832-SF Building on a Large 19,336-Square Foot Corner Lot
13 Units Remodeled w/ Kitchen Appliances, Granite Counters, Crown/Base Moldings, New Doors, Double-Pane Windows, Light Fixtures & New Closets
5.61% Cap Rate & 11.15 GRM | 6.61% Pro-Forma Cap Rate & 9.95 Pro-Forma GRM | Gated Building with Intercom Access | Pool & On-Site Laundry Facilities
Unit Mix of (10) 2-Bedroom/1-Bathroom Units & (8) 1-Bedroom/1-Bathroom Units | Total of 18 Garages - Each Unit Contains a 1-Car Garage
Large Lot & Ample Parking Areas Present Desirable Opportunity to Add ADUs | No L.A. City Rent Control - Defaults to AB 1482*
Close Proximity to Pacific Square Shopping Center, Gardena Market Place, SoFi Stadium & Intuit Dome

Financial Summary (Actual)

Net Operating Income: $285,878 USD (2024)
Cap Rate: 5.61 %
Total Expenses: $159,125 USD

Major Tenants

Tenant SF Occupied Lease End Date
15505 S Budlong Pl

Amenities

  • Laundry Facilities
  • Pool
  • Granite Countertops
  • Double Pane Windows
  • Intercom

Public Transportation

AirportDriveWalkDistance
Los Angeles International 17 min - 10.5 mi
Long Beach (Daugherty Field) 18 min - 11.8 mi
Bob Hope 38 min - 29.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: OneCarGarage
Included in Rent: Yes
Jonathan Nikfarjam 310-593-9868 Shield Commercial Real Estate
Jonathan Nikfarjam 310-593-9868 Shield Commercial Real Estate