14900 Lemoli Avenue
14900 Lemoli Avenue
Description
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)....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!
- Listed by David Holstein • DRE #01210777 • Brokerage DRE #01210777 • The Holstein Group • 310-345-9994
Property Details for 14900 Lemoli Avenue
Location
Property Details for 14900 Lemoli Avenue
| Status | Active |
|---|---|
| MLS # | SB23225776 |
| Days on Market | 103 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1961 |
| County | Los Angeles County |
Location
Building Information for 14900 Lemoli Avenue
Payment Calculator
$19,425 per month
30 year fixed, 7.25% Interest
$16,345
$3,080
$0
Property Information for 14900 Lemoli Avenue
- Gross Income: $0
- Gross Scheduled Income: $300,504
- Vacancy Allowance: 3005
- Vacancy Allowance Rate: 1
- Net Operating Income: $187,188
- Laundry Income: $350
- Gross Multiplier: 9.97
- Cap Rate: 6.3
- Operating Expense: $109,335
- Operating Expense Percent: 36.38%
- New Taxes Expense: $35,000
- Fuel Expense: $13,171
- Licenses Expense: $1,500
- Pest Control Expense: $1,500
- Pool Expense: $0
- Electric Expense: $7,296
- Insurance Expense: $7,500
- Maintenance Expense: $13,600
- Maintenance Percent: 4.53%
- Professional Management Expense: $13,400
- Trash Expense: $3,985
- Water Sewer Expense: $10,283
- Supplies Expense: $2,000
- Total Expenses: $109,335
- Tax Tract Number: 993
- Tax Census Tract: 6037.06
- CFD/Mello-Roos Fee: $1
- Tax Lot: 143
- Community Features: Biking, Sidewalks, Storm Drains, Street Lights
- Laundry: Yes
- Laundry Features: Community
- Laundry Equipment Own Lease: Lease
- Entry Location: resi
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 16
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 16
- Open Other Spaces Total: 16
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 16
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,482
- Unit Type Total Rent: $23,717
- Unit Type Pro Forma: 28720
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Pro Forma: 900
- Unit Type Type: 2
- Number Of Units Leased: 16
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 1
- Number Of Separate Gas Meters: 1
- Number Of Separate Water Meters: 1
Property History for 14900 Lemoli Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 14900 Lemoli Avenue
Schools near 14900 Lemoli Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
F. D. Roosevelt Elementary School PublicK to 5 | ||
Will Rogers Middle School Public6 to 8 | ||
Lawndale High School Public9 to 12 | ||
Leuzinger High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of The Holstein Group, David Holstein, DRE #01210777
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.