2917 West Rosecrans Avenue

Gardena, CA 90249

$1,422,000
Last Sold Price
6
Beds
6
Baths
4,133 Sq. Ft.
$344 / Sq. Ft.
4,133
Sq. Ft.
$344
per Sq. Ft.

Description

5-Unit apartment building located within the core of Gardena. Great unit mix of (1) 3 bed 2 bath, (1) 2 bed 1 bath, (3) 1 bed 1 bath, 5 enclosed garages (rented) and onsite laundry. Stabilized income stream with long term upside. Most major components of building have been modernized copper piping, upgraded electrical, pervious pavers, artificial landscape, dual pane windows, HVAC systems, fully enclosed property with gated entry and state of the art security camera system that can be viewed via...5-Unit apartment building located within the core of Gardena. Great unit mix of (1) 3 bed 2 bath, (1) 2 bed 1 bath, (3) 1 bed 1 bath, 5 enclosed garages (rented) and onsite laundry. Stabilized income stream with long term upside. Most major components of building have been modernized copper piping, upgraded electrical, pervious pavers, artificial landscape, dual pane windows, HVAC systems, fully enclosed property with gated entry and state of the art security camera system that can be viewed via app anytime. Existing landscape requires almost zero monthly maintenance. Laundry can be increased for additional income. Property is nearly turnkey for the most discriminating local or long distance investor. Additionally the existing annual scheduled rents are $111,036 and are collected via direct deposit allowing ease of ownership. Very attractive assumable financing at 3.9% fixed till 2022 with balance of ± $835,000.
  1. Listed by NATHAN DIONES • DRE #01767311 • Brokerage DRE #01920715 • REGIONCY REAL ESTATE

Property Details for 2917 West Rosecrans Avenue

Parking Spaces Total
5
Private Pool
No
Cooling Type
Central Forced Air
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4133
Assessor Parcel Number
4059-019-034

Location

Listing Courtesy of REGIONCY REAL ESTATE, NATHAN DIONES, DRE #01767311

Sold By Compass, Mark Leddy, DRE #01519607

Add your commute
LISTING UPDATED: 10/18/2021 11:53 AM

Property Details for 2917 West Rosecrans Avenue

StatusClosed
MLS #EV20176575
Days on Market287
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.14 AC / 6,303 SF
CountyLos Angeles County

Location

Listing Courtesy of REGIONCY REAL ESTATE, NATHAN DIONES, DRE #01767311

Sold By Compass, Mark Leddy, DRE #01519607

Add your commute

Building Information for 2917 West Rosecrans Avenue

Stories-Residences-Year Built1958Building Size-Lot Size0.14 AC / 6,303 SF

Payment Calculator

$7,760 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,760

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2917 West Rosecrans Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $480
  • Gross Scheduled Income: $111,036
  • Vacancy Allowance: 3331
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $107,705
  • Net Operating Income: $69,869
  • Number Of Rented Garages: 5
  • Garage Income: $450
  • Laundry Income: $30
  • Gross Multiplier: 14.36
  • Cap Rate: 4.38
  • Financing: Assumable
Expense Details
  • Operating Expense: $37,936
  • New Taxes Expense: $20,625
  • Gardener Expense: $600
  • Fuel Expense: $720
  • Electric Expense: $840
  • Insurance Expense: $1,500
  • Maintenance Expense: $3,053
  • Maintenance Percent: 3.00%
  • Professional Management Expense: $5,089
  • Trash Expense: $1,839
  • Water Sewer Expense: $2,520
  • Total Expenses: $37,836
Tax / Assessment Info
  • Tax Tract Number: 23780
  • Tax Census Tract: 6026.00
  • Tax Lot: 57
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate, Vinyl
Exterior Features
  • Roof: Composition
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Cul-De-Sac
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Sewer Assessments
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Garage - 1 Car, Garage - 2 Car
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage - Single Door, Garage - Two Door
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,850
  • Unit Type Total Rent: $2,850
  • Unit Type Pro Forma: 2895
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,407
  • Unit Type Total Rent: $4,223
  • Unit Type Pro Forma: 4785
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 2917 West Rosecrans Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2917 West Rosecrans Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Purche Avenue Elementary School
PublicK to 5

Animo Charter Middle No. 3
Charter6 to 8

Gardena Senior High School
Public9 to 12

Executive Preparatory Academy Of Finance
Charter9 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REGIONCY REAL ESTATE, NATHAN DIONES, DRE #01767311

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.