18424 S Normandie Avenue

    Gardena, CA 90248
    • $8,700,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: SB20000211
    UPDATED: 86 min ago
    $8,700,000
    • 0
      BEDS
    • 0.78
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,886
      SQFT
    • $398
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    RARE SOUTH BAY 46 UNIT APARTMENT COMPLEX LOCATED IN THE GARDENA P.O. (CITY OF LOS ANGELES) ON A 33,919 SQUARE FOOT LOT. THE BUILDING IS APPROXIMATELY 21,886 SQ FT. THIS ASSET HAS SO MUCH POTENTIAL! RENTS ARE VERY LOW. UNIT MIX IS 3-STUDIO 1 BATH, 1-2 BEDROOM 1 BATH AND 42-1 BEDROOM 1 BATH. PROPERTY IS UNDER RENT STABILIZATION ORDINANCE (RSO) IN THE CITY OF LOS ANGELES AND UNDER RENT CONTROL. THE PROPERTY IS MASTER METERED FOR UTILITIES: WATER, ELECTRIC & GAS. THE TENANT ENJOYS RENT THAT INCLUDES THE UTIITIES. EACH UNIT HAS A PARKING SPACE. THE COMPLEX INCLUDES A SPARKLING GATED POOL, SEPARATE COMMON LAUNDRY ROOM AND WELL-LIT PARKING LOT IN THE BACK OF THE BUILDING. SECURITY COMPANY PATROLS THE PARKING LOT EVERY NIGHT. CLICK ON VIDEO SYMBOL TO SEE THE PROPERTY VIRTUAL TOUR. CURRENT RENT ROLL AND OPERATING INCOME & EXPENSES FOR 2018-part 2019 IS INCLUDED IN THE SUPPLEMENTAL SECTION.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-23T00:26:41.033. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

    www.steelecanyonrealty.com/homes/101977815

    18424 S Normandie Avenue Gardena, CA 90248

    • Price: $8,700,000
    • Status: Active
    • Updated: 86 min ago
    • ID#: SB20000211
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.78
    Acres
    21,886
    SQFT
    $398
    $/SQFT
    1963
    Built
    Neighborhood:
    120 - South Gardena
    County:
    Los Angeles
    Area:
    120 - South Gardena
    Property Description
    RARE SOUTH BAY 46 UNIT APARTMENT COMPLEX LOCATED IN THE GARDENA P.O. (CITY OF LOS ANGELES) ON A 33,919 SQUARE FOOT LOT. THE BUILDING IS APPROXIMATELY 21,886 SQ FT. THIS ASSET HAS SO MUCH POTENTIAL! RENTS ARE VERY LOW. UNIT MIX IS 3-STUDIO 1 BATH, 1-2 BEDROOM 1 BATH AND 42-1 BEDROOM 1 BATH. PROPERTY IS UNDER RENT STABILIZATION ORDINANCE (RSO) IN THE CITY OF LOS ANGELES AND UNDER RENT CONTROL. THE PROPERTY IS MASTER METERED FOR UTILITIES: WATER, ELECTRIC & GAS. THE TENANT ENJOYS RENT THAT INCLUDES THE UTIITIES. EACH UNIT HAS A PARKING SPACE. THE COMPLEX INCLUDES A SPARKLING GATED POOL, SEPARATE COMMON LAUNDRY ROOM AND WELL-LIT PARKING LOT IN THE BACK OF THE BUILDING. SECURITY COMPANY PATROLS THE PARKING LOT EVERY NIGHT. CLICK ON VIDEO SYMBOL TO SEE THE PROPERTY VIRTUAL TOUR. CURRENT RENT ROLL AND OPERATING INCOME & EXPENSES FOR 2018-part 2019 IS INCLUDED IN THE SUPPLEMENTAL SECTION.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features CommunityFencedIn Ground Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common AreaGas Dryer HookupWasher Hookup Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 23506.00 Elevation Units Feet Fuel Expense 12795.00 Gardener Expense 4000.00 Gross Income 48834.00 Gross Scheduled Income 48834.00 Insurance Expense 8135.00 Land Lease YN No Laundry YN Yes Licenses Expense 4105.00 Maintenance Expense 27230.00 Net Operating Income 15517.00 New Construction YN No New Taxes Expense 108750.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 33317.00 Pest Control Expense 1420.00 Pool Expense 2040.00 Professional Management Expense 41768.00 Property Sub Type Commercial/Residential Rent Control YN Yes Security Expense 10155.00 Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 16370.00 Tenant Pays Cable TvTelephone Total Expenses 297403.00 Trash Expense 6629.00 Vacancy Allowance Rate 5.00 Water Sewer Expense 26958.00 Water Source Public Workmans Compensation Expense 3542.00 Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Sharon Tsukamoto of West Shores Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-23T00:26:41.033. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

     
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