NOT LISTED FOR SALE

18450 S Normandie Ave Gardena, CA 90248

Harbor Gateway Neighborhood
1 Bed
2 Baths
6,348 Sq Ft
0.27 Acres

Last Sold July 03, 2014

Last sale price $1,500,000 $236 Per Sq Ft

223 Days on Market

About This Home

As of July 2014

PROPERTY JUST REDUCED BY $100,000! 18450 S. Normandie Avenue is a beautiful, "turn-key" 14 unit apartment building located in Gardena P.O. All units are individually metered (all electric building) and each has their own water heater, making the utility costs at this property comparatively very low. Each unit has its own on-site parking space and for the tenants’ convenience, there is also a laundry room on-site (leased). The property has been extensively re-habbed both inside and out. The list of exterior improvements includes: all new windows, brand-new roof, decking, paint, parking re-surfaced, landscaping and more. On the interiors, many units have been extensively renovated with laminate flooring, new dual-paned windows, cabinets, granite counter tops, custom paint, electric coverings, light fixtures, doors, kitchen appliances, bathroom mirrors, vanities, shower enclosures with some of the units having crown moldings. The property has close to 20% of upside on the existing rents.

Last Listed By

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 10/16/2013

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 14 Parking Spaces

Home Design

  • 6,348 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 25241
  • Assessor Parcel Number 6109006048

Community Details

Overview

  • 14 Units

Building Details

  • Rent Control
  • 15 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,248
  • Gardener Expense $2,400
  • Insurance Expense $2,995
  • Maintenance Expense $4,108
  • Other Expense $2,710
  • Professional Management Expense $6,565
  • Trash Expense $3,677
  • New Taxes Expense $21,527
  • Gross Income $11,757
  • Net Operating Income $90,319

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 5.66
  • Professional Management Expense: 6565.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 6109006048
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 236.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 14.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 3677.00

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11848.00
  • Lot Size Acres: 0.2720

Multi Family

  • Electric Expense: 3248.00
  • Gross Income: 11757.00
  • Gross Multiplier: 11.31
  • Gross Scheduled Income: 141084.00
  • Insurance Expense: 2995.00
  • Lot Size Area: 11848.0000 Square Feet
  • Maintenance Expense: 4108.00
  • Net Operating Income: 90319.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 46322.00
  • Other Expense: 2710.00
  • Rent Control: Yes
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 21527.00
  • Tax Lot: 3
  • Tax Tract Number: 25241

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2014 07/03/14 Sold $1,500,000 -11.5% $236 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
10/16/2013 10/16/13 For Sale $1,695,000 -- $267 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joshua Cohen

    Seller's Agent in 2014

    Joshua Cohen

    Keller Williams South Bay

    (310) 995-6847

    42 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13211788

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Gardena 90248 Harbor Gateway

18450 S Normandie Ave, Gardena, CA

Homes for Sale in Gardena, CA

This home is located at 18450 S Normandie Ave, Gardena, CA 90248 since 16 October 2013. This property was built in 1963. 18450 S Normandie Ave is a home located in Los Angeles County with nearby schools including One Hundred Eighty-Sixth Street Elementary School, Robert E. Peary Middle School, and Gardena Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information