$346,000
$362,100
4.4%For more information regarding the value of a property, please contact us for a free consultation.
Address not disclosed Gardena, CA 90247
3,400 SqFt
Key Details
Sold Price $346,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $101
MLS Listing ID CC317312
Sold Date 03/01/12
HOA Y/N No
Year Built 1955
Lot Size 0.298 Acres
Acres 0.298
Property Description
The property consists of a single retail building plus 2 houses all rented. All the units have been redone on the exterior with new stucco, new windows and foam trims around windows. The interiors have also been redone including paint, carpet, fixtures, flooring and washer dryer hook-ups. The tenants pay all utilities along with gardening. The income and expense figures listed are the actual expenses except for maintenance which is actually lower than listed because of the rehabbed condition. Based on the actual expenses and the new property taxes the property yields an 9.03% cap rate. To be sold with the adjoining parcel which also has 2 houses on it. Price is based on a 9.03% cap rate on both properties. Since July 2011 this cap beats 12 of the 14 sold and pending similar listings.. Comments Title: Retail building with 4 houses.
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Interior
Fireplace No
Building
Lot Description Flat
Story 1
Others
Tax ID 6105019005
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Bought with Charles Rim • UPI, Inc.