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    16204 S Orchard Avenue

    Gardena, CA 90247
    • $910,000
    • STATUS: Active
    • ON SITE: 63 days
    • ID#: SB20177816
    UPDATED: 164 min ago
    $910,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,738
      SQFT
    • $332
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    This property is good for Residential or commercial use. *COVID-19. 1. LA City PCR test, . 2. Kitchen use with assigned cooking time zone for all tenants for breakfast, lunch, dinner cocking time to avoid the social distancing. *Seller Carry, up to $200K, 3.50% 30 year amortization loan with 3 year balloon payment! *All 8 bedrooms are "Room share Renting" situation! Amazing cap rate: 7.97%! (You may have the Rent Roll & Cap Rate sheets upon your request). *Great income property in Gardena! *Remodeling completed with building Permit (#180-10001-34463) from City of Los Angeles! *With 8 bedrooms + 5 bathrooms + Dinning & living rooms + 12 parking spaces + 7 refrigerators + 2 sets of washers & dryers in Laundry room + Solar system with 14 panels + 10,408 sqft (Huge size lot!). *A very good news!! We have 3 way options for management & investment! Option 1, we make 9th bedroom/sink, bathroom & Wet Bar (rent,1,350). Seller is ready to get the building permit! Construction cost will be 28,000! Cap rate, Amazing, 9.81%. Option 2, we make 9th bedroom/sink, bathroom & Wet Bar (rent,750), this room to be lived with on-site manager. Cap rate, 8.88%. Option 3, we make 9th bedroom/sink, bathroom & Wet Bar (rent,1,350). And you can hire an experienced person or this seller as an experienced manager.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T00:32:35.807. 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 Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/109485566
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    16204 S Orchard Avenue Gardena, CA 90247

    • Price: $910,000
    • Status: Active
    • Updated: 164 min ago
    • ID#: SB20177816
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    2,738
    SQFT
    $332
    $/SQFT
    1958
    Built
    Neighborhood:
    116 - North Gateway
    County:
    Los Angeles
    Area:
    116 - North Gateway
    Property Description
    This property is good for Residential or commercial use. *COVID-19. 1. LA City PCR test, . 2. Kitchen use with assigned cooking time zone for all tenants for breakfast, lunch, dinner cocking time to avoid the social distancing. *Seller Carry, up to $200K, 3.50% 30 year amortization loan with 3 year balloon payment! *All 8 bedrooms are "Room share Renting" situation! Amazing cap rate: 7.97%! (You may have the Rent Roll & Cap Rate sheets upon your request). *Great income property in Gardena! *Remodeling completed with building Permit (#180-10001-34463) from City of Los Angeles! *With 8 bedrooms + 5 bathrooms + Dinning & living rooms + 12 parking spaces + 7 refrigerators + 2 sets of washers & dryers in Laundry room + Solar system with 14 panels + 10,408 sqft (Huge size lot!). *A very good news!! We have 3 way options for management & investment! Option 1, we make 9th bedroom/sink, bathroom & Wet Bar (rent,1,350). Seller is ready to get the building permit! Construction cost will be 28,000! Cap rate, Amazing, 9.81%. Option 2, we make 9th bedroom/sink, bathroom & Wet Bar (rent,750), this room to be lived with on-site manager. Cap rate, 8.88%. Option 3, we make 9th bedroom/sink, bathroom & Wet Bar (rent,1,350). And you can hire an experienced person or this seller as an experienced manager.
    Exterior Features

    Garage Spaces 2.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 10.00

    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 No Common Walls Heating Central Heating YN Yes Laundry Features In Closet Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cable Tv Expense 90.00 Community Features Curbs Country Us Electric Expense 150.00 Elevation Units Feet Fuel Expense 156.00 Gardener Expense 60.00 Gross Income 93360.00 Gross Scheduled Income 93360.00 Insurance Expense 66.00 Laundry YN Yes Net Operating Income 72528.00 New Construction YN No New Taxes Expense 758.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 20832.00 Other Expense 306.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 1736.00 Trash Expense 50.00 Water Sewer Expense 100.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Kikuo Takahashi of Kasumi Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T00:32:35.807. 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 Keller Williams Realty. Licensed in the State of California, USA.

     
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