15530 S Budlong Pl, Gardena, CA 90247

15530 S Budlong Pl, Gardena, CA 90247

Gardena, CA
$1,972,000

Property Description

15530 Budlong Pl is a well-positioned 6-Unit building Central Gardena. Built in 1962, the 5,771 SF building sits on a 7,247 SF lot, and features (1) 3-Bed/1.5-Bath, (3) 2-Bed/1.5-Bath, and (2) 1-Bed/1-Bath units. Currently sitting at a 3.28% cap rate, there is incredible upside potential of a 5.06% pro forma cap rate. Given the ideal location in a high-growth city and consistent income of over $9,850/mo, this is a great opportunity to own a quality asset for any Los Angeles CRE investor.

Property Features

  • Sale Price: $1,972,000
  • Area Size: 5,771 SF
  • Year Built: 1962
  • Listing Date: March 4, 2022
  • Closing Date: April 18, 2022
  • Units: 6
  • Current GRM: 16.07
  • Current Cap Rate: 3.28%
  • Market GRM: 12.52
  • Market Cap Rate: 5.06%

Lyon Stahl Investment Real Estate

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