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Dilbeck Real Estate
Real Living
818-790-6774

18424 South Normandie Avenue, GARDENA CA, 90248

(Closed)
Sold Price:
$5,450,000
Date:03/06/2014
|
20,990 sqft
|
MLS# SB13212679
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Listing Provided Courtesy Of: Josh Cohen
Last Updated: 4/20/2014 1:40 AM
Description for 18424 South Normandie Avenue GARDENA, CA 90248
The Villa Normandie Apartments, located at 18424 South Normandie Avenue in Gardena P.O. (city of Los Angeles), is the type of beautiful "turn-key" South Bay asset that rarely hits the market. The 46 units consist of 42 one-bedroom/one bath units, one two-bedroom/one bath unit and three studio units. The property is master metered for utilities. Many tenants enjoy making one payment for both rent and utilities combined, which is another factor as to why this property enjoys a stable tenant base and strong rental collections. Each unit has its own on-site parking space, and for the tenants? convenience there is also a laundry room on-site (leased). Additionally, there is a sparkling re-done pool for the tenants to enjoy. There is also a cozy office for use by the on-site management, and an updated and convenient intercom security system for guests to the property. The property generates a very strong return from day one of ownership and can be financed with today?s historically low interest rates. Additionally, the property has over 10 percent of upside on the existing rents.
Price
Sold Price:
$5,450,000
Sold Date:03/06/2014
Los Angeles
20,990 (approx)
SB13212679
Closed
Description
The Villa Normandie Apartments, located at 18424 South Normandie Avenue in Gardena P.O. (city of Los Angeles), is the type of beautiful "turn-key" South Bay asset that rarely hits the market. The 46 units consist of 42 one-bedroom/one bath units, one two-bedroom/one bath unit and three studio units. The property is master metered for utilities. Many tenants enjoy making one payment for both rent and utilities combined, which is another factor as to why this property enjoys a stable tenant base and strong rental collections. Each unit has its own on-site parking space, and for the tenants? convenience there is also a laundry room on-site (leased). Additionally, there is a sparkling re-done pool for the tenants to enjoy. There is also a cozy office for use by the on-site management, and an updated and convenient intercom security system for guests to the property. The property generates a very strong return from day one of ownership and can be financed with today?s historically low interest rates. Additionally, the property has over 10 percent of upside on the existing rents.
Listing Information
Property Type: Multi-Family
33,846 Sq. Ft. Public Records 20,990 (approx)
$259.65 1963
Other
Unknown
46 Total
Neighborhood
Room Information
Exterior / Lot Features
Community Pool
Curbs-Walks
Financial Considerations
6109006052
Cash To New Loan
Income ,$198,281
535224.0000
Semi Annually
Listing Price History

GARDENA Real Estate

GARDENA is located in California. GARDENA, California 90248 has a population of  58,829.

The median household income in GARDENA, California 90248 is $47,892. The median household income for the surrounding county is $52,874 compared to the national median of $50,935. The median age of people living in GARDENA 90248 is 37.9 years.

Sales History
Tax Info
Listing Provided Courtesy Of: Josh Cohen Josh Cohen
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved.
Information is deemed reliable but is not guaranteed.

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