14715 Chadron Avenue, Gardena, CA 90249
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Listed Price :
$7,795,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1959
Property Description
We are pleased to present 14715-14719 Chadron Ave, Gardena. This trophy 32-unit property consists of 50% 1-bedroom/1-bath units and 50% 2-bedroom/1-bath units with 32 covered parking spaces. Based on actual expenses, the property is operating over a 6.2% CAP rate and is being offered for under $245,000/Unit. There are two identical 16-unit buildings each with their own laundry room and new 100-gallon water heaters. Separately metered for gas and electricity, this stabilized asset generates an additional $2,000/month in RUBS reimbursement income along with $300/month in laundry income. The building has extensive capital improvements: copper plumbing, drought-resistant landscaping, electrical upgrades, modernized facade, and a gated perimeter. The interior of all units has been renovated with new floors, kitchens, bathrooms, and stainless steel appliances. Conveniently located in the South Bay, the subject property is less than a mile from El Camino College with easy freeway access. Offered at almost a 5% cash-on-cash return and over a 6.2% CAP rate, this is an excellent opportunity for a yield-focused investor seeking growth and stability in a gentrifying area.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
14715 Chadron Avenue |
| City |
Gardena |
| State |
CA |
| Zip |
90249 |
| County |
Los Angeles |
| Listing Agent |
Larson Harley DRE #02045736 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$7,795,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
31,248 |
| Year Built |
1959 |
Listing information courtesy of: Larson Harley, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 12th, 2024 at 2:10 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
