32 Beds
n/a Full bath
20,480SqFt
Pending
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.
Property Details | ||
---|---|---|
Price | $7,795,000 | |
Bedrooms | 32 | |
Lot Size Area | 31248 | |
Lot Size Area Units | Square Feet | |
Acres | 0.7174 | |
Property Type | MultiFamily | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Commercial/Residential | |
Stories | 2 | |
Exterior Features | Curbs,Gutters,Sidewalks,Storm Drains | |
Year Built | 1959 | |
Heating | Wall Furnace | |
Lot Description | Lot 20000-39999 Sqft | |
Laundry Features | Common Area,Dryer Included,Washer Included | |
Pool features | None | |
Parking Spaces | 32 | |
Garage spaces | 0 | |
Geographic Data | ||
Directions | Chadron and W 147th in between Rosecrans and Marine | |
County | Los Angeles | |
Latitude | 33.897773 | |
Longitude | -118.329236 | |
Market Area | 111 - Bodger Park/El Camino | |
Address Information | ||
Address | 14715 Chadron Avenue, Gardena, CA 90249 | |
Postal Code | 90249 | |
City | Gardena | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Lyon Stahl Investment Real Estate, Inc. | |
Listing Agent | Larson Harley | |
Listing Agent Phone | 949-933-1112 | |
Attribution Contact | 949-933-1112 | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
Ownership | None | |
MLS Information | ||
Days on market | 58 | |
MLS Status | Pending | |
Listing Date | Oct 2, 2024 | |
Listing Last Modified | Jan 21, 2025 | |
Tax ID | 4071015018 | |
MLS Area | 111 - Bodger Park/El Camino | |
MLS # | SB24204798 |
This information is believed to be accurate, but without any warranty.