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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.

Features
: Wall Furnace
2
1
: Common Area, Dryer Included, Washer Included
0
: Curbs, Sidewalks, Storm Drains, Gutters
Additional Information
Lyon Stahl Investment Real Estate, Inc.
0
SBHARLLAR
sb1310620
Larson
4071015018
: Standard
25

Multi-Family For Sale

14715 Chadron Avenue, Gardena, California 90249

20,480 Sqft
$7,795,000
Listing ID #SB24204798
Basic Details
Status : Active
DaysOnMarket : 35
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SB24204798
Price : $7,795,000
Living Area : 20,480 Sqft
Lot Size : 31,248 Sqft
Year Built : 1959
Country : US
State : California
County : Los Angeles
City : Gardena
Zipcode : 90249
Price Per Square Foot : $381
ModificationTimestamp : 2024-11-06 10:04:40
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