Pending
14715 Chadron Avenue
Gardena CA, 90249
$7,795,000
$380.62 per sqft
Pending
20,480 sqft
Multi-family
Built in 1959
Listed by Larson Harley with Lyon Stahl Investment Real Estate, Inc. 949-933-1112
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.
SB24204798
MLSⓇ ID
October 2, 2024
Listed
December 13, 2024
Updated
Map
14715 Chadron Avenue
Gardena CA, 90249
Interior Features
Total Stories
2
Appliances
Dryer, Washer
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.72 Acres
Sewer
Public Sewer
Other Property Details
Area Name
111 - Bodger Park/El Camino
Days on Market
58
Garage
No
Parking Total
32
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LCR3YY
Listing History
Date | Event | Price |
|---|---|---|
11/29/2024 | Pending | — |
11/5/2024 | Price change | $7,795,000 -3% |
Listing Contact: 310-425-9838
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Data last updated on 12/13/2024 at 8:36 PM UTC