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14715 Chadron Avenue

Gardena, CA 90249

$7,995,000

List Price

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1959

calendar_month Built

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% CAP rate and is being offered for under $250,000/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% CAP rate, this is an excellent opportunity for a yield-focused investor seeking growth and stability in a gentrifying area.

Listing Information

List Price $7,995,000
Status Active
MLS SB24204798
Type Residential Income
Subtype Mixed Use
Year Built 1959
Lot Size 31,248
Structure Size N/A
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Larson Harley DRE#02045736

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
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Exterior Information

Maps

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Listing information courtesy of: Larson Harley, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 2nd, 2024 at 11:38 PM 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.