14715 Chadron Avenue
Gardena, CA, 90249
$7,795,000
Beds
0 Baths
SqFt
0.72 Acres
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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
MLS #:
SB24204798
Status:
Pending
Baths:
0
Address:
14715 Chadron Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
111bodgerparkelcamino
City:
Gardena
Listed Date:
Oct 2, 2024
State:
CA
ZIP:
90249
Lot Size:
31,248 sqft / 0.72 acres (approx)
Year Built:
1959
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Lot Features
Lot 20000-39999 Sqft
Parking Spots
32.00
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None
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Stories Total
2
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14715 Chadron Avenue
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