$ 7,795,000
14715 Chadron AVE Gardena, CA 90249
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 7,795,000
Est. payment /mo
Price Dropped by $200K
14715 Chadron AVE Gardena, CA 90249
0.72 Acres Lot
UPDATED:
11/12/2024 01:17 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24204798
Originating Board California Regional MLS
Year Built 1959
Lot Size 0.717 Acres
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.
Location
State CA
County Los Angeles
Area 111 - Bodger Park/El Camino
Interior
Heating Wall Furnace
Laundry Laundry Area, Washer, Dryer
Exterior
Garage Spaces 32.0
Pool None
Building
Water District - Public
Others
Tax ID 4071015018
Special Listing Condition Not Applicable
© 2024 MLSListings Inc. All rights reserved.
Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.
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