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$7,995,000

Est. payment - /mo

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20,480 SqFt

Active

14715 Chadron AVE Gardena, CA 90249

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/02/2024 11:38 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 20,480 sqft

Price per Sqft $390

MLS Listing ID SB24204798

HOA Y/N No

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% 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.

Location

State CA

County Los Angeles

Area 111 - Bodger Park/El Camino

Zoning LCR3YY

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Fireplace No

Appliance Dryer, Washer

Laundry Common Area

Exterior

Carport Spaces 32

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Sidewalks

Total Parking Spaces 32

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4071015018

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc. • 949-933-1112

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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