Active

14715 Chadron AVE

GARDENA CA, 90249

$7,795,000


$380.62 per sqft

Active

3 Beds

2 Baths

20,480 sqft

Multi-family

Built in 1959

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.

SB24204798MR

MLS ID

October 2, 2024

Listed

November 12, 2024

Updated

Map

14715 Chadron AVE
GARDENA CA, 90249

Interior Features

Total Stories

2


Bedrooms

3


Total Bathrooms

2


Laundry Description

Dryer, Dryer Included, Laundry Area, Washer, Washer Included


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.72 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Bodger Park/El Camino Village


Days on Market

40


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

11/5/2024

Price change

$7,795,000

-3%

Listed by Larson Harley with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 949-933-1112 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Jagger Kroener shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/12/2024

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