Homes for sale - 14715 Chadron AVE, Gardena, CA 90249

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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 7,795,000

Est. payment -/mo

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Price Dropped by $200K

14715 Chadron AVE Gardena, CA 90249

20,480 SqFt

UPDATED:

11/12/2024 01:10 AM

Key Details

Property Type Commercial

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 20,480 sqft

Price per Sqft $380

MLS Listing ID SB24204798

HOA Y/N No

Year Built 1959

Lot Size 0.717 Acres

Acres 0.7174

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

Zoning LCR3YY

Interior

Heating Wall Furnace

Laundry Common Area, Dryer Included, Washer Included

Exterior

Pool None

Community Features Curbs, Gutters, Sidewalks, Storm Drains

Private Pool No

Building

Lot Description Lot 20000-39999 Sqft

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

TERMS Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS 1 (Inquiries) - Please review the OM in the supplemental section before contacting agent. 2 (Location) - Subject property is located in Unincorporated LA County with a Gardena mailing address. 3 (Tenants) - All units are tenant occupied. 4 (Closing) - Closing must occur after January 24, 2025. 5 (Disclaimer) - Buyer to independently verify all property improvements, square footage, income, and expenses.

SHOW CONTACT TYPE None

SHOW INSTRUCTIONS Please submit offers subject to interior inspection with Proof of Funds and lender Pre-Approval if applicable.

Listed by Lyon Stahl Investment Real Estate, Inc.

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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