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Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.
$ 7,795,000
Est. payment | /mo
20,480 SqFt
$ 7,795,000
Est. payment | /mo
20,480 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 20,480 sqft
Price per Sqft $380
MLS Listing ID CRSB24204798
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Heating Wall Furnace
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Building
Water Public
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745