14715-14719 Chadron Ave - Apartments FOR SALE


Gardena, CA 90249
$7,795,000 USD
949-933-1112
14715-14719 Chadron Ave, Gardena, CA for Sale
$7,795,000 USD
Apartments - FOR SALE
1/18
null | 6.2% Cap Rate

14715-14719 Chadron Ave
Gardena, CA 90249


HIGHLIGHTS

  • Stabilized Asset Operating Over a 6% CAP Rate | 10 GRM
  • (16) 2-Bed/1-Bath Units & (16) 1-Bed/1-Bath Units | Under $250k/Unit
  • Copper Plumbing, Electrical Upgrades, New Water Heaters, Well-Maintained Roof
  • Interior Renovations: New Floors, Kitchens, Bathrooms, and Stainless Steel Appliances
  • Situated on a Large 31,240 Sq Ft Lot | 32 Covered Parking Spaces in Rear
  • Approx. $2,000/Month in RUBS Income and $300/Month in Laundry Income

OVERVIEW

The Harley Group at Lyon Stahl is 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. **Close of escrow must occur after January 24th, 2025**

FOR SALE DETAILS

PRICE

$7,795,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

32

PRICE/UNIT

$243,594

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chadron Twins

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,240 SF

ZONING

LCR3YY

APN/PARCEL ID

4071-015-018

ASK ABOUT THIS PROPERTY

Larson HarleyLyon Stahl Investment Real EstateMore Info
949-933-1112

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Larson HarleyLyon Stahl Investment Real EstateMore Info
949-933-1112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.