14715 Chadron Avenue, Gardena, CA 90249
  • MLS#: SB24204798 ( Commercial/Residential )
  • Street Address: 14715 Chadron Avenue
  • Viewed: 1
  • Price: $7,795,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 44
  • Additional Information
  • County: LOS ANGELES
  • City: Gardena
  • Zipcode: 90249
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Larson Larson
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 20480.00
Carport Spaces
  1. 32.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 42
Entry Location
  1. Front
Garage Spaces
  1. 0.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 19000.00
Laundry Features
  1. Common Area
  2. Dryer Included
  3. Washer Included
Laundry Income
  1. 3600.00
Lot Features
  1. Lot 20000-39999 Sqft
Netoperatingincome
  1. 483343.00
Number Of Separate Electric Meters
  1. 32
Number Of Separate Gas Meters
  1. 32
Otherincome1
  1. 24000.00
Otherincomedescription
  1. RUBS Reimbursement
Parcel Number
  1. 4071015018
Pool Features
  1. None
Postalcodeplus4
  1. 3526
Professionalmanagementexpense
  1. 30957.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 424339758:CRM
Totalactualrent
  1. 773928.00
Totalexpenses
  1. 251888.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 38696
Water Sewer Expense
  1. 52000.00
Water Source
  1. Public
Year Built
  1. 1959
Year Built Source
  1. Assessor
Zoning
  1. LCR3YY