Gardena, CA 90249,14715 Chadron Avenue
Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.
Bought with Kal Ibrahim • SoCal Coastal Properties
$7,400,000
$7,795,000
5.1%
Est.Price: ?

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20,480 SqFt

14715 Chadron Avenue Gardena, CA 90249

Est. payment /mo
SOLD DATE : 04/17/2025

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Key Details

Sold Price $7,400,000

Property Type Commercial Sale

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 20,480 sqft

Price per Sqft $361

MLS Listing ID CRSB24204798

Year Built 1959

Lot Size 0.717 Acres

Property Sub-Type Other

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

Laundry Dryer, Washer, Other

Building

Water Public

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Bay East Association of Realtors

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Peter Cheung

Peter Cheung

Realtor | CA BRE#: 02070039

+1(510) 387-3876

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