14715-14719 Chadron Ave, Gardena

05-16-2023
05-31-2023

14715-14719 Chadron Ave, Gardena, CA 90249

-Trophy 32-Unit Building Consisting of (16) 2-Bed/1-Bath Units and
(16)    1-Bed/1-Bath Units
-Substantial Improvements to Major Systems: Copper Plumbing, Electrical Upgrades, New Water Heaters, Newer Roof
-Interior Has Been Fully Renovated: Laminate Flooring, Quartz Countertops, Stainless Steel Appliances, and New Bathrooms
-Current CAP: 4.81% | Current GRM: 12.13 | GSI: $729,492
-Two Laundry Rooms On-Site | 32 Covered Parking Spaces
-Located Less than a Mile from El Camino College with Convenient 105 & 405 Fwy Access

Property Description

The Harley Group at Lyon Stahl is pleased to present 14715-14719 Chadron Ave, Gardena. This turn-key asset consists of 32 units with (16) 2-bed/1-bath units and (16) 1-bed/1-bath units. Five units can be delivered vacant at closing (four 1-bedrooms and one 2-bedroom). All of the units have been renovated with new floors, kitchens, bathrooms, and stainless steel appliances. The building has extensive capital improvements including new landscaping, exterior renovations, copper plumbing, electrical upgrades, new water heaters, and a newer roof. There are two laundry rooms on-site generating additional monthly income, along with 32 covered parking spaces in the rear. Situated on a large 31,240 SF lot, the 20,480 SF building is currently operating at a 4.81% CAP rate based on actual 2022 and T12 financials. Located less than a mile from El Camino College with easy freeway access, this is an ideal opportunity for a yield-focused investor seeking growth, stability, and a hedge against inflation.

Key Property Information

Listing Status
Available
Multifamily Type
Garden Style
Price
$ 8,850,000
No. of Units
32
Cap Rate
4.81%
GRM / GIM
12.13
Year Built
1959
Building Size
20,480 Sq Ft
Lot Size
31,240 Sq Ft
No. of Stories
1
Zoning Code
R3
No. of Parking Spots
32
Opportunity Zone
No
Buy Side Fee
2%
Price Per Unit
$ 276,562

Financial Details

Income/Expense Info
Actual
Gross Income
$ 729,492
Effective Gross Income
$ 693,017
Operating Expenses
$ 267,455
Net Operating Income
$ 425,563
Pre-tax Cashflow
$ 93,916.97
View broker details
Sign in to use the inquiry form

33.89786, -118.329164