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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.

PROPERTY FEATURES

Sewer: Public Sewer Water Source: Public
Carport Spaces: 32.00 # of Parking Spaces: 32.00
Lot Features: Lot 20000-39999 Sqft
Number Of Buildings: 2 Parcel Identification Number: 4071015018
Heating: Has Heating Heating Type: Wall Furnace
Year Built Source: Assessor
Common Walls: 2+ Common Walls Laundry Features: Common Area,Dryer Included,Washer Included Laundry: Has Laundry
Zoning: LCR3YY MLSAreaMajor: 111 - Bodger Park/El Camino

PROPERTY DETAILS

Street Address: 14715 Chadron Avenue
City: Gardena
State: California
Postal Code: 90249
County: Los Angeles
MLS Number: SB24204798
Year Built: 1959
Courtesy of Lyon Stahl Investment Real Estate, Inc.

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