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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
47087050
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Property Appliances: Dryer,Washer
Heating Source
- Wall Furnace
- Has Heating
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Exterior Features
Building Information
- Year Built: 1959
- Building Area Total: 20,480
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.7174
- Lot Size Source: Assessor
- Lot Size Square Feet: 31248
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Listing Information
Listing Price Information
- Original List Price: 7,795,000
- Listing Contract Date: 2024-10-02
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 4071015018
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 111 - Bodger Park/El Camino
- Postal Code Plus 4: 3526
- Directions: Chadron and W 147th in between Rosecrans and Marine
- Zoning: LCR3YY
- Source Property Type: Residential Income
- Area: 111 - Bodger Park/El Camino
- Property SubType: Mixed Use
Building and Construction
- Property Age: 65
- Common Walls: 2+ Common Walls
- Structure Type: Mixed Use
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Front
- Property Attached: Yes
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BuyOwner last updated this listing 11/23/2024 @ 23:22
- MLS: SB24204798
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 20,480 sqft, 31,248 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Gardena , in zip code 90249, this Los Angeles County Home are nearby neighborhoods.