Bought with Larson Harley • Lyon Stahl Investment Real Estate, Inc.
$7,050,000
$8,000,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
20,480 SqFt
SOLD DATE : 09/06/2023
Key Details
Sold Price $7,050,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 20,480 sqft
Price per Sqft $344
MLS Listing ID CRSB23084338
Sold Date 09/06/23
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1959
Lot Size 0.717 Acres
Property Description
We are 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. One of the 1-bedroom units can be delivered vacant at closing. 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 5.42% CAP rate and 11 GRM 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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Building
Lot Description Other
Water Public
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