Gardena, CA 90249,14715 Chadron Avenue
Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.
Bought with Larson Harley • Lyon Stahl Investment Real Estate, Inc.

$7,050,000

$8,000,000

11.9%
Est.Price: ?

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Est. payment /mo

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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agent
Paul LeJoy

Broker-Owner | Lic# 01467744

+1(510) 299-0093

34906 Newark Blvd, Newark, CA

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