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Key Details
Sold Price $7,050,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23084338
Sold Date 09/06/23
HOA Y/N No
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
Area 111 - Bodger Park/El Camino
Zoning LCR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Carport Spaces 32
Pool None
Community Features Sidewalks
Total Parking Spaces 32
Private Pool No
Building
Lot Description Landscaped
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4071015018
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Larson Harley • Lyon Stahl Investment Real Estate, Inc.