14715-14719 Chadron Ave Gardena, CA 90249

Property Details for 14715-14719 Chadron Ave

Year built

1959

Lot size

31,240.00 lot acres

Property size

20,480 SF

Property type

Apartment buildings

Description

This exceptional 32-unit apartment building in Gardena, California, presents a compelling investment opportunity. Situated on a substantial 31,240 square-foot lot, the property boasts two identical 16-unit buildings, each equipped with its own laundry room and recently installed 100-gallon water heaters. The units are evenly split between one-bedroom/one-bathroom and two-bedroom/one-bathroom configurations, all featuring recent renovations including new floors, kitchens, bathrooms, and stainless steel appliances. The property includes 32 covered parking spaces. Significant capital improvements have been implemented, encompassing copper plumbing upgrades, drought-resistant landscaping, electrical system enhancements, a modernized façade, and a secure gated perimeter. The property benefits from separate gas and electric meters for each unit, generating supplemental income streams of approximately $2,000 per month from RUBS reimbursements and an additional $300 per month from laundry facilities. The property's strong financial performance is reflected in its current NOI of $483,343, resulting in a cap rate exceeding 6.2%. Conveniently located near El Camino College and with easy freeway access, this stabilized asset offers a compelling combination of yield and growth potential in a desirable, up-and-coming area. The property's APN is 4071-015-018, and it is zoned LCR3YY. The total square footage is 20,480, with a price per square foot of $380 and a price per unit of $243,594. The asking price for this exceptional investment is $7,795,000. Built in 1959, this property offers a rare blend of established income and significant upside potential.

Location Insight

City

Gardena

County

Los Angeles

State

California

Longitude

-118.329

Latitude

33.8979