14900 Chadron AveGardena, CA 90249

Property Details for 14900 Chadron Ave

Year built

1946

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

7,460 SF

Zone code

LCR3YY

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

4071-017-001

APU

4071017001

Description

This exceptional investment opportunity presents a well-maintained, 8-unit apartment building situated on a substantial 13,390 square foot lot in Gardena, California. The property, encompassing 7,460 square feet, consists of two, two-story buildings constructed in 1946, offering eight spacious two-bedroom units, each approximately 933 square feet. The property boasts a current NOI of $125,801, translating to a 6.71% cap rate and a pro-forma NOI of $146,113, representing a pro-forma cap rate of 7.79%. The asking price is $1,875,000, or $234,375 per unit, and the price per square foot is $251.34. Twelve covered parking spaces are available for residents. Individual units are separately metered for gas and electricity, while water is master-metered. The property features a recently replaced roof on the front building and partially updated copper plumbing. Located in Los Angeles County, the property is subject to local rent control regulations. The LCR3YY zoning permits the potential addition of two Accessory Dwelling Units (ADUs), subject to buyer verification. This property offers a compelling combination of strong cash flow, value-add potential, and significant upside through rental increases and ADU development, making it an attractive investment in a high-demand South Bay location. The property's address is 14900-14902 Chadron Ave, Gardena, CA 90249, APN 4071-017-001.

• CAP approach

  CAP return

  Valuation

  6%

  $2,940,221

  6.5%

  $2,714,050

  7%

  $2,520,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,789,690

  Geo Method

  $2,789,690

• Alternative Use

  Use

  Valuation

  Residential

  $2,714,050

  Hospitality

  $2,486,056

  Educational

  $2,068,369

  Medical

  $2,139,504

  Retail

  $3,217,463

Location Insight

City

Gardena

County

Los Angeles

State

California

Latitude

33.8964

Longitude

-118.328

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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