14900 Chadron Ave Gardena, CA 90249-3538

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.