14715 Chadron Avenue

Gardena, CA 90249

$7,795,000
Price
3
Beds
32
Baths
20,480 Sq. Ft.
$381 / Sq. Ft.
20,480
Sq. Ft.
$381
per Sq. Ft.

Description

We are pleased to present 14715-14719 Chadron Ave, Gardena. This trophy 32-unit property consists of 50% 1-bedroom/1-bath units and 50% 2-bedroom/1-bath units with 32 covered parking spaces. Based on actual expenses, the property is operating over a 6.2% CAP rate and is being offered for under $245,000/Unit. There are two identical 16-unit buildings each with their own laundry room and new 100-gallon water heaters. Separately metered for gas and electricity, this stabilized asset generates an additional...We are pleased to present 14715-14719 Chadron Ave, Gardena. This trophy 32-unit property consists of 50% 1-bedroom/1-bath units and 50% 2-bedroom/1-bath units with 32 covered parking spaces. Based on actual expenses, the property is operating over a 6.2% CAP rate and is being offered for under $245,000/Unit. There are two identical 16-unit buildings each with their own laundry room and new 100-gallon water heaters. Separately metered for gas and electricity, this stabilized asset generates an additional $2,000/month in RUBS reimbursement income along with $300/month in laundry income. The building has extensive capital improvements: copper plumbing, drought-resistant landscaping, electrical upgrades, modernized facade, and a gated perimeter. The interior of all units has been renovated with new floors, kitchens, bathrooms, and stainless steel appliances. Conveniently located in the South Bay, the subject property is less than a mile from El Camino College with easy freeway access. Offered at almost a 5% cash-on-cash return and over a 6.2% CAP rate, this is an excellent opportunity for a yield-focused investor seeking growth and stability in a gentrifying area.
  1. Listed by Larson Harley • DRE #02045736 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 949-933-1112

Property Details for 14715 Chadron Avenue

Parking Spaces Total
32
Private Pool
No
Total Units
32.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
20480
Assessor Parcel Number
4071-015-018
Property Attached YN
true
LISTING UPDATED: 11/11/2024 10:10 AM

Property Details for 14715 Chadron Avenue

StatusActive
MLS #SB24204798
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1959
Lot Size0.72 AC / 31,248 SF
CountyLos Angeles County

Building Information for 14715 Chadron Avenue

Stories2Residences-Year Built1959Building Size-Lot Size0.72 AC / 31,248 SF

Property Information for 14715 Chadron Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $773,928
  • Gross Scheduled Income: $773,928
  • Vacancy Allowance: 38696
  • Gross Operating Income: $735,232
  • Net Operating Income: $483,343
  • Laundry Income: $3,600
  • Other Income Description: RUBS Reimbursement
  • Other Income 1: $24,000
  • Gross Multiplier: 10.0
  • Cap Rate: 6.23
Expense Details
  • Operating Expense: $251,888
  • Insurance Expense: $19,000
  • Professional Management Expense: $30,957
  • Trash Expense: $0
  • Water Sewer Expense: $52,000
  • Total Expenses: $251,888
Tax / Assessment Info
  • Tax Tract Number: 993
  • Tax Census Tract: 6037.06
  • Tax Lot: 161
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft
  • Number Of Units: 32
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 32
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,749
  • Unit Type Total Rent: $27,989
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,138
  • Unit Type Total Rent: $34,205
  • Unit Type Pro Forma: 2495
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 32
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Separate Water Meters: 1

Property History for 14715 Chadron Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14715 Chadron Avenue

Taxable ValueLand$5,050,000Additions$2,030,400Total$7,080,400
Tax Record2024$98,056 ($8,171 / month)
Home Facts
Total Finished SqFt20,480 SqFtAbove Grade Finished SqFt20,480 SqFtLot Size31,240 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningLCR3YYCountyLOS ANGELESAPN4071-015-018

Schools near 14715 Chadron Avenue

This home is within Lawndale Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
F. D. Roosevelt Elementary School
PublicK to 5

Will Rogers Middle School
Public6 to 8

Lawndale High School
Public9 to 12

Leuzinger High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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14715 Chadron Avenue is a mixed use property for sale in Gardena, CA 90249. This property was listed for sale on October 2, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $7,795,000. It has been on the market for a total of 50 days and was last sold on September 6, 2023. This listing's school districts are Lawndale Elementary School District, Centinela Valley Union High School District. Nearby schools include F. D. Roosevelt Elementary School, Will Rogers Middle School and Lawndale High School. 14715 Chadron Avenue is a 3-bed, 32-bath, 20,480 sqft mixed use property built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Larson Harley, DRE #02045736

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.