$7,400,000
SOLD APR 17, 2025
3 Beds
2 Baths
20,480 Sq Ft
0.72 Acres

Recently Sold

$361 Per Sq Ft

5% Below List Price

58 Days on Market

Highlights

  • 0.72 Acre Lot
  • Laundry Room
  • Wall Furnace

About This Home

As of April 2025

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.

Last Agent to Sell the Property

Larson Harley

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 949-933-1112 License #02045736 Listed on: 10/02/2024

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Kal Ibrahim

SoCal Coastal Properties License #01723096

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.72 Acre Lot
  • Two or More Common Walls

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 20,480 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 32 Parking Spaces
  • 32 Carport Spaces

Additional Features

  • Rain Gutters
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 161
  • Tax Tract Number 993
  • Assessor Parcel Number 4071015018
  • $11,542 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 32 Units

Amenities

  • Laundry Facilities

Building Details

  • 32 Leased Units
  • Rent Control
  • 32 Separate Electric Meters
  • 32 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $19,000
  • Professional Management Expense $30,957
  • Water Sewer Expense $52,000
  • Operating Expense $251,888
  • Gross Income $773,928
  • Net Operating Income $483,343

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 6.23
  • Professional Management Expense: 30957.00
  • Property Attached: Yes
  • Water Sewer Expenses: 52000.00
  • Zoning: LCR3YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 4071015018
  • Year Built: 1959
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 361.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 32.00
  • Total Parking Spaces: 32.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 31248.00
  • Lot Size Acres: 0.7174

Multi Family

  • Gross Income: 773928.00
  • Gross Multiplier: 10.00
  • Gross Operating Income: 735232.00
  • Gross Scheduled Income: 773928.00
  • Insurance Expense: 19000.00
  • Laundry Income: 3600.00
  • Lot Size Area: 31248.0000 Square Feet
  • Net Operating Income: 483343.00
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 32
  • Number Of Units Total: 32
  • Operating Expense: 251888.00
  • Other Income1: 24000.00
  • Other Income Description: RUBS Reimbursement
  • Rent Control: Yes
  • Total Actual Rent: 773928.00
  • Total Expenses: 251888.00

Tax Info

  • Tax Census Tract: 6037.06
  • Tax Lot: 161
  • Tax Tract Number: 993
  • TaxOtherAnnualAssessmentAmount: 11542.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2025 04/17/25 Sold $7,400,000 -5.1% $361 / Sq Ft
03/11/2025 03/11/25 For Sale $7,795,000 0.0% $381 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
11/05/2024 11/05/24 Price Changed $7,795,000 -2.5% $381 / Sq Ft
10/02/2024 10/02/24 For Sale $7,995,000 +13.4% $390 / Sq Ft
09/06/2023 09/06/23 Sold $7,050,000 -11.9% $344 / Sq Ft View Prior Sale
08/17/2023 08/17/23 Pending -- -- --
08/10/2023 08/10/23 Price Changed $8,000,000 -5.9% $391 / Sq Ft
06/29/2023 06/29/23 Price Changed $8,500,000 -4.0% $415 / Sq Ft
06/21/2023 06/21/23 For Sale $8,850,000 +25.5% $432 / Sq Ft
06/19/2023 06/19/23 Off Market $7,050,000 -- --
05/31/2023 05/31/23 Price Changed $8,850,000 -1.6% $432 / Sq Ft
05/16/2023 05/16/23 For Sale $8,995,000 +97.3% $439 / Sq Ft
07/26/2016 07/26/16 Sold $4,560,000 0.0% $223 / Sq Ft View Prior Sale
06/02/2016 06/02/16 Pending -- -- --
02/11/2016 02/11/16 For Sale $4,560,000 -- $223 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24204798

California Regional Multiple Listing Service (CRMLS)