14900 Chadron Ave Gardena, CA 90249
Active
$1,875,000
8 Units
16 Beds
8 Baths
7,460 Area(sq.ft.)
13,394 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 1,895 | $ 1,895 | $ 2,200 |
| Unit 2 | 3 | 2 | 1 | No | $ 1,995 | $ 5,985 | $ 2,200 |
| Unit 3 | 1 | 2 | 1 | No | $ 1,725 | $ 1,725 | $ 2,200 |
| Unit 4 | 2 | 2 | 1 | No | $ 2,200 | $ 4,400 | $ 2,200 |
| Unit 5 | 1 | 2 | 1 | No | $ 1,850 | $ 1,850 | $ 2,200 |
| 5 | 8 | 16 | 8 | $ 15,855 | $ 32,225 | $ 17,600 |
| MLS #: | 24-436959 |
| Days On Market: | 35 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 251 |
| Price per unit: | $ 234,375 |
| Year Built: | 1946 |
Property Details
14900-14902 Chadron Ave. in Gardena offers a prime investment opportunity at $1,875,000. Built in 1946, the property features 8 spacious 2-bedroom units, each about 933 SF, with 12 covered parking spaces. It is separately metered for gas and electric, master metered for water, and has had recent upgrades, including a new roof on the front building and partial copper piping. The property falls under LA County rent control, currently at a 6.7% CAP rate, 15% rent growth potential, and low vacancy rates. Additional value lies in the potential to build 2 ADUs by-right, subject to buyer verification. **Under LA County jurisdiction NOT Gardena.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 186,052 |
| Total Annual Expense: | $ 60,251 |
| Net Operating Income: | $ 125,801 |
| Gross Annual Income: | $ 190,260 |
| Cap Rate: | 6.7% |
| Gross Rent Multiplier: | 10.14 |
Structure
| Type of Units: | For Rent |
| Buildings: | 2 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | LCR3YY |
| Parking Garage: | Covered Parking |
| Total Parking: | 12 |
Interior
| AC/Cooling: | Wall Unit(s), Wall/Window |
| Equipment: | Garbage Disposal |
| Heating: | Wall |
Exterior
Detailed Map
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