Positive Investments Acquires MultiFamily Property In Gardena For $7.05M
SOLD
$7,050,000
California
See Similar DealsMultiFamily20,480 SF
Sold 09/06/2023
SOLD
Positive Investments Acquires MultiFamily Property In Gardena For $7.05M
14715 Chadron Ave Gardena, CA 90249, USA
See Similar DealsMultiFamily20,480 SF
Sold 09/06/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$344
Total Square Footage:20,480 SF
Transaction Type:Sale
A multifamily property located at 14715-14719 Chadron Avenue in Gardena has been sold for a price of $7,050,000. The property consists of 32 units, with an average price per unit of $220,313. The total square footage of the property is 20,480, and the price per square foot is $344.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $7,050,000
- Units: 32
- Price per Unit: $220,313
- Square Footage: 20,480
- Price per Square Foot: $344
- Address: 14715-14719 Chadron Avenue, Gardena
This transaction was facilitated by Larson Harley of Lyon Stahl Investment Real Estate, Inc, who represented the buyer, Positive Investments - Srinivas Yalamanchili, and the seller, Tolu Real Estate - Jason Tolu. The involvement of Larson Harley as the broker highlights their expertise in the real estate market.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$376,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,047.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,420.60
Annual Debt Service$401,047.16
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