Positive Investments Acquires MultiFamily Property In Gardena For $7.05M
14715 Chadron Ave Gardena, CA 90249, USA
$7,050,000
$344/SF
Building Size
20,480 SF
Asset Type
MultiFamily
Closing
Sep 6, 2023
AI
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
Gardena MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93