Chadron Terrace Garden — Sale in Hawthorne, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Hawthorne, CA 90250

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Investment Figures

Cap rate
2.40%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Chadron Terrace Garden is an extraordinary, fully non-rent control apartment building boasting 113 spacious units, built in 2016, located at 14105 Chadron Avenue in Los Angeles County’s bustling South Bay community of Hawthorne – home to SpaceX, the Tesla Design Center, and Archer Aviation's upcoming electric air taxi network. Over 75% of this property consists of two-bedroom and three-bedroom units that range from 1,035 sq. ft. to 1,307 sq. ft. with 10- to 15-foot-high ceilings, luxury amenities, and energy efficient appliances including tankless water heaters. All units have balconies or patios, with some wrap-around patios at approximately 300 sq. ft. Investors can financially benefit from this 100% non-rent control property that has an astonishing 92.5% rental upside. Given the property’s spacious floor plans and common area, further value-add potential can be achieved by developing multiple accessory dwelling units (ADUs). Investment Highlights: • 100% non-rent control–2016 construction / Approximately 92.5% rental upside / 6.65% proforma CAP rate and $324.90 per building sq. ft. / Value-add investment with ample space to develop multiple ADUs • 76% 2 & 3-bedroom units range from 1,035 to 1,307 sq. ft. / Units have 10- to 15-foot-high ceilings, skyline views, & luxury amenities / Central A/C, refrigerators, dishwashers, stoves/oven, microwave • All units have balconies or patios - some wrap-around patios at 300 sq. ft. / Individually metered utilities, RUBs program in place / Units have on-demand tankless water heaters / Prop. equip w/ solar • 2:1 parking ratio, 227 parking spaces with room to add more parking spaces / 1,260 sq. ft. recreation room, three 425 sq. ft. interior lounges, and 685 sq. ft. fitness room / 6 laundry rooms, 24 laundry machines, landlord owned / Spacious lobby and 446 sq. ft. leasing office / Gated entry, elevator, and security patrol

Market Context

This multifamily in Hawthorne, CA is listed for sale. It is offered at an approximate 2.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Hawthorne, CA — view the full market.

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