14105 Chadron Ave - Apartments FOR SALE


Hawthorne, CA 90250
$47,500,000 USD
310-622-1911
14105 Chadron Ave, Hawthorne, CA for Sale
$47,500,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

14105 Chadron Ave
Hawthorne, CA 90250


HIGHLIGHTS

  • Exempt from rent control / 2016 construction
  • Value-add investment / Approximately 42% rental upside / ADU potential
  • Proforma GRM 10.90 / Proforma CAP 6.54%
  • 75% 2-bedroom and 3-bedroom units / Luxurious amenities

OVERVIEW

The City of Hawthorne has a vibrant past and present as the former home to Northrop Grumman and the current home to aerospace giant, SpaceX. Hawthorne is also home to the 2016 constructed, 113 luxury unit, Chadron Terrace Garden apartments representing commercial real estate at its finest! This Y2K constructed, 100+ unit multifamily building is not only a very rare investment opportunity in Hawthorne and adjacent South Bay cities, but also one of the most prized and sought-after forms of multifamily real estate in these changing times. Chadron Terrace Garden is currently exempt from city and statewide rent-control. Rent increase amounts are at the discretion of the owner. Chadron Terrace Garden currently has approximately 42% rental upside potential. Current rents are approximately $2.15 per sq. ft. as opposed to market/proforma rents at $3.05 per sq. ft. Chadron Terrace Garden is approximately 4 miles south of SoFi Stadium (hosting the 2026 FIFA World Cup and 2028 Olympics), 5 miles east of the sandy beaches of Manhattan Beach, 7 miles southeast of Los Angeles International Airport (LAX), and 14 miles southwest of Downtown Los Angeles. For all your acquisition questions and needs pertaining to Chadron Terrace Garden, please contact the listing agents direct at (310) 978-7707 for Aaron Fierstein and (310) 622-1912 for Bridget Behmke of Colliers International. We look forward to working with you and appreciate your interest. Also, as a friendly reminder, please do not trespass onto the property or disturb the tenants and management as this is a confidential sale. Thank you very much for your cooperation and understanding.

FOR SALE DETAILS

PRICE

$47,500,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

113

PRICE/UNIT

$420,354

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chadron Terrace Garden

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2016

PARKING SPACES

220

LAND DETAILS

LAND ACRES

2.77 AC

LAND SF

120,485 SF

ZONING

HAR4*

APN/PARCEL ID

4052-022-015,4052-022-016

ASK ABOUT THIS PROPERTY

Aaron FiersteinColliersMore Info
310-622-1911

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Aaron FiersteinColliersMore Info
310-622-1911

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.