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Chadron Terrace Garden 14105 Chadron Ave 113 Unit Apartment Building $47,500,000 ($420,354/Unit) Hawthorne, CA 90250



INVESTMENT HIGHLIGHTS
- Exempt from rent control / 2016 construction
- Proforma GRM 10.90 / Proforma CAP 6.54%
- Value-add investment / Approximately 42% rental upside / ADU potential
- 75% 2-bedroom and 3-bedroom units / Luxurious amenities
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $47,500,000 | Building Class | B |
| Price Per Unit | $420,354 | Lot Size | 2.75 AC |
| Sale Type | Investment | Building Size | 138,504 SF |
| No. Units | 113 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2016 |
| Apartment Style | Mid-Rise | Parking Ratio | 2.2/1,000 SF |
| Zoning | HAR4* | ||
| Price | $47,500,000 |
| Price Per Unit | $420,354 |
| Sale Type | Investment |
| No. Units | 113 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 2.75 AC |
| Building Size | 138,504 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2016 |
| Parking Ratio | 2.2/1,000 SF |
| Zoning | HAR4* |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Hardwood Floors
- High Speed Internet Access
- Oven
- Range
- Carpet
- Dining Room
- Patio
- Window Coverings
SITE AMENITIES
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Gated
- Gameroom
- Grill
- Laundry Service
- Elevator
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | - | 750 - 850 |
| 2+2 | 53 | - | 1,035 |
| 3+2 | 33 | - | 1,280 - 1,307 |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $34,747,942 | |
| Land Assessment | $2,219,386 | Total Assessment | $36,967,328 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,219,386
Improvements Assessment
$34,747,942
Total Assessment
$36,967,328
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Chadron Terrace Garden | 14105 Chadron Ave
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