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Active
16511 S Denver Avenue Gardena, CA 90248
9,528 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,528 sqft
Price per Sqft $335
MLS Listing ID CL26857357
HOA Y/N No
Year Built 1988
Lot Size 0.295 Acres
Acres 0.2946
Property Sub-Type Other
Property Description
16-Unit Investment Opportunity in Gardena P.O.: 12-unit structure and 4-unit structure, situated on a large 12,831-SF corner lot. Favorable Rent Control Profile: 12 units were built in 1988 and are not subject to LA City Rent Control (AB 1482 only) and 4 units were built in 1965 and are subject to L.A. RSO. Large Corner Lot with ADU Potential: Expansive lot and ample parking areas present a desirable opportunity to add ADUs (Buyer to Verify). Strong Cash Flow & Rental Upside: Offering a 5.77% current cap rate and 10.91 GRM with upside to a 7.13% pro-forma cap rate and 9.41 GRM. Recent Capital Improvements: Features newer windows and doors, 6 renovated units, a new roof on the 12-unit building (2018), copper plumbing for both buildings, a new main water line, newer sewer line (2021/2022), and the property passed the SB 721 balcony inspection. Attractive Property Amenities: Gated property featuring 24 total parking spaces and an on-site laundry facility. Convenient South Bay Location: Located approximately one-half mile from Artesia Boulevard and in close proximity to Pacific Square Shopping Center & Gardena Marketplace.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Laundry Common Area, Laundry Room, Washer
Building
New Construction No
Others
Tax ID 6121004038
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jonathan Nikfarjam • Shield CRE, Inc.