$3,200,000
17 bd · 2 ba · 9,528 sqft · 12,828 sqft lot
16511 S Denver Ave, Gardena, CA 90248
Multi-family · Built 1988 · $336/sqft ·
$19,599/mo est. payment
- Garage
- 4 cars
- Stories
- 3
Flood factor 8/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 17
Bathrooms
- Total Bathrooms: 16
- Full Bathrooms: 2
Appliances
- Laundry Features: Room, Laundry Area, Community
Garage and Parking
- Covered Spaces: 12
- Garage Spaces: 4
- Parking Features: Garage, Covered Parking, Tandem
- Parking Total: 24
- Uncovered Spaces: 8
Land Info
- Lot Size Acres: 0.2945
- Lot Size Source: Estimated
- Lot Size Square Feet: 12831
Multi-Unit Info
- Number of Buildings: 2
- Number of Units: 16
- Unit Type: 1+1 and 2+1
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-1: 1
Rental Info
- Gross Income: 296892
- Gross Scheduled Income: 287985
- Vacancy Allowance: 8906
Other Property Info
- Annual Tax Amount: 40000
- Source Listing Status: Active
- County: Los Angeles
- Cross Street: Denver Avenue & Gardena Boulevard
- Cap Rate: 5.77
- Directions: West of Figueroa Street, South of Gardena Boulevard, East of 110 Freeway, North of 168th Street
- Source Property Type: Residential Income
- Area: North Gateway
Schools
- 6
Gardena Elementary School
elementary · K-5 · 0.2 mi
- 3
Robert E. Peary Middle School
middle · 6-8 · 1.0 mi
- 5
Gardena Senior High School
high · 9-12 · 1.2 mi
St. Anthony Of Padua
elementary · K-8 · 0.5 mi
- 7
Environmental Charter Middle School
middle · 6-8 · 0.3 mi
Harbor Gateway Prep Academy
high · 9-12 · 0.7 mi
Price history
- Jul 8, 2026 · Listed$3,200,000
- Jun 16, 2017 · Sold$1,955,000
- Jan 12, 2017 · Listing Removed$2,650,000
- Nov 8, 2016 · Listed$2,650,000
- May 8, 1996 · Sold$350,000
Tax history
- 2025$30,170 tax · $2,314,318 assessed
- 2024$29,755 tax · $2,268,940 assessed
- 2023$29,197 tax · $2,180,836 assessed
- 2022$27,916 tax · $2,138,075 assessed
- 2021$27,530 tax · $2,096,153 assessed
- 2020$27,784 tax · $2,074,661 assessed
- 2019$26,743 tax · $2,033,982 assessed
- 2018$26,443 tax · $1,994,100 assessed
Home value
$2,837,292
- Quantarium$2,837,292
Where it is
Listed by Jonathan Nikfarjam · Shield CRE, Inc. · TheMLSCLAW
