Two-Unit Corner Retail
For Sale
$1,000,000
14510 Crenshaw, Gardena, CA 90249
Commercial Sale, Gardena, CA
Property Size3,800 SF
Price / SF$263.16
Days on Market94
Property Features for 14510 Crenshaw
General Information
Property type
Residential
Property subtype
Retail
Zoning
Commercial
Directions
CRENSHAW BLVD AND ROSECRANS BLVD
Subdivision
119 - Central Gardena
Standard status
Active
APN
4064012010
Utilities
Cooling system
Central Air
Amenities
hard wood flooring
recessed lighting
brand new restrooms
ADA Certified
ADA Parking allocation
exposed brick
open layout
grand double-door entry
Building Details
Year built
1958
Listing Agency:
Victory Realty Group
(800) 317-5704
Listed By:
Shegun Alabi · License #01234673
(818) 437-1097
Added: Jun 29
Changed: Aug 24
Last Checked: Sep 30 at 3:06PM
MLS# SR26141370
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial retail property at 14510 Crenshaw in Gardena contains two 1,900 sqft units totaling 3,800 sq. ft. Each unit has a grand double-door entry, while the interiors offer open merchandising areas, hardwood flooring, recessed lighting, and exposed brick details. The property was built in 1958 and includes central air.
One unit has an ADA-certified restroom, and ADA parking allocation is provided. Commercial zoning supports the property’s retail designation. Positioned directly on Crenshaw Blvd and near public transit, the building offers a corner setting with direct street presence. The configuration may suit operators seeking separate retail areas within one property, subject to applicable approvals.
One unit has an ADA-certified restroom, and ADA parking allocation is provided. Commercial zoning supports the property’s retail designation. Positioned directly on Crenshaw Blvd and near public transit, the building offers a corner setting with direct street presence. The configuration may suit operators seeking separate retail areas within one property, subject to applicable approvals.
Key Highlights
- 3,800 sq. ft. retail property configured as two 1,900 sqft units
- Corner location directly on Crenshaw Blvd in Gardena
- Open layouts with hardwood flooring, recessed lighting, and exposed brick
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,681,460
$1.7M
Cap Rate 7%
$1,201,043
$1.2M
Cap Rate 9%
$934,144
$934.1K
Market Conditions
NOI Build-Up for 3,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$128.6K $33.84/SF
− Vacancy
−$8.5K −$2.23/SF
EGI
$120.1K $31.61/SF
− OpEx
−$36.0K −$9.48/SF
NOI
$84.1K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,681,460
Cap Rate 7%
$1,201,043
Cap Rate 9%
$934,144
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $84,073 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,415 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
177k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 23%
Dining 21%
Hotels & Casinos 3%
Superior Grocers
Groceries
41,420 visits/mo
0.3 miles
Dollar Tree
Shops & Services
22,220 visits/mo
0.1 miles
dd's DISCOUNTS
Shops & Services
21,936 visits/mo
0.4 miles
Starbucks
Dining
19,272 visits/mo
0.2 miles
Super Star Car Wash
Shops & Services
15,270 visits/mo
0.3 miles
Demographics for 90249, CA
27,125
Population
9,292
Households
2.9
Avg Household Size
40
Median Age
26%
College-Educated
80%
High-School Grad
3.0 sq mi
ZIP Area
9,042
Density / Sq Mi
$84,921
Median Household Income
$43,336
Median Earnings
$1,705
Median Rent
$709,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Updated interiors feature hardwood flooring, recessed lighting, and newly installed restrooms.
Where is this retail space located?
The property is located at 14510 Crenshaw Gardena, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,800 sq. ft. retail property configured as two 1,900 sqft units; Corner location directly on Crenshaw Blvd in Gardena; Open layouts with hardwood flooring, recessed lighting, and exposed brick
