Corner Retail Property with Double
For Sale
$1,000,000
14510 Crenshaw, Gardena, CA 90249
SINGLE_FAMILY - Gardena, CA
Property Size3,800 SF
Price / SF$263.16
Days on Market47
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
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: Jul 6
Last Checked: Aug 14 at 7:06AM
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 corner retail property offers a total of 3,800 square feet arranged as two 1,900 square foot units. Each unit has its own grand double-door entry and an open layout designed for merchandising. Interior improvements include hardwood flooring, recessed lighting, and exposed brick details that add character to the space. The restrooms are described as brand new, with one unit including ADA-certified restroom accommodations and an associated ADA parking allocation.
Located at 14510 Crenshaw in Gardena, the property is positioned directly on Crenshaw Blvd and is described as steps from public transit. The offering is presented as a restored historic retail building, bringing architectural details to both tenant spaces.
The configuration suits tenants seeking flexible retail footprints under one ownership structure, with two distinct units that can be leased separately or operated together. Recent updates to floors, lighting, and restrooms support modern tenant requirements, while the ADA-certified restroom and ADA parking allocation help address accessibility needs for customers. With street-facing prominence along Crenshaw Blvd and direct public transit access, the spaces are intended to support everyday consumer traffic for a range of specialty retail concepts.
Located at 14510 Crenshaw in Gardena, the property is positioned directly on Crenshaw Blvd and is described as steps from public transit. The offering is presented as a restored historic retail building, bringing architectural details to both tenant spaces.
The configuration suits tenants seeking flexible retail footprints under one ownership structure, with two distinct units that can be leased separately or operated together. Recent updates to floors, lighting, and restrooms support modern tenant requirements, while the ADA-certified restroom and ADA parking allocation help address accessibility needs for customers. With street-facing prominence along Crenshaw Blvd and direct public transit access, the spaces are intended to support everyday consumer traffic for a range of specialty retail concepts.
Key Highlights
- 3,800 sq. ft. retail corner property in Gardena built in 1958 with two 1,900 sq. ft. units
- Central air cooling
- Hardwood flooring and recessed lighting throughout
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Shell
Shops & Services
12,758 visits/mo
0.2 miles
7-Eleven
Shops & Services
9,083 visits/mo
0.4 miles
Louisiana Fried Chicken
Dining
5,068 visits/mo
0.5 miles
Baskin-Robbins
Dining
3,224 visits/mo
0.3 miles
SUBWAY
Dining
1,536 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two separately set up retail units with hardwood floors, recessed lighting, and newly updated restrooms with ADA accommodations.
Where is this storefront property 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 corner property in Gardena built in 1958 with two 1,900 sq. ft. units; Central air cooling; Hardwood flooring and recessed lighting throughout
