Light Manufacturing
For Sale
$4,600,000
400 W Alondra Boulevard, Gardena, CA 90248
COMMERCIAL - Gardena, CA
Property Size19,292 SF
Lot Size0.81 Acres
Price / SF$238.44
Days on Market615
Property Features for 400 W Alondra Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
The property is located in the City of Gardena and has close access to the I-91, I-110, and I-405 freeways.
Subdivision
120 - South Gardena
Standard status
Active
APN
6125018006
Lot size
0.81 Acres
Building Details
Year built
1966
Listing Agency:
CENTURY 21 MASTERS · Century 21 Real Estate
(909) 980-8000
Listed By:
Juan Valdez · License #01993324
(559) 480-0531
Added: Dec 2, 2024
Changed: Aug 4
Last Checked: Aug 9 at 10:06AM
MLS# CV24243852
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 light manufacturing warehouse at 400 W Alondra Boulevard in Gardena, California includes approximately 19,292 square feet in a facility constructed in 1966. The property sits on an approximately 0.81-acre lot, providing room for operations and storage. With its light manufacturing zoning, the building is positioned to support a range of industrial uses, including small equipment manufacturing, machine shops, automotive services, or other mixed industrial applications where light manufacturing is appropriate.
The site is located in Gardena and is described as having easy access to major transportation routes, supporting efficient movement of materials and equipment. The building’s design is intended to accommodate industrial activity with usable floor area for day-to-day operations and additional space for storage needs.
For buyers and operators, this combination of light manufacturing zoning, established building inventory, and straightforward industrial configuration can fit businesses looking for an on-site facility to run production, repair, or service work while maintaining storage within the same footprint. The property is offered for sale as a versatile industrial option for small-scale operators and related industrial tenants.
The site is located in Gardena and is described as having easy access to major transportation routes, supporting efficient movement of materials and equipment. The building’s design is intended to accommodate industrial activity with usable floor area for day-to-day operations and additional space for storage needs.
For buyers and operators, this combination of light manufacturing zoning, established building inventory, and straightforward industrial configuration can fit businesses looking for an on-site facility to run production, repair, or service work while maintaining storage within the same footprint. The property is offered for sale as a versatile industrial option for small-scale operators and related industrial tenants.
Key Highlights
- Industrial facility at 400 West Alondra Boulevard, Gardena, CA
- Approximately 19,292 SF building constructed in 1966
- Set on a 0.81‑acre lot
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
$251,026
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
5.46%
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%
$5,020,520
$5.0M
Cap Rate 7%
$3,586,086
$3.6M
Cap Rate 9%
$2,789,178
$2.8M
Market Conditions
NOI Build-Up for 19,292 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
$310.2K $16.08/SF
− Vacancy
−$14.9K −$0.77/SF
EGI
$295.3K $15.31/SF
− OpEx
−$44.3K −$2.30/SF
NOI
$251.0K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$5,020,520
Cap Rate 7%
$3,586,086
Cap Rate 9%
$2,789,178
Alternative Uses
Best Use
Warehouse
$3.59M
$3.14M – $4.18M
NOI $251,026 @ 7.0% cap · market cap 5.46%
Second Best
Industrial
$3.22M
$2.82M – $3.76M
NOI $225,448 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$10.33M
$9.04M – $12.05M
NOI $723,020 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,587
Businesses Nearby
Explore this area
Business Placement
Demographics for 90248, CA
11,295
Population
4,249
Households
2.7
Avg Household Size
42
Median Age
33%
College-Educated
84%
High-School Grad
4.8 sq mi
ZIP Area
2,353
Density / Sq Mi
$81,777
Median Household Income
$45,831
Median Earnings
$1,602
Median Rent
$646,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Zoned for light manufacturing with ample space for small-scale production, service, and storage operations.
Where is this manufacturing property located?
The property is located at 400 W Alondra Boulevard Gardena, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Industrial facility at 400 West Alondra Boulevard, Gardena, CA; Approximately 19,292 SF building constructed in 1966; Set on a 0.81‑acre lot
