Four Unit Multifamily
For Sale
$1,199,000
16619 S Denver Avenue S, Gardena, CA 90248
Four unit property with garages and increased rents.
Property Size3,048 SF
Days on Market1711
Property Features for 16619 S Denver Avenue S
General Information
Standard status
Active
Size
3,048 SF
Property subtype
Quadruplex
Building Details
Building Size
3,048 SF
Year Built
1965
Listing Agency:
Prime Properties
(310) 920-5066
Listed By:
Gary Comstock · License #00641540
Source:
Archetyperealty
Added: Dec 17, 2021
Changed: Aug 23
Last Checked: Aug 22 at 9:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Properties
Investment Insights
Based on property information with market context.
This multifamily property features four units, including one townhouse-style unit with 2 bedrooms, 1 1/2 baths, and a private backyard. The remaining three units each contain 1 bedroom and 1 bath. The property includes four enclosed attached garages, along with additional off-street parking. New, increased rents are in place. The townhouse-style unit is suitable for owner occupancy.
Key Highlights
- Increased Rents
- Townhouse Style Unit with 2 bedrooms, 1 1/2 Baths and Private Back Yard
- Perfect for Owner Occupied
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
$53,229
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
4.44%
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%
$1,064,580
$1.1M
Cap Rate 7%
$760,414
$760.4K
Cap Rate 9%
$591,433
$591.4K
Market Conditions
NOI Build-Up for 3,048 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
$82.3K $27.00/SF
− Vacancy
−$6.3K −$2.05/SF
EGI
$76.0K $24.95/SF
− OpEx
−$22.8K −$7.48/SF
NOI
$53.2K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /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%
$1,064,580
Cap Rate 7%
$760,414
Cap Rate 9%
$591,433
Alternative Uses
Best Use
Multifamily LT 5
$760.4K
$665.4K – $887.2K
NOI $53,229 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$700.6K
$613.1K – $817.4K
NOI $49,045 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,232 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,216
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 Multifamily 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?
Quadplex - Four unit property with garages and increased rents.
Where is this quadplex located?
The property is located at 16619 S Denver Avenue S Gardena, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Increased Rents; Townhouse Style Unit with **2 bedrooms, 1 1/2 Baths and Private Back Yard**; Perfect for Owner Occupied
