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 Market1759
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
Listed By:
Gary Comstock · License #00641540
(310) 920-5066
Source:
Archetyperealty
Added: Dec 17, 2021
Changed: Oct 4
Last Checked: Oct 10 at 2:22AM
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 / Yr
$53,229
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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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
