Gardena Auto Repair Shop
For Sale
$1,099,000
16820 S Western Ave, Gardena, CA 90247
Auto repair shop with warehouse and office on Western Ave.
Property Size3,128 SF
Lot Size0.15 Acres
Price / SF$549.50
Days on Market163
Property Features for 16820 S Western Ave
General Information
Standard status
Active
Size
3,128 SF
Lot size
0.15 Acres
Property subtype
Industrial
Building Details
Building Size
3,128 SF
Year Built
1906
Listing Agency:
Excellence RE Real Estate
(323) 314-7676
Listed By:
Edwin Perez · License #01795025
(323) 314-7676
Source:
Elliman
Added: Mar 12
Changed: Aug 9
Last Checked: Aug 21 at 7:50AM
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 Excellence RE Real Estate
Investment Insights
Based on property information with market context.
Located on Western Avenue, this property includes both the real estate and the existing business, Gardena Auto Repair Shop. The property features a front building of 1,128 square feet, currently used as a lobby office, with two bedrooms and one and a quarter baths. The rear building is a 2,000-square-foot warehouse with a quarter bath, equipped for auto repair with four auto lifts, one air compressor, one tire mounting machine, and one tire balancer. Washer and dryer hookups are available. The warehouse has a new roof. The property sits on a 6,490-square-foot lot and is zoned GAC3. Permitted city uses are detailed in the supplements. The property is suitable for automotive and retail purposes, as well as warehouse and other commercial real estate ventures.
Key Highlights
- High‑traffic location on Western Ave, ideal for business.
- Includes existing auto repair business "Gardena Auto Repair Shop" transfer.
- Equipped warehouse with 4 auto lifts, air compressor, tire mounting, and tire balancer.
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
$44,249
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
4.03%
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%
$884,980
$885.0K
Cap Rate 7%
$632,129
$632.1K
Cap Rate 9%
$491,656
$491.7K
Market Conditions
NOI Build-Up for 2,000 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
$67.7K $33.84/SF
− Vacancy
−$4.5K −$2.23/SF
EGI
$63.2K $31.61/SF
− OpEx
−$19.0K −$9.48/SF
NOI
$44.2K $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%
$884,980
Cap Rate 7%
$632,129
Cap Rate 9%
$491,656
Alternative Uses
Best Use
Retail
$632.1K
$553.1K – $737.5K
NOI $44,249 @ 7.0% cap · market cap 4.03%
Second Best
Warehouse
$371.8K
$325.3K – $433.7K
NOI $26,024 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$1.07M
$936.9K – $1.25M
NOI $74,955 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,312
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90247, CA
48,543
Population
17,076
Households
2.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
12,774
Density / Sq Mi
$73,851
Median Household Income
$37,000
Median Earnings
$1,751
Median Rent
$640,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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- Hex Mufflers — 1957 Artesia Blvd # C, Gardena, CA 90247
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair shop with warehouse and office on Western Ave.
Where is this auto shop located?
The property is located at 16820 S Western Ave Gardena, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: High‑traffic location on Western Ave, ideal for business.; Includes existing auto repair business "Gardena Auto Repair Shop" transfer.; Equipped warehouse with **4 auto lifts, air compressor, tire mounting, and tire balancer.**
