Historic Corner Retail
For Sale
$1,000,000
14510 Crenshaw, Gardena, CA 90249
Restored corner retail with two units, hardwood floors, recessed lighting, and new restrooms with ADA certification.
Property Size3,900 SF
Price / SF$263.16
Days on Market41
Property Features for 14510 Crenshaw
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Commercial
Building Details
Building Size
3,900 SF
Year Built
1958
Units
2
Listing Agency:
Victory Realty Group
(800) 317-5704
Listed By:
Shegun Alabi · License #01234673
(800) 317-5704
Source:
Elliman
Added: Jul 5
Changed: Aug 8
Last Checked: Aug 13 at 10:59AM
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 Victory Realty Group
Investment Insights
Based on property information with market context.
This restored historic corner retail property offers a total of 3,800 square feet across two separate 1,900-square-foot units. Each unit features an open layout designed for merchandising, with hardwood flooring, recessed lighting, and exposed brick architectural elements. The building includes a grand double-door entry for each unit and brand-new restrooms, with one unit ADA certified and ADA parking allocation noted for that unit.
The property is located directly on Crenshaw Blvd at 14510 Crenshaw, Gardena, CA 90249. Public transit access is described as being steps away, with Walk Score 73 (Very Walkable) and Transit Score 45 (Some Transit) reported for the area. Bike Score is listed as 58 (Bikeable).
With its storefront presentation, open floor plans, and high-end interior updates, the property could be well suited for tenants seeking a restored, design-forward retail setting. The configuration also supports flexibility for brands or operators that prefer to occupy a full building or lease one unit while keeping the other available.
The property is located directly on Crenshaw Blvd at 14510 Crenshaw, Gardena, CA 90249. Public transit access is described as being steps away, with Walk Score 73 (Very Walkable) and Transit Score 45 (Some Transit) reported for the area. Bike Score is listed as 58 (Bikeable).
With its storefront presentation, open floor plans, and high-end interior updates, the property could be well suited for tenants seeking a restored, design-forward retail setting. The configuration also supports flexibility for brands or operators that prefer to occupy a full building or lease one unit while keeping the other available.
Key Highlights
- 3,800 sq. ft. restored corner retail property built in 1958 with grand double‑door entry for each unit
- Two 1,900 sq. ft. retail units with exposed brick and hardwood flooring
- Recessed lighting and open layout designed for merchandising
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
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?
Retail space - Restored corner retail with two units, hardwood floors, recessed lighting, and new restrooms with ADA certification.
Where is this retail space 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. restored corner retail property built in 1958 with grand double‑door entry for each unit; Two 1,900 sq. ft. retail units with exposed brick and hardwood flooring; Recessed lighting and open layout designed for merchandising
