19-Unit Apartment
For Sale
$4,400,000
14413 S Berendo Avenue, Gardena, CA 90247
The property includes controlled-access parking and on-site laundry alongside a mix of studio, one-, two-, and three-bedroom apartments.
Property Size14,415 SF
Lot Size0.54 Acres
Price / SF$305.24
Days on Market37
Property Features for 14413 S Berendo Avenue
General Information
Standard status
Active
Size
14,415 SF
Net Rentable
14,415 SF
Total Parking Spaces
24
Lot size
0.54 Acres
Property subtype
Multi-family
Units
Unit Mix
1 x studio, 9 x 1BR, 6 x 2BR/1BA, 2 x 2BR/1.5BA, 1 x 3BR/1.5BA
Multifamily Units
19
Amenities
on-site laundry facilities
Building Details
Year Built
1965
Listing Agency:
CB Richard Ellis,Inc.
Listed By:
Adam Peterson · License #1815802
(310) 550-2592
Source:
Sevengables
Added: Sep 16
Changed: Oct 21
Last Checked: Oct 21 at 2:23AM
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 CB Richard Ellis,Inc.
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Investment Insights
Based on property information with market context.
Built in 1965, this 19-unit apartment property in Gardena contains 14,415 square feet of rentable area on a 0.54-acre site. The unit mix comprises one studio, nine one-bedroom apartments, six two-bedroom/one-bath units, two two-bedroom/1.5-bath units, and one three-bedroom/1.5-bath unit. Residents have access to 24 gated parking spaces and on-site laundry facilities.
Recent work includes a replacement roof and water heater, a sewer-line liner, and a 40-foot section of main water pipe. Improvements also include 110 feet of new insulated exterior copper piping and electrical upgrades in 18 of the 19 units. Rain gutters and fencing along the south side have also been replaced.
Recent work includes a replacement roof and water heater, a sewer-line liner, and a 40-foot section of main water pipe. Improvements also include 110 feet of new insulated exterior copper piping and electrical upgrades in 18 of the 19 units. Rain gutters and fencing along the south side have also been replaced.
Key Highlights
- 19 apartments across a 0.54‑acre site, with 14,415 square feet of rentable area
- Unit mix: one studio, nine one‑bedroom, six two‑bedroom/one‑bath, two two‑bedroom/1.5‑bath, and one three‑bedroom/1.5‑bath
- 24 gated parking spaces and on‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,949
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,638,980
$4.6M
Cap Rate 7%
$3,313,557
$3.3M
Cap Rate 9%
$2,577,211
$2.6M
Market Conditions
NOI Build-Up for 14,415 SF
Gross rent
$458.4K $31.80/SF
− Vacancy
−$36.7K −$2.54/SF
EGI
$421.7K $29.26/SF
− OpEx
−$189.8K −$13.17/SF
NOI
$231.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,638,980
Cap Rate 7%
$3,313,557
Cap Rate 9%
$2,577,211
Alternative Uses
Best Use
Apartment 5plus
$3.31M
$2.90M – $3.87M
NOI $231,949 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.72M
$6.75M – $9.00M
NOI $540,241 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes controlled-access parking and on-site laundry alongside a mix of studio, one-, two-, and three-bedroom apartments.
Where is this apartment building located?
The property is located at 14413 S Berendo Avenue Gardena, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 19 apartments across a 0.54‑acre site, with 14,415 square feet of rentable area; Unit mix: one studio, nine one‑bedroom, six two‑bedroom/one‑bath, two two‑bedroom/1.5‑bath, and one three‑bedroom/1.5‑bath; 24 gated parking spaces and on‑site laundry
