Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14506 Crenshaw Blvd Gardena, CA 90249

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $75,000

    Optometry practice in Gardena, CA, same location for 30+ years.

    Lot size:
    0.18 Acres
    Added:
    Aug 23, 2024
    Days on Market:
    615
    Last Refresh:
    Apr 5 at 8:59 pm

    Property Features for 14506 Crenshaw Blvd

    General Information

    Standard status
    Active
    Lot size
    0.18 Acres

    We can help!

    Listing Contact
    Peter Nguyen

    Listing agent Peter Nguyen

    Listing office California's Best Home Realty

    Listing date Aug 23, 2024

    Source Exprealty

    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 California's Best Home Realty

    Overview

    Established Optometry Practice For Sale

    An established optometry practice is available for sale in Gardena, California. The practice has been at the same location for over 30 years. It features two exam rooms, a small finishing lab, and a spacious optical dispensary. The current doctor is retiring and will assist with the transition. Financing options are available.
    Location Intelligence

    Current Use by Public Records

    Optometry Nguyen Physician Peter H. Nguyen, ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gardena
    County
    Los Angeles
    State
    California
    Longitude
    -118.326
    Latitude
    33.8999

    Nearby Similar for Sale

    • $300,000

      Established Car Wash Business Opportunity

      Well-maintained car wash business with high visibility in Gardena, CA.
      13400 Crenshaw, Gardena, CA 90249
      View Details
    • $999,000
      2,522 SF

      Charming Triplex in El Camino Village

      Unique triplex with cottage-style house and two units in Gardena.
      15106 Lemoli, Gardena, CA 90249
      View Details
    • $265,000

      Gardena Auto Body Shop Opportunity

      Fully operational auto body shop with licenses in Gardena, CA.
      1143 W El Segundo, Gardena, CA 90247
      View Details
    • $1,499,000
      2,974 SF

      Updated Fourplex in Gardena

      Turnkey fourplex in desirable Gardena location with updated units.
      15701 Brighton Avenue, Gardena, CA 90247
      View Details
    • $935,000
      3,130 SF

      Gardena Triplex with Spacious Units

      Triplex in Gardena with spacious units, ideal for owner-occupants.
      840 W 167th Street, Gardena, CA 90247
      View Details
    • $759,000

      Gardena Triplex: Income Potential

      Triplex in prime Gardena location with income and growth potential.
      640 W Redondo Beach, Gardena, CA 90247
      View Details
    • $1,999,999
      4,000 SF

      Gardena Apartment Building For Sale

      Apartment building in Gardena, CA. Subject to interior inspection.
      2112 W 157th, Gardena, CA 90249
      View Details
    • $899,000

      Gardena Retail Buildings For Sale

      Two buildings in Gardena, suitable for owner-user or investor.
      16401 -16407 S New Hampshire, Gardena, CA 90247
      View Details
    • $1,390,000
      2,450 SF

      Turnkey Multifamily Property with Warehouse

      Remodeled 4-unit plus warehouse in Gardena, offering income and potential.
      15328 S San Pedro St, Gardena, CA 90248
      View Details
    • $845,000
      1,700 SF

      Renovated Office Building in Gardena

      Fully renovated office building suitable for medical or professional use.
      841 West Gardena Boulevard, Gardena, CA 90247
      View Details
    • $1,099,000
      1,981 SF

      Gardena Triplex with Income Potential

      Triplex in Central Gardena with upside in rents.
      1616 W Gardena, Gardena, CA 90247
      View Details
    • $3,490,000
      12,331 SF

      Gardena Industrial Campus For Sale

      Dual-building industrial campus with specialized water-handling systems and convenient location.
      1646 W 130th St, Gardena, CA 90249
      View Details

    FAQs

    What type of property is this?
    Medical space - Optometry practice in Gardena, CA, same location for 30+ years.
    Where is this medical space located?
    The property is located at 14506 Crenshaw Blvd Gardena, CA.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Established Optometry Practice: Same location for 30+ years.; Turnkey Opportunity: Includes 2 exam rooms and a spacious optical dispensary.; Transition Assistance: Retiring doctor will help with the transition.
    (310) 683-9905
    We can help!
    Listing Contact
    Peter Nguyen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!