Vacant Storefront
For Sale
$995,000
14516 Crenshaw Boulevard, Gardena, CA 90249
Vacant retail storefront building available for sale with seller financing that may be available for qualified buyers.
Property Size3,848 SF
Days on Market578
Property Features for 14516 Crenshaw Boulevard
General Information
Standard status
Active
Size
3,848 SF
Property subtype
COMMERCIAL
Building Details
Building Size
3,848 SF
Year Built
1965
Listing Agency:
Power Brokers
Listed By:
Juanita Tiu · License #00973673
(310) 930-5919
Source:
Truthrealty
Added: Feb 5, 2025
Changed: Sep 5
Last Checked: Sep 5 at 8:50AM
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 Power Brokers
Investment Insights
Based on property information with market context.
This vacant store building is available for sale. The property is described as a retail storefront with significant “potential,” and it is stated to be very easy to show.
The listing indicates the seller may possibly carry the first loan for up to three years, depending on the down payment.
At the time of listing, no additional details are provided regarding tenant improvements, configuration, or specific income potential.
The listing indicates the seller may possibly carry the first loan for up to three years, depending on the down payment.
At the time of listing, no additional details are provided regarding tenant improvements, configuration, or specific income potential.
Key Highlights
- Vacant retail storefront building for sale
- Year built: 1965
- 4 parking spaces
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
$85,135
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
8.56%
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%
$1,702,700
$1.7M
Cap Rate 7%
$1,216,214
$1.2M
Cap Rate 9%
$945,944
$945.9K
Market Conditions
NOI Build-Up for 3,848 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
$130.2K $33.84/SF
− Vacancy
−$8.6K −$2.23/SF
EGI
$121.6K $31.61/SF
− OpEx
−$36.5K −$9.48/SF
NOI
$85.1K $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%
$1,702,700
Cap Rate 7%
$1,216,214
Cap Rate 9%
$945,944
Alternative Uses
Best Use
Retail
$1.22M
$1.06M – $1.42M
NOI $85,135 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,214 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
177k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 23%
Dining 21%
Hotels & Casinos 3%
Superior Grocers
Groceries
41,420 visits/mo
0.3 miles
Dollar Tree
Shops & Services
22,220 visits/mo
0.1 miles
dd's DISCOUNTS
Shops & Services
21,936 visits/mo
0.4 miles
Starbucks
Dining
19,272 visits/mo
0.2 miles
Super Star Car Wash
Shops & Services
15,270 visits/mo
0.3 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Botanica Mayeleo — 2627 Marine Ave, Gardena, CA 90249
- The Lilyrose Flower Shop — 2418 Marine Ave, Gardena, CA 90249
- Lavender Grace & Co — 2516 1/2 Rosecrans Ave, Gardena, CA 90249
- Mireya’s Flowers Shop — 2232 W Rosecrans Ave, Gardena, CA 90249
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant retail storefront building available for sale with seller financing that may be available for qualified buyers.
Where is this storefront property located?
The property is located at 14516 Crenshaw Boulevard Gardena, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Vacant retail storefront building for sale; Year built: 1965; 4 parking spaces
