Renovated Flex Building with
New
For Sale
Contact for pricing
1516-1518 W 132nd St, Gardena, CA 90249
Warehouse air conditioning and a built-out studio complement the property's flexible configuration.
Property Size10,520 SF
Price / SF$260
Days on Market3
Property Features for 1516-1518 W 132nd St
General Information
Standard status
Active
Size
10,520 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
14 ft
Conditioned Warehouse
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Kidder Mathews
(310) 807-0880
Listed By:
Marc Bonando, SIOR
(949) 235-3520
Source:
Moodyscre
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:03PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This 10,520-square-foot flex property at 1516-1518 W 132nd St in Gardena is configured for multiple tenants and has undergone a full renovation. The interior includes built-out studio space, an office mezzanine, and air conditioning in the warehouse area. Its flexible layout can accommodate different configurations.
Four grade-level doors and 14 feet of clearance support warehouse access and use. The property can be delivered vacant at close of escrow.
Four grade-level doors and 14 feet of clearance support warehouse access and use. The property can be delivered vacant at close of escrow.
Key Highlights
- 10,520 square feet of flex space
- Four grade‑level doors
- 14‑foot clearance height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,886
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,737,720
$2.7M
Cap Rate 7%
$1,955,514
$2.0M
Cap Rate 9%
$1,520,956
$1.5M
Market Conditions
NOI Build-Up for 10,520 SF
Gross rent
$169.2K $16.08/SF
− Vacancy
−$8.1K −$0.77/SF
EGI
$161.0K $15.31/SF
− OpEx
−$24.2K −$2.30/SF
NOI
$136.9K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,737,720
Cap Rate 7%
$1,955,514
Cap Rate 9%
$1,520,956
Alternative Uses
Best Use
Warehouse
$1.96M
$1.71M – $2.28M
NOI $136,886 @ 7.0% cap · market cap 5.00%
Second Best
Industrial
$1.76M
$1.54M – $2.05M
NOI $122,938 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$5.63M
$4.93M – $6.57M
NOI $394,266 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in West region
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Similar Off Market Nearby
- West Coast Hospitality Group — 1850 W 144th St, Gardena, CA 90249
- Crawford Electric Inc — 1230 W 144th St, Gardena, CA 90247
- Air Fayre Ca Inc — 1720 W 135th St, Gardena, CA 90249
- Chase Worldwide — 1441 W 130th St, Gardena, CA 90249
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse air conditioning and a built-out studio complement the property's flexible configuration.
Where is this flex space located?
The property is located at 1516-1518 W 132nd St Gardena, CA.
What is the asking price?
The asking price for this property is $2,735,200.
What are key features of this property?
This property features: 10,520 square feet of flex space; Four grade‑level doors; 14‑foot clearance height
