Turnkey Multifamily Property with
For Sale
$1,390,000
15328 S San Pedro St, Gardena, CA 90248
MULTI_FAMILY - Gardena, CA
Property Size2,450 SF
Lot Size0.11 Acres
Price / SF$567.35
Days on Market269
Property Features for 15328 S San Pedro St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LCM1-B1*
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bathroom 1
Parking
5
Parking features
Assigned
Directions
West of Avalon Blvd, South of Redondo Beach Blvd
Subdivision
Compton West of Central
Standard status
Active
APN
6139-009-007
Size
2,450 SF
Lot size
0.11 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1942
Floors in Building
2
Number of units
4
Flooring type
Laminate
Listing Agency:
The Agency
(424) 230-3700
Listed By:
Julian Abi-Jaoude · License #02247948
(310) 767-6355
Added: Nov 16, 2025
Changed: May 13
Last Checked: Aug 12 at 12:06PM
MLS# 25619649
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey property features a 4-unit multifamily building, including a detached studio, along with a 1,000 square foot warehouse. The property is located in Gardena, west of Avalon and south of Redondo Beach Boulevard. The units have been remodeled and include quartz counters, stainless steel appliances, and in-unit laundry. New HVAC systems have also been installed. The property is currently fully occupied, but can be delivered fully vacant. The property generates a strong income with a 5% cap rate and an 18.4 GRM, producing $6,900 per month or $82,800 per year. The LCM1-B1 zoning offers conversion or development potential for the warehouse, subject to buyer verification. The property is suitable for both first-time and seasoned investors, as well as 1031 buyers seeking stable income, low maintenance, and future expansion opportunities. The total property size is 2,450 square feet on a lot of 0.1149 acres. The location provides convenient access to freeways, transit options, shopping centers, and dining establishments.
Key Highlights
- Turnkey, fully occupied 4‑unit property (plus detached studio) offering immediate rental income.
- High‑demand location west of Avalon and south of Redondo Beach Blvd.
- Strong financial performance: 5% cap rate, 18.4 GRM, $6,900/month income ($82,800/year).
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
$42,786
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
3.08%
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%
$855,720
$855.7K
Cap Rate 7%
$611,229
$611.2K
Cap Rate 9%
$475,400
$475.4K
Market Conditions
NOI Build-Up for 2,450 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
$66.2K $27.00/SF
− Vacancy
−$5.0K −$2.05/SF
EGI
$61.1K $24.95/SF
− OpEx
−$18.3K −$7.48/SF
NOI
$42.8K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /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%
$855,720
Cap Rate 7%
$611,229
Cap Rate 9%
$475,400
Alternative Uses
Best Use
Multifamily LT 5
$611.2K
$534.8K – $713.1K
NOI $42,786 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$563.2K
$492.8K – $657.0K
NOI $39,422 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,820 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 90248, CA
11,295
Population
4,249
Households
2.7
Avg Household Size
42
Median Age
33%
College-Educated
84%
High-School Grad
4.8 sq mi
ZIP Area
2,353
Density / Sq Mi
$81,777
Median Household Income
$45,831
Median Earnings
$1,602
Median Rent
$646,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Remodeled 4-unit plus warehouse in Gardena, offering income and potential.
Where is this quadplex located?
The property is located at 15328 S San Pedro St Gardena, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Turnkey, fully occupied 4‑unit property (plus detached studio) offering immediate rental income.; High‑demand location west of Avalon and south of Redondo Beach Blvd.; Strong financial performance: **5% cap rate**, 18.4 GRM, $6,900/month income ($82,800/year).
