Turnkey Fourplex in
For Sale
$1,430,000
Pending
15701 Brighton Ave, Gardena, CA 90247
Updated fourplex in desirable Gardena location with strong rental appeal.
Property Size2,974 SF
Lot Size0.19 Acres
Days on Market161
Property Features for 15701 Brighton Ave
General Information
Standard status
Pending
Size
2,974 SF
Lot size
0.19 Acres
Property subtype
Investment
Building Details
Building Size
2,974 SF
Year Built
1943
Units
4
Listing Agency:
Estate Properties
(310) 433-8476
Listed By:
Kevin Yamada · License #00891965
(310) 433-8476
Source:
Elliman
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 8 at 6:16AM
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 Estate Properties
Investment Insights
Based on property information with market context.
This turnkey fourplex is located in a desirable area of Gardena. The property has been recently updated and offers strong rental appeal. Situated on a quiet, secluded horseshoe street, the well-maintained property provides stability and tenant comfort. The property features a newly built community coin-operated laundry room, detached garage parking, and a grassy courtyard. It is located near Mas Fukai Park, Pacific Square Shopping Center, Tozai Plaza, and various dining options, providing tenants with convenient access to amenities. All units have new tenants as of 2024, with rents near market levels, presenting an opportunity for investors seeking immediate income and long-term growth.
Key Highlights
- Turnkey fourplex in a highly desirable Gardena location
- All units recently updated, offering strong rental appeal
- New tenants as of 2024 with rents near market levels, providing immediate income
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
$51,937
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
3.63%
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%
$1,038,740
$1.0M
Cap Rate 7%
$741,957
$742.0K
Cap Rate 9%
$577,078
$577.1K
Market Conditions
NOI Build-Up for 2,974 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
$80.3K $27.00/SF
− Vacancy
−$6.1K −$2.05/SF
EGI
$74.2K $24.95/SF
− OpEx
−$22.3K −$7.48/SF
NOI
$51.9K $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%
$1,038,740
Cap Rate 7%
$741,957
Cap Rate 9%
$577,078
Alternative Uses
Best Use
Multifamily LT 5
$742.0K
$649.2K – $865.6K
NOI $51,937 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$683.6K
$598.2K – $797.6K
NOI $47,854 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,459 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,223
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated fourplex in desirable Gardena location with strong rental appeal.
Where is this quadplex located?
The property is located at 15701 Brighton Ave Gardena, CA.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: Turnkey fourplex in a highly desirable Gardena location; All units recently updated, offering strong rental appeal; New tenants as of 2024 with rents near market levels, providing immediate income
