Renovated Triplex with Individually Metered
For Sale
$2,000,000
16015 Halldale Avenue, Gardena, CA 90247
Completely renovated triplex offers two- and three-bedroom townhouse-style units with individually metered gas, electricity, and water.
Property Size4,271 SF
Days on Market28
Property Features for 16015 Halldale Avenue
General Information
Standard status
Active
Size
4,271 SF
Class
A
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
4,271 SF
Year Built
1990
Year Renovated
2021
Units
3
Listing Agency:
Morgan Skenderian Investment Real Estate Group
(949) 251-8800
Listed By:
Peter Gillin · License #01433769
Source:
Commercialcafe
Added: Jul 17
Changed: Aug 8
Last Checked: Aug 12 at 7:47AM
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 Morgan Skenderian Investment Real Estate Group
Investment Insights
Based on property information with market context.
16015 Halldale Avenue is a pride-of-ownership triplex that was completely renovated in 2021 and is presented in excellent condition. The property features a mix of two- and three-bedroom, townhouse-style units. Interior updates include a new roof in 2025, new appliances (refrigerator, washer, dryer and dishwasher), new kitchen cabinets, new water heaters, and new laminate flooring.
Each unit is individually metered for gas, electricity, and water, providing a straightforward utility setup for day-to-day operations. The property is located in Gardena with convenient access to the 405, 91 and 110 freeways, and it is near SpaceX Headquarters.
Each unit is individually metered for gas, electricity, and water, providing a straightforward utility setup for day-to-day operations. The property is located in Gardena with convenient access to the 405, 91 and 110 freeways, and it is near SpaceX Headquarters.
Key Highlights
- Completely renovated 1990 triplex with two- and three‑bedroom townhouse‑style units
- Renovations include new roof (2025), new appliances, new kitchen cabinets, new water heaters, and new laminate flooring
- Each unit is individually metered for gas, electricity, and water to help manage operating expenses
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
$74,587
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
3.73%
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%
$1,491,740
$1.5M
Cap Rate 7%
$1,065,529
$1.1M
Cap Rate 9%
$828,744
$828.7K
Market Conditions
NOI Build-Up for 4,271 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
$115.3K $27.00/SF
− Vacancy
−$8.8K −$2.05/SF
EGI
$106.6K $24.95/SF
− OpEx
−$32.0K −$7.48/SF
NOI
$74.6K $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%
$1,491,740
Cap Rate 7%
$1,065,529
Cap Rate 9%
$828,744
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$932.3K – $1.24M
NOI $74,587 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$981.8K
$859.1K – $1.15M
NOI $68,724 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,067 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,581
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?
Triplex - Completely renovated triplex offers two- and three-bedroom townhouse-style units with individually metered gas, electricity, and water.
Where is this triplex located?
The property is located at 16015 Halldale Avenue Gardena, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Completely renovated 1990 triplex with two- and three‑bedroom townhouse‑style units; Renovations include new roof (2025), new appliances, new kitchen cabinets, new water heaters, and new laminate flooring; Each unit is individually metered for gas, electricity, and water to help manage operating expenses
