Gardena Retail Buildings For
For Sale
$899,000
16401 -16407 S New Hampshire, Gardena, CA 90247
Two buildings in Gardena, suitable for owner-user or investor.
Property Size3,329 SF
Days on Market212
Property Features for 16401 -16407 S New Hampshire
General Information
Standard status
Active
Size
3,329 SF
Property subtype
Mixed Use
Building Details
Building Size
3,329 SF
Year Built
1952
Listing Agency:
The Innate Group, Inc
Listed By:
Andrea Jacobsson · License #00802180
(310) 529-3649
Source:
Truthrealty
Added: Feb 24
Changed: Sep 13
Last Checked: Sep 22 at 9:27PM
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 The Innate Group, Inc
Investment Insights
Based on property information with market context.
This offering features two buildings with separate APN's: 6113-020-010 and 6113-020-011. Constructed in 1952 and 1946 respectively, the properties are zoned GAC2 and offer strong lease upside potential. The ceiling height ranges from 9 to 15 feet. The location includes gated parking behind the buildings, as well as diagonal street parking in front. A gated yard is also present. The current leases are month to month, making this location suitable for either an owner-user or an investor. The bike score is 55, indicating bikeable conditions. The walk score is 74, reflecting a very walkable environment. The transit score is 41, suggesting some transit options are available.
Key Highlights
- Two buildings with separate APNs
- Strong lease upside potential
- Zoning GAC2 allows for flexible usage
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
$73,653
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
8.19%
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%
$1,473,060
$1.5M
Cap Rate 7%
$1,052,186
$1.1M
Cap Rate 9%
$818,367
$818.4K
Market Conditions
NOI Build-Up for 3,329 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
$112.7K $33.84/SF
− Vacancy
−$7.4K −$2.23/SF
EGI
$105.2K $31.61/SF
− OpEx
−$31.6K −$9.48/SF
NOI
$73.7K $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%
$1,473,060
Cap Rate 7%
$1,052,186
Cap Rate 9%
$818,367
Alternative Uses
Best Use
Retail
$1.05M
$920.7K – $1.23M
NOI $73,653 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,763 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,140
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Electronics 13%
7-Eleven
Shops & Services
10,343 visits/mo
0.2 miles
Metro by T-Mobile
Electronics
1,764 visits/mo
0.1 miles
Jiffy Lube
Shops & Services
1,285 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
647 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Two buildings in Gardena, suitable for owner-user or investor.
Where is this storefront property located?
The property is located at 16401 -16407 S New Hampshire Gardena, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two buildings with separate APNs; Strong lease upside potential; Zoning GAC2 allows for flexible usage
