Updated Duplex with Private
New
For Sale
$899,000
16424 S Denker Avenue, Gardena, CA 90247
Two-unit property pairs a remodeled front residence with a rear unit suited for renovation.
Property Size2,100 SF
Days on Market6
Property Features for 16424 S Denker Avenue
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
blank-canvas space ready to be renovated
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
private yard
in-unit laundry
Building Details
Building Size
2,100 SF
Year Built
1949
Listing Agency:
Redfin Corporation
Listed By:
Rick Wilkinson · License #01427456
(310) 663-9064
Source:
Truthrealty
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 12 at 9:53AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
Located at 16424 S Denker Avenue in Gardena, this duplex includes two separate residences with distinct outdoor areas and laundry access. The front unit has two bedrooms, a bonus room, one bathroom, updated kitchen and bath finishes, luxury vinyl plank flooring, and newer energy-efficient windows. The rear residence contains one bedroom and one bathroom and is positioned for renovation.
Shared improvements include a two-car garage and a driveway that accommodates multiple vehicles, along with storage space. The property was built in 1949 and is near local stores, schools, and major freeways, providing convenient access for residents.
Shared improvements include a two-car garage and a driveway that accommodates multiple vehicles, along with storage space. The property was built in 1949 and is near local stores, schools, and major freeways, providing convenient access for residents.
Key Highlights
- Two‑unit duplex at 16424 S Denker Avenue, Gardena, CA 90247
- Front residence offers 2 bedrooms, a bonus room, and 1 bathroom
- Rear unit includes 1 bedroom and 1 bathroom and requires renovation
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
$36,674
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
4.08%
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%
$733,480
$733.5K
Cap Rate 7%
$523,914
$523.9K
Cap Rate 9%
$407,489
$407.5K
Market Conditions
NOI Build-Up for 2,100 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
$56.7K $27.00/SF
− Vacancy
−$4.3K −$2.05/SF
EGI
$52.4K $24.95/SF
− OpEx
−$15.7K −$7.48/SF
NOI
$36.7K $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%
$733,480
Cap Rate 7%
$523,914
Cap Rate 9%
$407,489
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,674 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$482.7K
$422.4K – $563.2K
NOI $33,791 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.12M
$983.8K – $1.31M
NOI $78,703 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property pairs a remodeled front residence with a rear unit suited for renovation.
Where is this duplex located?
The property is located at 16424 S Denker Avenue 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‑unit duplex at 16424 S Denker Avenue, Gardena, CA 90247; Front residence offers 2 bedrooms, a bonus room, and 1 bathroom; Rear unit includes 1 bedroom and 1 bathroom and requires renovation
