18-Unit Multifamily
For Sale
$4,100,000
1914 W El Segundo Boulevard, Gardena, CA 90249
Two nine-unit buildings sit on separate parcels and include shared laundry facilities and on-site parking.
Property Size12,012 SF
Lot Size0.28 Acres
Price / SF$341.33
Days on Market15
Property Features for 1914 W El Segundo Boulevard
General Information
Standard status
Active
Size
12,012 SF
Total Parking Spaces
18
Lot size
0.28 Acres
Property subtype
Multi-family
Financials
Asking Price
$4,100,000
Cap Rate
6.2%
Gross Income
$395,548
Gross Rent Multiplier
10.37
Units
Unit Mix
2 x 3BR/2BA, 14 x 1BR/1BA, 2 x studio
Multifamily Units
18
Individually Metered Utilities
gas, electricity
Additional Details
Utilities to Site
Yes
Amenities
on-site laundry room
Building Details
Year Built
1958
Buildings
2
Listing Agency:
Realty Investment Advisors,Inc.
Listed By:
Benjamin J. Hsiang · License #01438644
(424) 377-6001
Source:
Sevengables
Added: Oct 22
Changed: Nov 3
Last Checked: Nov 4 at 5:25PM
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 Realty Investment Advisors,Inc.
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Investment Insights
Based on property information with market context.
This Gardena multifamily property comprises two buildings with nine units apiece, built in 1958. The 18-unit mix includes 2 three-bedroom, two-bath units, 14 one-bedroom, one-bath units, and 2 studios. Each building has a three-bedroom owner’s unit with a fireplace. Improvements total approximately 16,511 square feet on a combined 12,012-square-foot lot. Select apartments have updated kitchens and bathrooms, and the property includes an on-site laundry room, separately metered gas and electricity, and individual water heaters except in the studios.
Infrastructure work includes a roof replacement in 2024, copper repiping and drain-line improvements in 2019, and relining of both main sewer lines in 2025. The property is directly across from Chester Washington Golf Course. Its reported current cap rate is 6.20%, with a 10.37 GRM; projected figures at market rents include a 6.92% pro forma cap rate.
Infrastructure work includes a roof replacement in 2024, copper repiping and drain-line improvements in 2019, and relining of both main sewer lines in 2025. The property is directly across from Chester Washington Golf Course. Its reported current cap rate is 6.20%, with a 10.37 GRM; projected figures at market rents include a 6.92% pro forma cap rate.
Key Highlights
- 18 units across two nine‑unit buildings on separate APNs
- Approximately 16,511 square feet of improvements on a combined 12,012‑square‑foot lot
- Unit mix: (2) three‑bedroom/two‑bathroom units, (14) one‑bedroom/one‑bathroom units, and (2) studios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,283
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,865,660
$3.9M
Cap Rate 7%
$2,761,186
$2.8M
Cap Rate 9%
$2,147,589
$2.1M
Market Conditions
NOI Build-Up for 12,012 SF
Gross rent
$382.0K $31.80/SF
− Vacancy
−$30.6K −$2.54/SF
EGI
$351.4K $29.26/SF
− OpEx
−$158.1K −$13.17/SF
NOI
$193.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,865,660
Cap Rate 7%
$2,761,186
Cap Rate 9%
$2,147,589
Alternative Uses
Best Use
Apartment 5plus
$2.76M
$2.42M – $3.22M
NOI $193,283 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.43M
$5.63M – $7.50M
NOI $450,182 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
18
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 90249, CA
27,125
Population
9,292
Households
2.9
Avg Household Size
40
Median Age
26%
College-Educated
80%
High-School Grad
3.0 sq mi
ZIP Area
9,042
Density / Sq Mi
$84,921
Median Household Income
$43,336
Median Earnings
$1,705
Median Rent
$709,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two nine-unit buildings sit on separate parcels and include shared laundry facilities and on-site parking.
Where is this apartment building located?
The property is located at 1914 W El Segundo Boulevard Gardena, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 18 units across two nine‑unit buildings on separate APNs; Approximately 16,511 square feet of improvements on a combined 12,012‑square‑foot lot; Unit mix: (2) three‑bedroom/two‑bathroom units, (14) one‑bedroom/one‑bathroom units, and (2) studios
