Multi-Tenant Retail
For Sale
Contact for pricing
1942 W Redondo Beach Blvd, Gardena, CA 90247
Retail building built in 1966 with one existing tenant, positioned among national and residential neighbors.
Property Size9,272 SF
Lot Size0.21 Acres
Price / SF$256.15
Days on Market56
Property Features for 1942 W Redondo Beach Blvd
General Information
Standard status
Active
Size
9,272 SF
Lot size
0.21 Acres
Property subtype
Retail
Building Details
Year Built
1966
Tenancy
Single
Listing Agency:
Jones RE Commercial Real Estate
Listed By:
Greg Jones · License #CA 00661121
Source:
Crexi
Added: Jun 13
Changed: Jul 10
Last Checked: Aug 5 at 3:20PM
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 Jones RE Commercial Real Estate
Investment Insights
Based on property information with market context.
The property is a retail building built in 1966, offering approximately 5,008 square feet of building area on a lot of approximately 9,272 square feet, per the County Tax Assessor. The current configuration is a single-tenant setup.
Located at 1942 W Redondo Beach Blvd in Gardena, CA, the center is surrounded by other national and regional tenants as well as apartments and residential properties, creating a built-in mix of commercial and neighborhood foot traffic.
This asset is suited for an owner-operator or investor seeking a retail building with an in-place tenant. With a straightforward single-tenant arrangement and a site established since the mid-1960s, it may appeal to buyers looking for a manageable ownership profile in a commercial-residential environment. Please note that additional details on tenant terms, lease structure, and operating specifics were not provided.
Located at 1942 W Redondo Beach Blvd in Gardena, CA, the center is surrounded by other national and regional tenants as well as apartments and residential properties, creating a built-in mix of commercial and neighborhood foot traffic.
This asset is suited for an owner-operator or investor seeking a retail building with an in-place tenant. With a straightforward single-tenant arrangement and a site established since the mid-1960s, it may appeal to buyers looking for a manageable ownership profile in a commercial-residential environment. Please note that additional details on tenant terms, lease structure, and operating specifics were not provided.
Key Highlights
- Retail building built in 1966
- Approximately 5,008 SF building size
- Approximately 9,272 SF lot size (per County Tax Assessor)
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
$205,139
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
8.64%
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%
$4,102,780
$4.1M
Cap Rate 7%
$2,930,557
$2.9M
Cap Rate 9%
$2,279,322
$2.3M
Market Conditions
NOI Build-Up for 9,272 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
$313.8K $33.84/SF
− Vacancy
−$20.7K −$2.23/SF
EGI
$293.1K $31.61/SF
− OpEx
−$87.9K −$9.48/SF
NOI
$205.1K $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%
$4,102,780
Cap Rate 7%
$2,930,557
Cap Rate 9%
$2,279,322
Alternative Uses
Best Use
Retail
$2.93M
$2.56M – $3.42M
NOI $205,139 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.96M
$4.34M – $5.79M
NOI $347,493 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
329k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Dining 32%
Apparel 14%
Groceries 14%
VONS
Groceries
46,731 visits/mo
0.3 miles
Ross Dress for Less
Apparel
43,036 visits/mo
0.4 miles
McDonald's
Dining
28,050 visits/mo
0.5 miles
Starbucks
Dining
27,105 visits/mo
0.4 miles
Bank of America
Shops & Services
25,381 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building built in 1966 with one existing tenant, positioned among national and residential neighbors.
Where is this retail space located?
The property is located at 1942 W Redondo Beach Blvd Gardena, CA.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Retail building built in 1966; Approximately 5,008 SF building size; Approximately 9,272 SF lot size (per County Tax Assessor)
