400 Redondo Beach BlvdGardena, CA 90248

Property Details for 400 Redondo Beach Blvd

Year built

1970

Construction

TILT-UP CONCRETE

Lot size

4.61 AC

Property size (Sq ft)

19,875 SF

Zone code

LCM2*

Property type

Industrial properties

Property subtype

Other warehouses

APN

6129-021-030

APU

6129021030

Description

This exceptional 17,721 square foot industrial property in Gardena, CA, presents a compelling investment opportunity. Located at 400 W Redondo Beach Blvd, this stabilized, eight-unit complex boasts a 5.12% pro-forma cap rate and a strong $332,930 pro-forma NOI. Recently renovated in 2024, the property features a single, one-story building constructed in 1987, situated on a 33,692 square foot lot with M1 zoning. The property offers eight ground-level loading docks and a 16-foot clear height, ideal for various industrial uses. A full concrete yard, secured by a new wrought iron fence and automated gate, enhances security and operational efficiency. Its prime location provides immediate access to the 110 Freeway, offering unparalleled connectivity to LAX, Downtown Los Angeles, and the Ports of Los Angeles and Long Beach. Currently 77.8% occupied, this investment benefits from a diverse tenant mix and strong market fundamentals, promising a stable and reliable income stream. The asking price is $6,696,720, with a price per square foot of $377.90 and a price per unit of $837,090. The property's strategic location, modern amenities, and robust industrial activity in the surrounding area make it a premier investment in the dynamic Los Angeles market. APN: 6129-004-038.

• Alternative Use

  Use

  Valuation

  Residential

  $5,627,692

  Hospitality

  $5,154,936

  Educational

  $4,288,846

  Medical

  $4,436,346

  Retail

  $6,671,538

Location Insight

City

Gardena

County

Los Angeles

State

California

Latitude

33.8922

Longitude

-118.269

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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