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    Property profile & analytics

    15240 Crenshaw Blvd Gardena, CA 90249-4049

    • Investment properties
    • 1,837 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Dec 08, 2023
    $810,008
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    3.2%
    Investment properties
    Location Intelligence
    Property ID
    US09-9865110
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gardena Smog Check & Auto Rpr / Auto Repair Shop

    Property Details for 15240 Crenshaw Blvd

    Year built
    1943
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    1,837 SF
    Zone code
    GAC3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    4069-004-013
    APU
    4069004013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $910,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $570,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,030,000
      Market price range: $447k - $1.03M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $760,000
      Current use
      AUTO REPAIR, GARAGE
      $1,185,000
      Change: +56% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,120,000
      Change: +47% Conversion: Difficult
      WAREHOUSE, STORAGE
      $885,000
      Change: +16% Conversion: Difficult
      MEDICAL BUILDING
      $835,000
      Change: +10% Conversion: Easy
      OFFICE BUILDING
      $675,000
      Change: -12% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gardena
    County
    Los Angeles
    State
    California
    Longitude
    -118.326
    Latitude
    33.8926
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,326
    $560,000
    $250,000
    $810,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $625,000
      3,319 SF

      15118 Crenshaw Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,319 SF
      15118 Crenshaw Blvd, Gardena, CA 90249-4047
      View Details
    • Value Estimation
      $890,000
      2,656 SF

      15122 Crenshaw Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,656 SF
      15122 Crenshaw Blvd, Gardena, CA 90249-4047
      View Details
    • Value Estimation
      $850,000
      2,668 SF

      1839 Marine Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,668 SF
      1839 Marine Ave, Gardena, CA 90249-3801
      View Details
    • Value Estimation
      $575,000
      1,076 SF

      2802 Marine Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,076 SF
      2802 Marine Ave, Gardena, CA 90249-3636
      View Details
    • Value Estimation
      $630,000
      3,921 SF

      14924 Western Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,921 SF
      14924 Western Ave, Gardena, CA 90249-3808
      View Details
    • Value Estimation
      $620,000
      1,478 SF

      2426 Marine Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,478 SF
      2426 Marine Ave, Gardena, CA 90249-3727
      View Details

    Similar Nearby for Sale

    • $1,350,000
      3,900 SF

      Gardena Business Opportunity: Prime Location

      Free-standing building, high ceilings, gated parking.
      14526 Crenshaw Blvd, Gardena, CA 90249
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      Gardena Mixed-Use Property: Huge Potential

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      Gardena Industrial Investment Opportunity

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      Spacious Townhouse in Gardena

      Two-bedroom townhouse with private patio and attached two-car garage.
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    • $300,000
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      Established Car Wash Business Opportunity

      Well-maintained car wash business with high visibility in Gardena, CA.
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    • $5,100,000

      Gardena Multifamily Property For Sale

      Multifamily property in Gardena, sold AS-IS, needs updates.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      41,985 SF

      Gardena Executive Office Space

      41,985 SF Office, Prime Location
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      View Details
    • $1.25 SF/Yr
      5,416 SF

      Gardena Warehouse Space Available

      5,416 sqft warehouse space for lease in Gardena, CA.
      14404 Gramercy Pl, Gardena, CA 90249
      View Details
    • Contact for pricing
      190,860 SF

      Gardena Freestanding Industrial Building

      Freestanding building in Gardena with on-site parking and ample power.
      1600 W 135Th St, Gardena, CA 90249
      View Details
    • Contact for pricing
      10,364 SF

      Industrial Building with Fenced Yard

      10,364 SF industrial building featuring a private fenced yard.
      13721 Harvard Pl, Gardena, CA 90249
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    • Contact for pricing
      2,960 SF

      Fenced Yard with Office/Warehouse

      Fenced yard with office/warehouse space available for lease.
      14401 S Western Ave, Gardena, CA 90249
      View Details
    • Contact for pricing
      10,364 SF

      Gardena Freestanding Building For Rent

      Freestanding building with fenced yard and ample office space.
      13722 Harvard Pl, Gardena, CA 90249
      View Details
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    Gardena, CA 90249-4049
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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