Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16224 Western Ave Gardena, CA 90247-4632

    • Motels
    • 7,650 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Aug 24, 2020
    $5,250,052
    Value Estimations
    $5,815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8487357
    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

    • Motels

    Property Details for 16224 Western Ave

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    7,650 SF
    Zone code
    GAO
    Property type
    Motels
    APN
    6105-004-036
    APU
    6105004036

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,075,000
      ML approach
      $7,080,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,409,000
      Market price range: $1.50M - $5.28M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,980,000
      AUTO REPAIR, GARAGE
      $4,935,000
      NEIGHBORHOOD: SHOPPING CENTER
      $4,655,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gardena
    County
    Los Angeles
    State
    California
    Longitude
    -118.309
    Latitude
    33.883
    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
    $27,336
    $1,255,408
    $776,803
    $2,032,211
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $800,000
      5,566 SF

      16119 Western Ave

      MOTEL • 5,566 SF
      16119 Western Ave, Gardena, CA 90247-3709
      View Details
    • Value Estimation by Request
      4,666 SF

      15614 Vermont Ave

      MOTEL • 4,666 SF
      15614 Vermont Ave, Gardena, CA 90247-4120
      View Details
    • Value Estimation
      $650,000
      8,096 SF

      15820 Western Ave

      MOTEL • 8,096 SF
      15820 Western Ave, Gardena, CA 90247-3704
      View Details
    • Value Estimation
      $980,000
      14,481 SF

      15824 Western Ave

      MOTEL • 14,481 SF
      15824 Western Ave, Gardena, CA 90247-3704
      View Details
    • Value Estimation by Request
      4,952 SF

      1351 Redondo Bch Blvd

      MOTEL • 4,952 SF
      1351 Redondo Bch Blvd, Gardena, CA 90247-3320
      View Details
    • Value Estimation
      $1,610,000
      22,405 SF

      15607 Normandie Ave

      MOTEL • 22,405 SF
      15607 Normandie Ave, Gardena, CA 90247-4015
      View Details

    Similar Nearby for Sale

    • $1,189,000
      3,128 SF

      Gardena Commercial Building - High Traffic Area

      Prime Gardena location, warehouse, office, auto repair.
      16820 Western Ave, Gardena, CA 90247
      View Details
    • $290,000

      Established Japanese Restaurant in Gardena

      Well-established Japanese restaurant for sale in Tozai Plaza.
      1747 W Redondo Beach Blvd, Gardena, CA 90247
      View Details
    • $1,250,000

      Established Tire Shop on Commercial Lot

      Tire shop on a prime commercial lot for sale.
      15105 S Normandie Ave, Gardena, CA 90247
      View Details
    • $800,000
      6,814 SF

      Gardena Industrial Property For Sale

      Industrial property in Gardena, suitable for owner/user or investor.
      1219-1223 W El Segundo Blvd, Gardena, CA 90247
      View Details
    • $1,499,000
      4,449 SF

      Well-Maintained Gardena Quadruplex For Sale

      Four-unit property in Gardena with redevelopment potential and convenient location.
      1040 W 165Th Pl, Gardena, CA 90247
      View Details
    • $899,000
      2,800 SF

      Gardena Office Building - Great Location!

      Prime Gardena Office, High Traffic Area, 2800 sq ft
      16430 Western Ave, Gardena, CA 90247
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      1,410 SF

      Gardena Warehouse: 1410 SF Available

      Affordable Flex Space, Prime Gardena Location
      1311 130Th St, Gardena, CA 90247
      View Details
    • $1.65 SF/Yr
      2,600 SF

      Gardena Flex Space Available

      Flex space with freeway access and El Segundo Boulevard exposure.
      1320 W El Segundo Blvd, Gardena, CA 90247
      View Details
    • $2,330 /Mo

      Gardena Multi-Tenant Office Space

      Office space in a convenient Gardena location near highways.
      16012 S Western Ave, Gardena, CA 90247
      View Details
    • $1.45 SF/Yr
      14,040 SF

      Gardena Warehouse with Secure Yard

      14,040 SF warehouse with fenced and paved yard.
      1215 W 132Nd St, Gardena, CA 90247
      View Details
    • $1.50 SF/Yr
      2,953 SF

      Gardena Retail Space: Prime Location

      1,500 SF Vacant Retail Space in Gardena, CA
      844 Gardena Blvd, Gardena, CA 90247
      View Details
    • $22 SF/Yr
      2,064 SF

      Gardena Industrial Warehouse Space

      Modern warehouse, 2,064 sq ft, great access.
      1237 134Th St, Gardena, CA 90247
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16224 Western Ave
    Gardena, CA 90247-4632
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.