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16015 Halldale Ave 3 Unit Apartment Building $1,950,000 ($650,000/Unit) 4.50% Cap Rate Gardena, CA 90247
INVESTMENT HIGHLIGHTS
- Employers: Aerospace (SpaceX, Northrop Grumman), Automotive( Honda, Toyota), and energy (Chevron, Phillips, Tesoro)
- Schools & Parks: 5 minute walk to Denker Elementary, Peary Middle School, Mas Fukai Park
- Shopping: 10 minute walk to Pacific Plaza and Gardena Plaza are a few blocks away. 5 minute drive to 99 Ranch Market, Sam's Club.
EXECUTIVE SUMMARY
History: 2025 Flat Roof Replacement, 2021 Renovation, 2017 Tile Roof Reset, 1990 Construction
South Bay Los Angeles, encompassing cities like Torrance, El Segundo, Redondo Beach, and Hawthorne, hosts major employers primarily in aerospace, defense, manufacturing, and logistics. Aerospace giants dominate due to the region's historical and ongoing role as an innovation hub. Other sectors include energy, automotive finance, and port-related operations.?
Aerospace and Defense:
Northrop Grumman operates extensively in Redondo Beach, Manhattan Beach, and El Segundo, focusing on systems engineering, aircraft design, spacecraft, and satellite communications. Boeing and Lockheed Martin maintain significant presences for advanced manufacturing and defense technologies. SpaceX in Hawthorne drives hard tech innovation, spawning alumni-led startups.?
Automotive:
Honda (American Honda Finance) and Toyota Financial Services employ thousands in Torrance for automotive and financial operations. Energy companies like Chevron, Phillips 66, and Tesoro support refining and logistics near the Port of Los Angeles. Pelican Products in Torrance produces protective cases and equipment.
South Bay Los Angeles, encompassing cities like Torrance, El Segundo, Redondo Beach, and Hawthorne, hosts major employers primarily in aerospace, defense, manufacturing, and logistics. Aerospace giants dominate due to the region's historical and ongoing role as an innovation hub. Other sectors include energy, automotive finance, and port-related operations.?
Aerospace and Defense:
Northrop Grumman operates extensively in Redondo Beach, Manhattan Beach, and El Segundo, focusing on systems engineering, aircraft design, spacecraft, and satellite communications. Boeing and Lockheed Martin maintain significant presences for advanced manufacturing and defense technologies. SpaceX in Hawthorne drives hard tech innovation, spawning alumni-led startups.?
Automotive:
Honda (American Honda Finance) and Toyota Financial Services employ thousands in Torrance for automotive and financial operations. Energy companies like Chevron, Phillips 66, and Tesoro support refining and logistics near the Port of Los Angeles. Pelican Products in Torrance produces protective cases and equipment.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,950,000 | Apartment Style | Townhome |
| Price Per Unit | $650,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 4.50% | Building Size | 6,441 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | ||
| Zoning | GAR2 | ||
| Price | $1,950,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,441 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1990 |
| Zoning | GAR2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | 1,100 |
| 2+2.5 | 1 | - | 1,200 |
| 3+2.5 | 1 | - | 1,750 |
1 1
Walk Score®
Very Walkable (83)
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16015 Halldale Ave
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