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16105 S Denker Ave 7 Unit Apartment Building Offered at $2,250,000 at a 3.98% Cap Rate Gardena, CA 90247
INVESTMENT HIGHLIGHTS
- Highly Desirable Gardena Location – South of Redondo Beach Boulevard | 1985 Construction | No L.A. City Rent Control - Defaults to AB 1482*
- Outstanding Unit Mix of 3-Bedroom and 2-Bedroom Units | 7,323-SF Building on a Large 11,436-Square Foot Lot | Total of 15 Parking Spaces
- Private Balconies | New Hot Water Heater with New Circulation Pump (2025) | On-Site Laundry Facility - Generates Additional Annual Income
- Tremendous Value-Add Opportunity – Approximately 58% in Rental Upside | 7.62% Pro-Forma Cap Rate & 9.77 Pro-Forma GRM
- Desirable Opportunity to Add ADUs | Spacious Units – Averaging Approximately 1,046-SF Per Unit
- Close Proximity to Pacific Square Shopping Center & Gardena Market Place
EXECUTIVE SUMMARY
ASSET
7-unit apartment located in Gardena. No local rent control – defaults to AB 1482. The property was built in 1985 and is comprised of (one) 3-bedroom/2.5-bathroom townhouse, (one) 3-bedroom/2-bathroom unit, (one) 2-bedroom/2-bathroom unit and (four) 2-bedroom/1-bathroom units. Situated on a large 11,436-SF lot, the property is gated and features private balconies, new hot water heater with new circulation pump (2025), an on-site laundry facility and a total of 15 parking spaces. The large lot presents a desirable opportunity to add ADUs.
LOCATION
16105 S. Denker Avenue is located in a desirable pocket of Gardena, south of Redondo Beach Boulevard. The asset is just two blocks from the Pacific Square Shopping Center and in close proximity to Gardena Market Place the many retail shops, restaurants, entertainment, and shopping centers of the area.
FINANCIALS
This 7,323-SF apartment presents a tremendous value-add opportunity with rents that are +/-58% below market. Priced at a pro-forma cap rate of 7.62% and pro-forma GRM of 9.77, the asset provides spectacular upside potential in an incredibly strong location.
Disclosure:
Gardena is not subject to local rent control; however, Gardena has Rent Mediation.
Please do not disturb tenants. Buyer to conduct their own due diligence and investigation.
7-unit apartment located in Gardena. No local rent control – defaults to AB 1482. The property was built in 1985 and is comprised of (one) 3-bedroom/2.5-bathroom townhouse, (one) 3-bedroom/2-bathroom unit, (one) 2-bedroom/2-bathroom unit and (four) 2-bedroom/1-bathroom units. Situated on a large 11,436-SF lot, the property is gated and features private balconies, new hot water heater with new circulation pump (2025), an on-site laundry facility and a total of 15 parking spaces. The large lot presents a desirable opportunity to add ADUs.
LOCATION
16105 S. Denker Avenue is located in a desirable pocket of Gardena, south of Redondo Beach Boulevard. The asset is just two blocks from the Pacific Square Shopping Center and in close proximity to Gardena Market Place the many retail shops, restaurants, entertainment, and shopping centers of the area.
FINANCIALS
This 7,323-SF apartment presents a tremendous value-add opportunity with rents that are +/-58% below market. Priced at a pro-forma cap rate of 7.62% and pro-forma GRM of 9.77, the asset provides spectacular upside potential in an incredibly strong location.
Disclosure:
Gardena is not subject to local rent control; however, Gardena has Rent Mediation.
Please do not disturb tenants. Buyer to conduct their own due diligence and investigation.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$146,040
|
$19.94
|
| Other Income |
$1,440
|
$0.20
|
| Vacancy Loss |
$4,424
|
$0.60
|
| Effective Gross Income |
$143,056
|
$19.54
|
| Taxes |
$28,125
|
$3.84
|
| Operating Expenses |
$25,360
|
$3.46
|
| Total Expenses |
$53,485
|
$7.30
|
| Net Operating Income |
$89,571
|
$12.23
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $146,040 |
| Annual Per SF | $19.94 |
| Other Income | |
|---|---|
| Annual | $1,440 |
| Annual Per SF | $0.20 |
| Vacancy Loss | |
|---|---|
| Annual | $4,424 |
| Annual Per SF | $0.60 |
| Effective Gross Income | |
|---|---|
| Annual | $143,056 |
| Annual Per SF | $19.54 |
| Taxes | |
|---|---|
| Annual | $28,125 |
| Annual Per SF | $3.84 |
| Operating Expenses | |
|---|---|
| Annual | $25,360 |
| Annual Per SF | $3.46 |
| Total Expenses | |
|---|---|
| Annual | $53,485 |
| Annual Per SF | $7.30 |
| Net Operating Income | |
|---|---|
| Annual | $89,571 |
| Annual Per SF | $12.23 |
PROPERTY FACTS
| Price | $2,250,000 | Apartment Style | Garden |
| Price Per Unit | $321,429 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 7,323 SF |
| Cap Rate | 3.98% | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.41 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1985 |
| Property Type | Multifamily | Parking Ratio | 2.05/1,000 SF |
| Zoning | GAR3 | ||
| Price | $2,250,000 |
| Price Per Unit | $321,429 |
| Sale Type | Investment |
| Cap Rate | 3.98% |
| Gross Rent Multiplier | 15.41 |
| No. Units | 7 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.26 AC |
| Building Size | 7,323 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | GAR3 |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | $2,700 | - |
| 3+2 | 1 | $2,050 | - |
| 2+2 | 1 | $1,550 | - |
| 2+1 | 4 | $1,468 | - |
1 1
Walk Score®
Very Walkable (87)
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16105 S Denker Ave
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