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16511 S Denver Avenue, Gardena, CA 90248

Gardena
Local realty services provided by:CENTURY 21 Masters
16511 S Denver Avenue,Gardena, CA 90248
$3,200,000
  • 17 Beds
  • 16 Baths
  • 9,528 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan nikfarjam
Office: shield cre, inc.310-593-9869
MLS#:26857357
Source:CRMLS

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$335.85

About this home

16-Unit Investment Opportunity in Gardena P.O.: 12-unit structure and 4-unit structure, situated on a large 12,831-SF corner lot. Favorable Rent Control Profile: 12 units were built in 1988 and are not subject to LA City Rent Control (AB 1482 only) and 4 units were built in 1965 and are subject to L.A. RSO. Large Corner Lot with ADU Potential: Expansive lot and ample parking areas present a desirable opportunity to add ADUs (Buyer to Verify). Strong Cash Flow & Rental Upside: Offering a 5.77% current cap rate and 10.91 GRM with upside to a 7.13% pro-forma cap rate and 9.41 GRM. Recent Capital Improvements: Features newer windows and doors, 6 renovated units, a new roof on the 12-unit building (2018), copper plumbing for both buildings, a new main water line, newer sewer line (2021/2022), and the property passed the SB 721 balcony inspection. Attractive Property Amenities: Gated property featuring 24 total parking spaces and an on-site laundry facility. Convenient South Bay...

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Home facts

  • Year built:1988
  • Listing ID #:26857357
  • Added:63 day(s) ago
  • Updated:September 10, 2026 at 11:21 AM

Rooms and interior

  • Bedrooms:17
  • Total bathrooms:16
  • Living area:9,528 sq. ft.

Structure and exterior

  • Year built:1988
  • Building area:9,528 sq. ft.
  • Lot area:0.29 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$335.85

Features and amenities

  • Appliances:Washer
  • Laundry features:Washer

Parking

  • Total parking spaces:24
  • Parking description:Covered, Garage, Tandem
  • Garage:Yes
  • Garage spaces:4
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