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16505-16511 S Denver Ave
Gardena, CA 90248 Harbor Gateway North

$3,200,000 USD

Apartments For Sale • 9,528 SF

Property Details

Property Type Apartments
Total Building Size 9,528 SF
Lot Size 0.29 AC
Building Class C
Year Built 1988
Cap Rate 5.77 %
Zoning R3-1, Los Angeles

50 Transit Score

40 Walk Score

                
                    Highlights
                
                                12 Units are Non-Rent Controlled (AB 1482) and 4 Units are Rent Controlled (L.A. RSO)
                            
                                Large 12,831-SF Corner Lot | 12-Unit Building was Built in 1988 | Newer Windows, Newer Doors & 6 Units Recently Upgraded
                            
                                Gated Building with Total of 24 Parking Spaces | Roof Replaced in 2018 on 12-Unit Structure | Both Buildings Contain Copper Plumbing
                            
                                New Water Line & Newer Sewer Line (2021/2022) | Property Passed SB 721 Balcony Inspection
                            
                                Large Lot & Ample Parking Areas Present Desirable Opportunity to Add ADUs
                            
                                5.77% Cap Rate & 10.91 GRM | 7.13% Pro-Forma Cap Rate & 9.41 Pro-Forma GRM

Financial Summary (Actual)

Net Operating Income: $184,666 USD (2025)

Cap Rate:	5.77 %
Total Expenses:	$103,320 USD

Amenities

Laundry Facilities

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	15 min	-	10.4 mi
Los Angeles International	18 min	-	12.7 mi
Bob Hope	38 min	-	29.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Jonathan Nikfarjam 310-593-9868 Shield Commercial Real Estate

16505-16511 S Denver Ave Gardena, CA 90248 Harbor Gateway North