For Sale
$6,696,720

400 Redondo Beach BlvdGardena, CA 90248

8-Unit Multi-Tenant Investment, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 17,721 square foot industrial property in Gardena, CA, presents a compelling investment opportunity. Located at 400 W Redondo Beach Blvd, this stabilized, eight-unit complex boasts a 5.12% pro-forma cap rate and a strong $332,930 pro-forma NOI. Recently renovated in 2024, the property features a single, one-story building constructed in 1987, situated on a 33,692 square foot lot with M1 zoning. The property offers eight ground-level loading docks and a 16-foot clear height, ideal for various industrial uses. A full concrete yard, secured by a new wrought iron fence and automated gate, enhances security and operational efficiency. Its prime location provides immediate access to the 110 Freeway, offering unparalleled connectivity to LAX, Downtown Los Angeles, and the Ports of Los Angeles and Long Beach. Currently 77.8% occupied, this investment benefits from a diverse tenant mix and strong market fundamentals, promising a stable and reliable income stream. The asking price is $6,696,720, with a price per square foot of $377.90 and a price per unit of $837,090. The property's strategic location, modern amenities, and robust industrial activity in the surrounding area make it a premier investment in the dynamic Los Angeles market. APN: 6129-004-038.

Highlights

  • Exceptional investment opportunity in the highly sought-after South Bay industrial market of Unincorporated Los Angeles County.
  • 17,721 square foot industrial building on a 33,692 square foot lot, 77.8% leased, providing immediate cash flow.
  • M1 zoning, eight ground-level doors, 16-foot clear height, and a secure concrete yard.
  • Excellent freeway access via the 110 Freeway, providing easy access to LAX, Downtown LA, and the Ports of LA/Long Beach.
  • Recent renovations, strong tenant mix, and stable income stream.

Property Details for 400 Redondo Beach Blvd

Property type
Warehouses, Industrial properties
Square Feet
17,721 SF
Year Built/Renovated
1987/2024
Buildings
1
Stories
1
Units
8

Location Insight

City
Gardena
County
Los Angeles
State
California
Latitude
33.8928502302
Longitude
-118.28116277167
400 Redondo Beach Blvd, Gardena, California

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400 Redondo Beach Blvd
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