14604 Crenshaw BlvdGardena, CA 90249

Property Details for 14604 Crenshaw Blvd

Year built

1955

Construction

WOOD

Lot size

0.36 AC

Property size (Sq ft)

7,800 SF

Zone code

GAC3

Property type

Retail properties

Property subtype

Retail space

APN

4064-012-026

APU

4064012026

Description

This exceptional 7,800 square foot multi-tenant retail property in Gardena, CA, is situated on a 0.36-acre lot (15,613 sq ft) zoned C-3. The building comprises five units ranging from approximately 1,000 to 1,900 square feet, currently 100% occupied. Three units are leased on a triple-net basis at an average of $2.46 per square foot, per month (including NNNs), while two units are month-to-month, offering significant upside potential. The property boasts a private, gated parking lot with 15 spaces, accessible from a rear alley. With 104 feet of frontage on Crenshaw Boulevard, it benefits from high visibility and approximately 30,000 vehicles passing daily. The strong demographics include over 720,000 people within a five-mile radius and an average household income exceeding $83,000 within two miles. Its location offers easy access to major freeways (105, 110, 405, and 91) and prominent employers such as SpaceX, Tesla, Northrop Grumman, Boeing, and Ring. The flexible lease terms also present an owner-user opportunity, allowing for occupancy of over 51% of the property and potential SBA financing with as little as 10% down. This presents a compelling value-add investment or owner-user opportunity with significant potential for increased profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $3,644,446

  6.5%

  $3,364,104

  7%

  $3,123,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,742,206

  Geo Method

  $4,742,206

• Alternative Use

  Use

  Valuation

  Residential

  $2,837,747

  Hospitality

  $2,599,361

  Educational

  $2,162,638

  Medical

  $2,237,014

  Retail

  $3,364,104

Location Insight

City

Gardena

County

Los Angeles

State

California

Latitude

33.899

Longitude

-118.326

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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