52
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$1,850,000
Est. payment /mo
7,800 SqFt
Active
14604 Crenshaw Blvd Gardena, CA 90249
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,800 sqft
Price per Sqft $237
MLS Listing ID 25-488691
Year Built 1955
Lot Size 0.358 Acres
Acres 0.3584
Property Description
14604-14612 Crenshaw Boulevard is a prime multi-tenant retail property in Gardena, CA, featuring five units ranging from approximately 1,000 to 1,900 square feet, totaling 7,800 square feet of rentable space on a 15,613 square foot C-3 zoned lot. Currently 100% occupied, 14604 Crenshaw Boulevard offers an excellent value-add investment or owner-user opportunity. Three units are rented on a triple-net basis at an average rate of $2.46 per square foot, per month (including NNN's). The remaining two units are leased on a month-to-month basis nearly 50% below market rents, offering immediate upside through strategic lease negotiations or repositioning. The existing lease flexibility also allows an owner-user the ability to occupy over 51% of the property and benefit from SBA financing with as little as 10% down, making the bottom-line cost to operate lower than similar available space in the area after offsetting costs with rental income from the other tenants. The property includes a private, gated parking lot with 15 spaces, accessible from the rear alley, offering convenient access to all units. With 104 feet of frontage along Crenshaw Boulevard, the property enjoys excellent visibility and a daily traffic count of nearly 30,000 vehicles. Gardena's robust demographics feature a population of over 720,000 within a five-mile radius of the subject property and an average household income exceeding $83,000 within 2 miles. The area serves as a significant commercial hub with strong demand and proximity to major employers such as SpaceX, Tesla, Northrop Grumman, Boeing, and Ring. Easy access to key markets and transportation hubs further enhances the property's appeal, bordered by the 105, 110, 405, and 91 freeways.
Location
State CA
County Los Angeles
Area Mccarthy
Zoning GAC3
Others
Special Listing Condition Standard
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