14604 Crenshaw Blvd - Storefront FOR SALE


Gardena, CA 90249
$1,850,000 USD
818-939-4058
14604 Crenshaw Blvd, Gardena, CA for Sale
$1,850,000 USD
Storefront - FOR SALE
1/52
null | 5.71% Cap Rate

14604 Crenshaw Blvd
Gardena, CA 90249


HIGHLIGHTS

  • 5-unit, 7,800 SF multi-tenant storefront retail on 15,613 SF C-3 lot (gated rear parking lot w/ 15 surface spaces)
  • 100% occupied – Three NNN tenants paying an average rent of $2.46/SF and two M2M tenants paying 50% below market rents
  • Ideal owner-user opportunity to purchase with as little as 10% down; bottom line cost to operate below cost to lease similar space nearby
  • Robust aerospace, logistics, and tech hub; nearby tenants include SpaceX, Amazon, Tesla, Ring
  • Easy access to major transportation arteries, bordered by the 1 05, 110, 405, and 91 freeways

OVERVIEW

The CREM Group is pleased to present 14604-14612 Crenshaw Boulevard for sale. This prime multi-tenant retail property in Gardena, CA, features 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.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

5.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

GAC3

APN/PARCEL ID

4064-012-026

ASK ABOUT THIS PROPERTY

Andrew LeffThe CREM GroupMore Info
818-939-4058

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Andrew LeffThe CREM GroupMore Info
818-939-4058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.