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16511 S Denver Avenue, Gardena, CA 90248

$3,200,000 Approx. USD 17 beds, 16 baths
9,528 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Jonathan Nikfarjam | jonathan@shieldcre.com
Lic#: 01856803
Broker: Courtesy of Shield CRE, Inc.
Phone: 310-593-9868

Agent Remarks

16-Unit Investment Opportunity in Gardena P.O.: 12-unit structure and 4-unit structure, situated on a large 12,831-SF corner lot. Favorable Rent Control Profile: 12 units were built in 1988 and are not subject to LA City Rent Control (AB 1482 only) and 4 units were built in 1965 and are subject to L.A. RSO. Large Corner Lot with ADU Potential: Expansive lot and ample parking areas present a desirable opportunity to add ADUs (Buyer to Verify). Strong Cash Flow & Rental Upside: Offering a 5.77% current cap rate and 10.91 GRM with upside to a 7.13% pro-forma cap rate and 9.41 GRM. Recent Capital Improvements: Features newer windows and doors, 6 renovated units, a new roof on the 12-unit building (2018), copper plumbing for both buildings, a new main water line, newer sewer line (2021/2022), and the property passed the SB 721 balcony inspection. Attractive Property Amenities: Gated property featuring 24 total parking spaces and an on-site laundry facility. Convenient South Bay Location: Located approximately one-half mile from Artesia Boulevard and in close proximity to Pacific Square Shopping Center & Gardena Marketplace.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26857357

Price: $3,200,000

Beds: 17

Baths: 16

Built in 1988

9,528 sqft

2 stories

0.29 acres

Lot size: 0.2946

County: Los Angeles

Zoning: LAR3

Appliances: Washer

Parking description: Covered,Garage,Tandem

MLS area: 116 - North Gateway

Last Updated: 9/14/2026

Days On Market (DOM): 119

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This listing belongs to the 116 - North Gateway MLS area

Lat/Long: 33.881443, -118.283989.
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