16806 S Western Avenue, Gardena, CA 90247

Property Description

We are proud to present 16800 S Western Avenue, located in the vibrant Western Avenue Corridor in the City of Gardena. This mixed-use property offers an opportunity for strong cash flow and growth potential in a location surrounded by strong commerce with global companies, an abundance of restaurants and entertainment, and a thriving population. It is currently operating at a 5.4% CAP with over 30% upside in rental increases and has an attractive price per door of 154k/Unit. This 6,499 Sq.Ft. Lot is situated on the corner of Western Avenue & 168th Street, and has 3,587 Sq.Ft. of rentable building space. 875 Sq.Ft. of the total rentable space is commercial (retail/office) and faces Western Avenue. The current owner will lease it back at market value for a barbershop. 2,700 Sq.Ft. of the total rentable space is allotted for 10-units of residential income. The unit mix consists of one (1) 2-Bed/1-Bath, three (3) 1-Bed/1-Bath, six (6) Studios . Property also features ample street parking, a garage (potentially up to 4 additional parking spaces), a laundry room, and extra bathroom for visitors of the space, all located towards the rear of the property. The current owner has done a tremendous amount of work to both the interior and exterior which includes new flooring, windows, stucco, electrical gates, new interior and exterior paint and more. The property is in close proximity to the business rich South Bay area of Los Angeles, surrounded by aerospace, technology, entertainment, automotive, manufacturing, and just minutes from the 405 and 110 freeway, which provides short and easy access to Downtown LA, LAX, Port of Los Angeles, the South Bay beach communities, as well as the new So-Fi Stadium in Inglewood. This premier mixed-use property brings the potential for established commercial and residential tenants in “The City of Opportunity” booming with growth and activity.