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Under contract
  • $1,200,000

    16506 S Denver Ave, Gardena, CA 90248

    9beds
    7baths
    3,948sqft
    : 
    $8,145/mo
    Get pre-qualified
    Multi Family
    Built in 1965
    -- sqft lot
    $1,198,900 Zestimate®
    $304/sqft
    $-- HOA

    What's special

    Exceptional opportunity to acquire a well-maintained 4-unit apartment building in the heart of Gardena, offering strong current income with significant upside potential. The property consists of two spacious 3-bedroom, 2-bath units, one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit, providing an attractive unit mix for a wide range of tenants.Each unit benefits from individual yard space, garage parking, and additional side parking amenities that are highly desirable and help support long-term tenant retention. The property has been well cared, recently completed exterior paint, and upgraded plumbing. Currently occupied by long-term tenants paying below-market rents, this asset presents a clear value-add opportunity for investors seeking future rental growth and increased cash flow. With low maintenance requirements and competitive pricing, the property is well-positioned for repositioning to maximize both income and equity appreciation. Conveniently located in a high-demand rental market near major freeways, employment centers, shopping, dining, and public transportation, this is an ideal investment for both seasoned and first-time multifamily investors looking to build long-term wealth through real estate. BEST PRICED IN THE IMMEDIATE AREA
    37 days
    |
    112
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Carlos Villegas DRE # 01775788 661-619-7335,

    eXp Realty of California Inc 888-584-9427

    Source: CLAW,MLS#: 26849205MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 7
      Heating
      • Wall
      Cooling
      • Window Unit(s), Wall/Window Unit(s)
      Interior area
      • Total structure area: 3,948
      • Total interior livable area: 3,948 sqft

      Property

      Parking
      • Parking features: Attached, Detached
      • Has attached garage: Yes
      Features
      • Levels: Two
      Lot
      • Size: 6,529 Square Feet
      Details
      • Additional structures: None
      • Parcel number: 6121004020
      • Zoning: LAR3
      • Special conditions: Standard
      • Other equipment: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1965

      Community & HOA

      Location
      • Region: Gardena

      Financial & listing details

      • Price per square foot: $304/sqft
      • Tax assessed value: $686,471
      • Annual tax amount: $9,278
      • Date on market: 6/18/2026

        Estimated market value

        $1,198,900

        $1.14M - $1.26M

        $2,761/mo

        Price history

        DateEventPrice
        7/11/2026Contingent$1,200,000$304/sqft
        Source: CLAW #26849205 Report a problem
        6/18/2026Listed for sale$1,200,000+114.3%$304/sqft
        Source: CLAW #26849205 Report a problem
        5/8/2025Listing removed$3,450$1/sqft
        Source: CRMLS #P1-22043 Report a problem
        5/3/2025Listed for rent$3,450+79.2%$1/sqft
        Source: CRMLS #P1-22043 Report a problem
        5/1/2025Listing removed$1,925
        Source: CRMLS #P1-21795 Report a problem
        4/17/2025Listed for rent$1,925
        Source: CRMLS #P1-21795 Report a problem
        9/30/2013Sold$560,000+143.5%$142/sqft
        Source: Public Record Report a problem
        7/27/1998Sold$230,000$58/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,278 +1.6%$686,831 +2%
        2024$9,129 +1.9%$673,371 +2%
        2023$8,959 +4.6%$660,176 +2%
        2022$8,566 +1.5%$647,239 +2%
        2021$8,440 -0.9%$634,557 +1%
        2020$8,515 $628,055 +2%
        2019$8,515 +5.4%$615,748 +2%
        2018$8,076 $603,682 +2.1%
        2017$8,076 +2.2%$591,494 +2%
        2016$7,904 +2.8%$579,897 +1.5%
        2015$7,690 +1.1%$571,188 +2%
        2014$7,609 $560,000 +103%
        2012-- $275,915 +2%
        2011-- $270,506 +0.8%
        2010-- $268,486 -0.2%
        2009-- $269,125 +2%
        2008-- $263,849 +2%
        2007-- $258,676 +2%
        2006-- $253,605
        2005-- $253,605 +4%
        2004-- $243,759 +1.9%
        2003-- $239,292 +2%
        2002-- $234,600
        2000-- $234,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 90248

        Getting around

        65 / 100
        Somewhat Walkable
        41 / 100
        Some Transit
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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