16506 S Denver Avenue, Gardena, CA 90248
Property · 2 recorded sales since 2013
Sold August 2026
Listing Agent: Carlos Villegas (DRE #01775788) · Listing Office: eXp Realty of California Inc · Contact: 888-584-9427 · Bought with: Shegun Alabi · Victory Realty Group · MLS #26849205 · Source: CRMLS
How this sale compares
16506 S Denver Avenue sold for $1,200,000 in August 2026, at its full list price, after 13 days on the market. That works out to $304 per square foot on 3,948 square feet. Across 48 closed sales in 90248 over the last 12 months, the median sold price is $771,500 and the median is $528 per square foot, 74% above this sale's $304.
| Quarter | Closed sales in 90248 | Median sold price |
|---|---|---|
| Q1 2026 | 4 | $713,000 |
| Q2 2026 | 22 | $790,363 |
| Q3 2026 | 19 | $770,000 |
| Q4 2026 | 3 | $280,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Gardena · Homes for sale in 90248
Description
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
Listing description from the August 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 16506 S Denver Avenue
16318 S Denver Avenue: Sold $770,000 · 5 bd · 3 ba · 1,157 sqft · Sep 2026 · 0.1 mi
Luxury Collective | DRE #01240974
Buyer's agent: Akunna Odii, HomeQuest Real Estate | DRE #02166950433 W Gardena Boulevard: Sold $550,000 · 3 bd · 1 ba · 1,460 sqft · Aug 2026 · 0.1 mi
Equity Union | DRE #01776328
Buyer's agent: Francis Enriquez, Ladera Home Realty | DRE #01461203513 W 169th: Sold $810,000 · 4 bd · 2 ba · 1,377 sqft · May 2026 · 0.2 mi
Keller Williams Realty | DRE #01473411
Buyer's agent: Crystal Ramirez, ROA California Inc | DRE #02040800523 W 170th: Sold $670,000 · 3 bd · 2 ba · 1,296 sqft · Sep 2026 · 0.3 mi
JohnHart Corp | DRE #02031630
Buyer's agent: Diamond Simien, D.S & CO REALTY | DRE #0198222316928 S Broadway Street: Sold $700,000 · Jun 2026 · 0.4 mi
Forward Real Estate | DRE #02118986
Buyer's agent: Thomas Liu, HAPPY HOME REALTY, INC | DRE #0145543115709 S Ball Avenue: Sold $751,000 · 3 bd · 2 ba · 1,316 sqft · Apr 2026 · 0.8 mi
Infinity Realty & Loans | DRE #01999773
Buyer's agent: Kayla Perry, Coldwell Banker Envision | DRE #02196070241 E 158th Street: Sold $599,000 · 3 bd · 2 ba · 1,450 sqft · May 2026 · 0.8 mi
Dynasty Real Estate | DRE #01927597
Buyer's agent: Luz Hernandez, Premier Realty Associates | DRE #01438158435 E Gardena Boulevard 10: Sold $280,000 · 2 bd · 2 ba · 1,040 sqft · Oct 2026 · 0.9 mi
First Family REALTORS | DRE #02128734
Buyer's agent: John Guzman, eXp Realty of Greater Los Angeles | DRE #02149487
Closed sales reported in 90248, nearest first, last 12 months. All recent sales in Gardena →