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1031 Exchange Gardena, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Gardena due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Gardena, California is a part of the Hawthorne/North Torrance Submarket submarket area, and contains 3 zip codes: 90249, 90248, and 90247.

Gardena Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Gardena, CA submarket area was $1,350, which is 25.70% lower than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Gardena, CA was 1.30%.

The total population of the city of Gardena, CA has grown 1.52% since 2010. As of 2018, the population was 59,721. The median household income of the Gardena was $55,351, which is 8.20% lower than the national average.

  • submarket area Hawthorne / North Torrance Submarket
  • avg rent $1,350
  • rent growth 25.70%
  • vacancy 1.30%
  • median income $55,351
  • population (2018) 59,721
  • population growth 1.52%
  • vs. nat'l avg 8.20%
  • zip codes 90247 90248 90249

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