1835 166th Street, Gardena, CA 90247
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- MLS#: SB25060628 ( Apartment )
- Street Address: 1835 166th Street
- Viewed: 8
- Price: $3,100,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1961
- Bldg sqft: 0
- Days On Market: 38
- Additional Information
- County: LOS ANGELES
- City: Gardena
- Zipcode: 90247
- Provided by: Lyon Stahl Investment Real Estate, Inc.
- Contact: Robert Robert
- DMCA Notice
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DescriptionWelcome to 1835 1845 W 166th St, a 15 unit apartment building located in the nicest residential pocket of Gardena. Offered at a 5.61% CAP, 10.92 GRM, $206,667/unit and $264/sqft with 46% rental upside, this asset presents an excellent value add opportunity for investors. The property spans 11,740 sqft, offering a favorable mix of (9) 2 bed/1 bath and (6) 1 bed/1 bath units across two separate buildings on a single APN. Situated on a spacious 16,016 sqft corner lot on the west side of Western Ave, the property is conveniently located near El Camino College, Alondra Park, and Lincoln Elementary School. Additional amenities include 15 tandem parking spaces (30 total), two laundry rooms (each with leased W/D combos), a grassy yard, a central courtyard, and separate meters for gas and electricity. Rents are due for a rent increase of 5% + CPI (currently 8.9%), presenting an immediate opportunity for income growth. There are also significant ADU possibilities for (3) 3 bed/2 bath units in the covered parking while still maintaining on site parking for tenants. Inquire about debt quotes at 60% LTV, 5 year fixed rate at 5.95%. Underwriting and loan data reflect allowable rent increases. Please reach out for the Offering Memorandum.
Property Location and Similar Properties
Features
Association Fee
- 0.00
Building Area Total
- 11740.00
Carport Spaces
- 14.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- None
Country
- US
Days On Market
- 17
Electric Expense
- 1126.00
Fireplace Features
- None
Fuel Expense
- 3860.00
Garage Spaces
- 1.00
Gardner Expense
- 1650.00
Heating
- Central
Insurance Expense
- 14675.00
Laundry Features
- Community
Levels
- Two
Lockboxtype
- None
Lot Features
- 0-1 Unit/Acre
Netoperatingincome
- 173759.00
Number Of Separate Electric Meters
- 16
Number Of Separate Gas Meters
- 16
Parcel Number
- 4066024021
Pool Features
- None
Postalcodeplus4
- 4645
Professionalmanagementexpense
- 14196.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 434504577:CRM
Taxblock
- 26
Totalexpenses
- 101651.00
Trash Expense
- 6601.00
Uncovered Spaces
- 15.00
Water Sewer Expense
- 11683.00
Water Source
- Public
Year Built
- 1961
Year Built Source
- Assessor
Zoning
- GAR3