FULLY OCCUPIED PROPERTY. DELIVERED FULLY OCCUPIED. DRIVE-BY ONLY! Submit offer subject to interior inspection! We are pleased to present 1148 W 166th St in Gardena, a compelling 4-unit investment opportunity offering significant upside and long-term growth potential. The property features a standalone 3-bedroom, 1-bathroom front house, providing strong owner-user appeal… Read More or the ability to capture premium rental income, a key differentiator from typical multifamily assets. The investment is highlighted by a 48% rental upside, presenting a clear mark-to-market opportunity for investors to substantially increase income and overall returns. Coupled with its strong value-add potential, the property is well-suited for repositioning through interior and exterior improvements to maximize rental performance. Additionally, the property offers ADU development potential under SB1211, allowing for the possibility to build up to 4 additional units (buyer to verify), creating a clear path to increased density and enhanced long-term value. Priced as the lowest 4-unit property currently available in the city of Gardena, the offering is strategically positioned to attract strong investor interest while delivering both immediate upside and future development potential. Read Less
Property listed by Marcus & Millichap, 310-259-7556
Listing Snapshot
Days Online
52
Last Updated
Beds
6
Square Ft.
2,597
Lot Size
0.22 Acres
Year Built
1956
MLS Number
26832397
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1956, Living area: 2597.0, 2 buildings, 1 storey, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $66,108, Net Operating Income: $38,025
Lot
0.2159 acres
Parking
4 total parking spaces, Covered
Taxes
Parcel Number: 6111009033, Zoning: GAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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