Casa Galleria, a 16-unit apartment complex located at 4550 West 173rd Street in Lawndale, California, presents a great opportunity to acquire a thoughtfully maintained asset in the desirable inland South Bay rental market, where easy access to beaches, employers, and freeway proximity contribute to consistent rental demand.
Casa Galleria consists of… Read More two eight-unit apartment buildings with all one-bedroom/one-bath units, as well as a management office. The property gleams with new exterior paint, landscaping and exterior lighting, and units have been renovated upon turnover with modern interiors. 11 of 16 units have been renovated. Furthermore, the roofs are newer and the parking lot is repaved. The units are separately metered for gas and master metered for electric and water; a RUBS program is in place to recoup utility costs and maximize net operating income.
The property is located just around the corner from the South Bay Galleria, which is undergoing a multimillion-dollar project that will redevelop a portion of the site to a mixed-use asset, signaling renter demand for the area. In addition to Galleria retailers, Casa Galleria residents enjoy convenient proximity to amenities, freeways, and recreation: Target and Sprouts are a half-mile away, the 405 Freeway is only a mile away, and the beach is a quick 10-minute drive. Read Less
Property listed by Steven M. Bogoyevac, Broker, Steven Bogoyevac 310-259-7556
Listing Snapshot
Days Online
17
Last Updated
Property Type
MixedUse
Lot Size
0.26 Acres
Year Built
1958
MLS Number
PW26149854
Additional Details
Building
Built in 1958, 2 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
Suburban
Expenses
Operating: $155,302
Income
Gross Income: $406,208, Gross ScheduledIncome: $364,129, Net Operating Income: $239,982
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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