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1835 W 166th St
Gardena, CA 90247
Multifamily Property For Sale
·
15 Units
Investment Highlights
- Located in the highly desirable city of Gardena, which has no local rent control, only subject to statewide AB1482
- 15 units: (9) 2-bed/1-bath & (6) 1-bed/1-bath | 11,740 sqft building & 16,016 sqft corner lot
- Rents are due for a rent increase of 5% + CPI (currently 8.9%), presenting an immediate opportunity for income growth
- Offered at 5.61% cap rate, 10.92 GRM, $206,667/unit & $264/sqft with 46% rental upside - an excellent value-add opportunity for investors
- 15 tandem parking spaces (30 total), leased on-site laundry, grassy yard, central courtyard & separate meters for gas and electricity
- Significant ADU possibilities in the covered parking while still maintaining on-site parking for tenants - potential for (3) 3-bed/2-bath ADUs
Property Facts
| No. Units | 15 | Building Size | 17,862 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 2.56/1,000 SF |
| Lot Size | 0.37 AC | ||
| Zoning | R3, Gardena - restricted Density Multiple Dwelling | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 17,862 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.56/1,000 SF |
| Zoning | R3, Gardena - restricted Density Multiple Dwelling |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | $1,714 | - |
| 1+1 | 6 | $1,303 | - |
Property Taxes
| Parcel Number | 4066-024-021 | Improvements Assessment | $306,000 |
| Land Assessment | $2,448,000 | Total Assessment | $2,754,000 |
Property Taxes
Parcel Number
4066-024-021
Land Assessment
$2,448,000
Improvements Assessment
$306,000
Total Assessment
$2,754,000
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