1835 W 166th Street

Gardena, CA 90247

  • 0 Bed(s)
  • 0 Bath(s)
  • 11,740 Sqft
  • 16016
    Sqft(Lot)
$3,100,000

Description

Welcome 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 Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49172270

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1961
    • Building Area Total: 11,740

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3677
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 16016

  • Listing Price Information

    • Original List Price: 3,100,000
    • Listing Contract Date: 2025-03-19

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4066024021

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 119 - Central Gardena
    • Postal Code Plus 4: 4645
    • Directions: On the corner of 166th St and Manhattan Pl
    • Zoning: GAR3
    • Source Property Type: Residential Income
    • Area: 119 - Central Gardena
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 64
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/21/2025 @ 07:01

  • MLS: SB25060628
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 11,740 sqft, 16,016 sized lot, and 1 parking. are nearby neighborhoods.