Gardena, CA 90247,1835 W 166th Street
Sandra Lucas
Sandra Lucas

Broker Associate | License ID: 01496944

+1(925) 464-8400

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$ 3,340,000

$ 3,100,000 7.7%

Est. payment /mo
Sold on 07/01/2025

1835 W 166th Street Gardena, CA 90247

11,740 SqFt


UPDATED:

Key Details

Sold Price $3,340,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 11,740 sqft

Price per Sqft $284

MLS Listing ID CRSB25060628

Sold Date 07/01/25

HOA Y/N No

Year Built 1961

Lot Size 0.368 Acres

Acres 0.37

Property Sub-Type Other

Property 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.

Location

State CA

County Los Angeles

Zoning GAR3

Interior

Heating Other

Cooling None

Fireplace No

Laundry Common Area

Building

New Construction No

Others

Tax ID 4066024021


Bridge MLS
Listed by Robert Sillman • Lyon Stahl Investment Real Estate, Inc.
Bought with RobertSillman
agent

Sandra Lucas

Broker Associate | License ID: 01496944

+1(925) 464-8400

GET MORE INFORMATION

Name
Phone*
Message

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1835 W 166th Street