1143 W 166th St, Gardena, CA 90247

1143 W 166th St, Gardena, CA 90247

Gardena, CA

Property Description

We are pleased to present 1143 W 166th St, Gardena. Consisting of all 2-bed/1-bath units, this 4-unit building is situated on a large 11,221 SF lot. Each unit is 952 SF for a total living area of 3,808 SF. Two of the units have been remodeled with new cabinets, floors, and countertops. Each unit has a washer/dryer hookup in the kitchen and a 1-car garage, providing the opportunity for a potential ADU conversion (buyer to verify). The current CAP rate is 4.56% with over 35% in upside rent potential; the City of Gardena does not have any local rent control and is only subject to AB 1482. This is the lowest priced 4-unit on the market in Gardena and is an ideal opportunity for an investor or owner-user seeking growth, stability, and a hedge against inflation.

Property Features

  • Sale Price: $1,180,000
  • Area Size: 3,808 Sq. Ft.
  • Land Area: 0.26 Acres
  • Year Built: 1960
  • Listing Date: 4/26/2023
  • Closing Date: 6/23/2023
  • Units: 4
  • Current GRM: 14.59
  • Current Cap Rate: 4.56%
  • Price Per Unit: $293,750
  • Market GRM: 10.64
  • Market Cap Rate: 6.98%
  • Current NOI: 53,622

Lyon Stahl Investment Real Estate

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