1338 W 163rd ST Gardena, CA 90247

Pending

$1,400,000

3 Units

7 Beds

9 Baths

4,198 Area(sq.ft.)

6,747 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	3	3	No	$ 2,120	$ 2,120	$ 3,600
Unit 2	1	2	3	No	$ 1,730	$ 1,730	$ 2,800
Unit 3	1	2	3	No	$ 2,055	$ 2,055	$ 2,800
3	3	7	9		$ 5,905	$ 5,905	$ 9,200

MLS #:	SB24208018MR
Days On Market:	24
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 333
Price per unit:	$ 466,667
Year Built:	1994

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

We are pleased to present 1338 W 163rd Street in Gardena. The property was built in 1994 by the current owners and this is the first time it's been listed for sale. The building consists of three large townhome-style units (approx. 1,400 sq ft each) with their own 2-car garage, private balcony, central AC/heating, and washer/dryer. Boasting a desirable unit mix of (1) 3-bed/2.5-bath and (2) 2-bed/2.5-bath units, the building has been well-maintained and includes a new roof with warranty. Located in a desirable central Gardena location with easy freeway access, the subject property has over 50% in upside rent potential and is not subject to any local rent control (only AB 1482). This is an ideal opportunity for an owner-user to occupy one of the units and collect rental income from the other two. Additionally, investors can explore a potential TIC conversion to sell the units individually as condos - comparable condos are selling for $600,000+ (buyer to verify).