Pending
$3,100,000
15 Units
3 Beds
2 Baths
11,740 Area(sq.ft.)
Lot: 16,016 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 1 | 1 | No | $ 1,303 | $ 7,820 | $ 11,100 |
| Unit 2 | 9 | 2 | 1 | No | $ 1,714 | $ 15,427 | $ 22,950 |
| 15 | 24 | 15 | $ 23,244 | $ 185,760 | $ 273,150 |
| MLS #: | SB25060628MR |
| Days On Market: | 270 |
| Listing Date: | March 19, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 264 |
| Price per unit: | $ 206,667 |
| Year Built: | 1961 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 101,651 |
| Net Operating Income: | $ 173,759 |
| Cap Rate: | 5.61% |
| Gross Rent Multiplier: | 10.92 |
Structure
| Community Features: | Biking |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | GAR3 |
| Land Lease Type: | Fee |
| Total Parking: | 30 |
Interior
| AC/Cooling: | None |
| Heating: | Central |
| Fireplace Rooms: | None |
| Laundry: | Community |
Exterior
| Pool: | No |
Detailed Map
Schools
Find a great school for your child
Income
