1148 W 166th St - Apartments FOR SALE


Gardena, CA 90247
$900,000 USD
707-225-2402
1148 W 166th St, Gardena, CA for Sale
$900,000 USD
Apartments - FOR SALE
1/9
null | 3.87% Cap Rate

1148 W 166th St
Gardena, CA 90247


HIGHLIGHTS

  • 48% Rental Upside
  • Strong Value-Add Opportunity
  • Standalone 3 Bed / 1 Bath Front House
  • ADU Development Potential (SB1211)
  • Lowest Priced 4-Unit in Gardena

OVERVIEW

We are pleased to present 1148 W 166th St in Gardena, a compelling 4-unit investment opportunity offering significant upside and long-term growth potential. The property features a standalone 3-bedroom, 1-bathroom front house, providing strong owner-user appeal or the ability to capture premium rental income, a key differentiator from typical multifamily assets. The investment is highlighted by a 48% rental upside, presenting a clear mark-to-market opportunity for investors to substantially increase income and overall returns. Coupled with its strong value-add potential, the property is well-suited for repositioning through interior and exterior improvements to maximize rental performance. Additionally, the property offers ADU development potential under SB1211, allowing for the possibility to build up to 4 additional units (buyer to verify), creating a clear path to increased density and enhanced long-term value. Priced as the lowest 4-unit property currently available in the city of Gardena, the offering is strategically positioned to attract strong investor interest while delivering both immediate upside and future development potential.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

3.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,368 SF

ZONING

GAR3

APN/PARCEL ID

6111-009-033

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.