1225 W 166th St - Apartments FOR SALE


Gardena, CA 90247
$7,200,000 USD
310-259-7556
1225 W 166th St, Gardena, CA for Sale
$7,200,000 USD
Apartments - FOR SALE
1/36
null | 5.47% Cap Rate

1225 W 166th St
Gardena, CA 90247


OVERVIEW

1225 W. 166th Street presents an exceptionally rare opportunity to acquire a meticulously maintained 1980s construction apartment asset in what is widely considered the premier pocket of Gardena — south of Prairie Avenue. Combining strong in-place cash flow, an ideal unit mix, extensive renovations, abundant parking, and major future upside, this is the type of generational multifamily asset that rarely trades. Constructed in 1985, the property consists of 22 oversized two-bedroom / two-bathroom units — one of the most desirable and durable rental configurations in today’s market. The spacious layouts, combined with the newer vintage construction, allow the asset to command premium rents while significantly reducing many of the deferred maintenance concerns commonly associated with older Southern California apartment buildings. The property offers an exceptional parking ratio featuring 22 private garages in addition to 28 on-site parking spaces — an increasingly rare amenity that continues to drive tenant demand and long-term asset desirability. The current ownership has extensively renovated 15 of the 22 units, creating immediate operational strength while still leaving meaningful remaining rental upside for a new owner. The building is fully leased with a strong tenant profile and has been professionally maintained throughout ownership. What truly separates this asset from anything else currently on the market is the extraordinary ADU/additional unit potential. The property is uniquely positioned to allow for the addition of five (5) new two-bedroom / two-bathroom units without sacrificing existing parking. Based on current market rents, the additional units are projected to generate approximately $165,000 in additional annual gross income, with an estimated construction cost of approximately $650,000 — equating to an extraordinary sub-4 GRM on cost. Upon completion of the additional units, investors have the potential to drive the property’s GRM below 10 while pushing capitalization rates toward the 7% range. Following full stabilization and continued rental growth, the asset presents a realistic path toward an 8%+ stabilized return profile — an increasingly rare opportunity for a well-located coastal-adjacent Southern California multifamily investment. Offered at an attractive sub-12 GRM, 1225 W. 166th Street provides investors the rare ability to acquire a newer construction, highly parked, large-unit apartment community with immediate cash flow, operational stability, and substantial built-in upside in one of the strongest rental submarkets in the South Bay. A true long-term legacy asset. Please contact listing broker for additional information and tour availability.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

22

PRICE/UNIT

$327,273

CAP RATE

5.47%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

R4, Gardena

APN/PARCEL ID

6111-006-037

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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