4546-4550 W 173rd St - Apartments FOR SALE


Lawndale, CA 90260
$4,195,000 USD
424-405-3826
4546-4550 W 173rd St, Lawndale, CA for Sale
$4,195,000 USD
Apartments - FOR SALE
1/15
null | 5.72% Cap Rate

4546-4550 W 173rd St
Lawndale, CA 90260


HIGHLIGHTS

  • 16-Unit Inland South Bay Asset: Two buildings with all one-bedroom units, laundry facilities, and on-site parking
  • Thoughtfully Maintained: 11 of 16 Units renovated, new exterior paint, landscaping, stylish exterior lighting, newer roofs, and a repaved parking lot
  • RUBS Program Recoups Utility Costs
  • Positioned for Stable Rental Demand: Residents enjoy a desirable lifestyle with easy access to shopping, dining, recreation, and freeways
  • Steps from Major Redevelopment Activity: Located around the corner from the South Bay Galleria

OVERVIEW

Marcus & Millichap is pleased to present to market Casa Galleria, a 16-unit apartment complex located at 4550 West 173rd Street in Lawndale, California. This property presents a great opportunity to acquire a thoughtfully maintained asset in the desirable inland South Bay rental market, where easy access to beaches, employers, and freeway proximity contribute to consistent rental demand. Casa Galleria consists of two eight-unit apartment buildings with all one-bedroom/one-bath units, as well as a management office. The property gleams with new exterior paint, landscaping and exterior lighting, and units have been renovated upon turnover with modern interiors. 11 of 16 units have been renovated. Furthermore, the roofs are newer and the parking lot is repaved. The units are separately metered for gas and master metered for electric and water; a RUBS program is in place to recoup utility costs and maximize net operating income. The property is located just around the corner from the South Bay Galleria, which is undergoing a multimillion-dollar project that will redevelop a portion of the site to a mixed-use asset, signaling renter demand for the area. In addition to Galleria retailers, Casa Galleria residents enjoy convenient proximity to amenities, freeways, and recreation: Target and Sprouts are a half-mile away, the 405 Freeway is only a mile away, and the beach is a quick 10-minute drive.

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$529 USD /SF

# OF UNITS

16

PRICE/UNIT

$262,188

CAP RATE

5.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Galleria Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,452 SF

ZONING

R3, Lawndale

APN/PARCEL ID

4081-025-039

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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