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.
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.
Property Details
Price:
$3,100,000
MLS #:
SB25060628
Status:
Active
Baths:
0
Address:
1835 W 166th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
119centralgardena
City:
Gardena
Listed Date:
Mar 19, 2025
State:
CA
ZIP:
90247
Lot Size:
16,016 sqft / 0.37 acres (approx)
Year Built:
1961
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Schools
Interior
Cooling
None
Fireplace Features
None
Heating
Central
Exterior
Community Features
Biking
Garage Spaces
1.00
Lot Features
0-1 Unit/ Acre
Parking Spots
30.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1835 W 166th Street Gardena CA
- Area119 – Central Gardena
- CityGardena
- CountyLos Angeles
- Zip Code90247
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1835 W 166th Street
Gardena, CA
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