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(562) 376-6792
Century 21 A Better Service
1835 W 166th Street, Gardena, CA 90247
- $3,340,000
- Sold Price
- $3,340,000
- List Price
- $3,100,000
- Closing Date
- Jul 01, 2025
- Status
- CLOSED
- MLS#
- SB25060628
- Year Built
- 1961
- Lot Size
- 16,016
- Acres
- 0.37
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 31
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
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.
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Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling Description
- None
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 15
- Gross Scheduled Income
- $283,928
- Operating Expense
- 101651
Listing courtesy of Listing Agent: Robert Sillman (bobby@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Listing sold by Robert Sillman from Lyon Stahl Investment Real Estate, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.