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$ 1,285,000
Est. payment /mo
Price Dropped by $90K
1267 W 166th Gardena, CA 90247
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26063248
HOA Y/N No
Year Built 1960
Lot Size 0.254 Acres
Property Sub-Type Quadruplex
Property Description
Exceptional 4-unit investment opportunity located in the heart of Gardena. This well-positioned multifamily property features four vacant spacious 2-bedroom, 1-bathroom units, offering an ideal blend of income and significant upside potential. Situated on a generous lot of approximately 11,000+ sqft, the property provides ample on-site parking and a functional layout attractive to long-term tenants. With a total building size of approximately 3,740 sqft, each unit offers comfortable living spaces, making this a highly desirable asset in a strong rental market. A standout feature of this property is the potential to add up to two (2) Accessory Dwelling Units in RTI (ADUs) (buyer to verify with city), creating the opportunity to expand to a 6-unit income-producing property and significantly increase overall value.
This is a true value-add opportunity for investors. Based on current market analysis, the projected after-repair value is estimated around $1,550,000. The property is being offered at $1,375,000.00, presenting approximately $100,000+ upside, with renovation costs estimated at approximately $120,000 for interior upgrades including flooring, kitchen, and bathroom improvements.
Property is being sold as-is, providing investors the flexibility to execute their own vision and maximize returns. With strong rental demand in Gardena and proximity to major freeways and employment hubs, as well as neighboring cities such as Torrance and Los Angeles, this asset is well-positioned for long-term appreciation and stable cash flow. Perfect for seasoned investors.
This is a true value-add opportunity for investors. Based on current market analysis, the projected after-repair value is estimated around $1,550,000. The property is being offered at $1,375,000.00, presenting approximately $100,000+ upside, with renovation costs estimated at approximately $120,000 for interior upgrades including flooring, kitchen, and bathroom improvements.
Property is being sold as-is, providing investors the flexibility to execute their own vision and maximize returns. With strong rental demand in Gardena and proximity to major freeways and employment hubs, as well as neighboring cities such as Torrance and Los Angeles, this asset is well-positioned for long-term appreciation and stable cash flow. Perfect for seasoned investors.
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6111006015
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Ixbalanque Garcia Won Suk Kim Real Estate, Inc. 323-202-5885, DRE #02035537