Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSB25060628
MLS Source
California Regional MLS
Days on Site
56
Interior Features
Laundry
Community Facility
Cooling
None
Heating
Central Forced Air
Parking, School, and Other Information
Garage/Parking
Garage: 1 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Robert Sillman
Lyon Stahl Investment Real Estate, Inc.
License #: 02145409
Phone: (310) 908-5092
Co-Listing Agent
Cameron Samimi
License #: 02035763
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1835 W 166th St is a Residential Income in Gardena, CA 90247. This – square foot property sits on a 16,016 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,100,000 and was built in 1961. This address can also be written as 1835 W 166th St, Gardena, CA 90247.
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This listing information is up-to-date as of April 17, 2025. For the most current information, please contact Robert Sillman, (310) 908-5092
