Property details
Propery Type:
Apartments
Address:
1148 W 166th St Gardena, CA 90247
Offering Price:
$900,000
Units:
4
Cap Rate:
3.87%
Listed By
Jonathan Weir
Senior Managing Director Investments
(424) 405-3900
Simon Shafiee
Investment Sales Associate
4244053863
Contact Us
Investment Highlights

Marcus & Millichap, as the exclusive advisors, are pleased to present 1148 W 166th St in Gardena, a compelling 4-unit investment opportunity offering significant upside and long-term growth potential. The property features a standalone 3-bedroom, 1-bathroom front house, providing strong owner-user appeal or the ability to capture premium rental income, a key differentiator from typical multifamily assets. The investment is highlighted by a 48% rental upside, presenting a clear mark-to-market opportunity for investors to substantially increase income and overall returns. Coupled with its strong value-add potential, the property is well-suited for repositioning through interior and exterior improvements to maximize rental performance. Additionally, the property offers ADU development potential under SB1211, allowing for the possibility to build up to 4 additional units (buyer to verify), creating a clear path to increased density and enhanced long-term value. Priced as the lowest 4-unit property currently available in the city of Gardena, the offering is strategically positioned to attract strong investor interest while delivering both immediate upside and future development potential. For more information, please reach out.

Location
Gallery
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Listed By
Jonathan Weir
Senior Managing Director Investments
(424) 405-3900
Contact Us

1148 W 166th St

Gardena, CA
90247
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