1835 W 166th Street
Gardena, CA 90247
- – beds
- – baths
- – sqft
- 16,016 sqft lot
- 1961 build
- – on site
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.
Last checked:
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Last updated Mar 31, 2025
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MLS# SB25060628 —
The Building
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Year Built:1961
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:11740.00
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Building Area Units:Square Feet
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Total Number Of Units:15
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# of Buildings:2
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:16
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# of Separate Water Meters:1
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# of Separate Electric Meters:16
Interior
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Levels:Two
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Entry Location:1
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Fireplace:No
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Fireplace:None
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Laundry:Community
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Laundry:1
Location
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Directions:On the corner of 166th St and Manhattan Pl
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Latitude:33.88035500
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Longitude:-118.31072500
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:GAR3
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Lot Features:0-1 Unit/Acre
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Lot Size Area:16016.0000
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Lot Size Acres:0.3677
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Lot Size SqFt:16016.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:26
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Tax Census Tract:6033.02
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Tax Tract:603...
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Tax Lot:24
The Listing
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Special Listing Conditions:Standard, Trust
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Parcel Number:4066024021
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Biking
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:30.00
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Garage Spaces:1.00
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Uncovered Spaces:15.00
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Carport Spaces:14.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/31/25
Mar 31, 2025
|
Listed / Active | CRMLS_CA | $3,100,000 |