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Listed by Cameron Samimi, DRE #02035763 • Lyon Stahl Investment Real Estate, Inc.
$ 7,200,000
Est. payment /mo
New
1225 W 166th Gardena, CA 90247
0.61 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26131058
Year Built 1985
Lot Size 0.606 Acres
Source California Regional MLS
Property Description
1225 W. 166th Street presents an exceptionally rare opportunity to acquire a meticulously maintained 1980s construction apartment asset in what is widely considered the premier pocket of Gardena - south of Prairie Avenue. Combining strong in-place cash flow, an ideal unit mix, extensive renovations, abundant parking, and major future upside, this is the type of generational multifamily asset that rarely trades. Constructed in 1985, the property consists of 22 oversized two-bedroom / two-bathroom units - one of the most desirable and durable rental configurations in today's market. The spacious layouts, combined with the newer vintage construction, allow the asset to command premium rents while significantly reducing many of the deferred maintenance concerns commonly associated with older Southern California apartment buildings. The property offers an exceptional parking ratio featuring 22 private garages in addition to 28 on-site parking spaces - an increasingly rare amenity that continues to drive tenant demand and long-term asset desirability. The current ownership has extensively renovated 15 of the 22 units, creating immediate operational strength while still leaving meaningful remaining rental upside for a new owner. The building is fully leased with a strong tenant
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Interior
Heating Wall Furnace
Laundry Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 22.0
Pool None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 6111006037
Special Listing Condition Not Applicable
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