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Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.
$ 1,400,000
Est. payment | /mo
4,198 SqFt
$ 1,400,000
Est. payment | /mo
4,198 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,198 sqft
Price per Sqft $333
MLS Listing ID CRSB24208018
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1994
Lot Size 6,747 Sqft
Property Description
We are pleased to present 1338 W 163rd Street in Gardena. The property was built in 1994 by the current owners and this is the first time it's been listed for sale. The building consists of three large townhome-style units (approx. 1,400 sq ft each) with their own 2-car garage, private balcony, central AC/heating, and washer/dryer. Boasting a desirable unit mix of (1) 3-bed/2.5-bath and (2) 2-bed/2.5-bath units, the building has been well-maintained and includes a new roof with warranty. Located in a desirable central Gardena location with easy freeway access, the subject property has over 50% in upside rent potential and is not subject to any local rent control (only AB 1482). This is an ideal opportunity for an owner-user to occupy one of the units and collect rental income from the other two. Additionally, investors can explore a potential TIC conversion to sell the units individually as condos - comparable condos are selling for $600,000+ (buyer to verify).
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Gas Dryer Hookup, Other
Building
Lot Description Other
Water Public
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