1225 W 166th Gardena, CA 90247
0.61 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26131058
HOA Y/N No
Year Built 1985
Lot Size 0.606 Acres
Property Sub-Type Apartment
Property Description
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 profile and has been professionally maintained throughout ownership.
What truly separates this asset from anything else currently on the market is the extraordinary ADU/additional unit potential. The property is uniquely positioned to allow for the addition of five (5) new two-bedroom / two-bathroom units without sacrificing existing parking. Based on current market rents, the additional units are projected to generate approximately $165,000 in additional annual gross income, with an estimated construction cost of approximately $650,000 — equating to an extraordinary sub-4 GRM on cost.
Offered at an attractive sub-12 GRM, 1225 W. 166th Street provides investors the rare ability to acquire a newer construction, highly parked, large-unit apartment community with immediate cash flow, operational stability, and substantial built-in upside in one of the strongest rental submarkets in the South Bay.
Location
State CA
County Los Angeles
Area 119 - Central Gardena
Interior
Heating Wall Furnace
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 22.0
Garage Description 22.0
Pool None
Community Features Dog Park, Sidewalks, Urban
Amenities Available Dog Park, Pets Allowed
Total Parking Spaces 22
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 6111006037
Energy Description 9366.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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