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Multifamily

1148 166th St

1148 166th St, Gardena, CA 90247

Listing Price: $900,000

Cap Rate
3.87%
Number of Units
4
GRM
13.61
Occupancy
100.0%
Price/Unit
$225,000
Price/Gross SF
$346.55
Gross SF
2,597

Investment Overview

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.

Investment Highlights

  • 48% Rental Upside – Significant mark-to-market opportunity, allowing investors to substantially increase income and overall returns
  • Strong Value-Add Opportunity – Ideal for investors looking to renovate, reposition, and capture rental growth
  • Standalone 3 Bed/1 Bath Front House – Highly desirable layout offering owner-user potential or premium rental income, setting the property apart from typical 4-unit assets
  • ADU Development Potential (SB1211) – Ability to add up to 4 ADUs (buyer to verify), creating a clear path to increased density and long-term value
  • Lowest Priced 4-Unit in Gardena – Positioned as the most competitively priced 4-unit property in the city, designed to drive strong investor interest

Exclusively Listed By

Multifamily

1148 166th St

Listing Price: $900,000

Cap Rate
3.87%
Number of Units
4
GRM
13.61
Occupancy
100.0%
Price/Unit
$225,000
Price/Gross SF
$346.55
Gross SF
2,597

Investment Highlights

  • 48% Rental Upside – Significant mark-to-market opportunity, allowing investors to substantially increase income and overall returns
  • Strong Value-Add Opportunity – Ideal for investors looking to renovate, reposition, and capture rental growth
  • Standalone 3 Bed/1 Bath Front House – Highly desirable layout offering owner-user potential or premium rental income, setting the property apart from typical 4-unit assets
  • ADU Development Potential (SB1211) – Ability to add up to 4 ADUs (buyer to verify), creating a clear path to increased density and long-term value
  • Lowest Priced 4-Unit in Gardena – Positioned as the most competitively priced 4-unit property in the city, designed to drive strong investor interest

Investment Overview

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.

Exclusively Listed By

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