1338 163Rd St Gardena, CA 90247

This exceptional Gardena investment property presents a rare opportunity to acquire a well-maintained three-unit apartment building, built in 1994, offering significant upside potential. The property comprises three spacious, two-story townhome-style units, each approximately 1,400 square feet, featuring two-car garages, private balconies, central air conditioning and heating, and washer/dryer hookups. The unit mix includes one three-bedroom, two-and-a-half-bathroom unit and two two-bedroom, two-and-a-half-bathroom units. The property boasts a newly installed roof, ensuring long-term cost savings. Situated on a 6,747 square foot lot in desirable central Gardena, this property offers convenient freeway access. With a total square footage of 4,198 and an asking price of $1,400,000, the price per square foot is $333. A pro-forma cap rate of 5.54% indicates strong potential returns. The property is not subject to rent control, except for AB 1482, and boasts over 50% potential rental upside. This presents an ideal opportunity for owner-users seeking to occupy one unit while generating rental income from the others. Additionally, the property offers the potential for a tenant-in-common (TIC) conversion, with comparable condos selling for $600,000 or more (buyer to verify). This multifamily investment property offers a compelling combination of immediate income generation and long-term appreciation potential.