$ 1,799,000
1938 W 146th ST Gardena, CA 90249
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$ 1,799,000
Est. payment /mo
Active
1938 W 146th ST Gardena, CA 90249
18 Beds
18 Baths
1,081 SqFt
UPDATED:
09/30/2024 06:22 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,081 sqft
Price per Sqft $1,664
MLS Listing ID 24376887
Bedrooms 18
HOA Y/N No
Year Built 1951
Lot Size 0.331 Acres
Property Description
Welcome to a remarkable development opportunity nestled in the thriving city of Gardena. This expansive 14,407 sqft. lot, situated in a GAR3 zone, beckons investors and developers with its vast potential. With approved plans and RTI permits in hand for six stunning 3-story Hacienda-style townhomes, this property stands as a testament to innovation and vision. The canvas is set; a meticulously graded flat lot with all public utilities primed for seamless integration. Each of the future units, spanning a generous 2,400 square feet, promises an exquisite living experience. Boasting 3 bedrooms, 3 bathrooms, balconies, laundry rooms, 2-car garages, and rooftop decks, these residences are thoughtfully designed to elevate modern living standards. Furthermore, the current property features a charming 2-bedroom, 1-bathroom house, previously utilized as an Airbnb destination and currently leased to a reliable tenant for $3,300 per month. This presents a lucrative avenue of income during the construction phase of the project, adding to the allure of this investment opportunity. Notably, being situated outside the City of Los Angeles means the property is not subject to their strict Airbnb guidelines, providing greater flexibility for rental strategies.Conveniently situated within short distance to schools, shops, and entertainment, this location epitomizes the essence of urban convenience while maintaining a serene residential ambiance. Residents will relish in the proximity to esteemed institutions such as Harbor UCLA Medical Center, Westfield Mall, and the renowned SpaceX headquarters, as well as easy access to the freeway and the picturesque beaches. Close proximity to the upcoming venues for the 2026 FIFA World Cup, and LAX Airport. Moreover, construction services can be provided at a highly competitive price, ensuring maximum return on investment. With an estimated 9% cap rate yearly, and projected rents aligning with market demands, this opportunity offers a compelling proposition for astute investors seeking long-term profitability.
Location
State CA
County Los Angeles
Area 117 - Mccarthy
Zoning GAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Exterior
Garage Door-Multi, Garage
Pool None
Roof Type Composition,Shingle
Total Parking Spaces 12
Private Pool No
Building
Story 3
Entry Level Three Or More
Sewer Other
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 4062007025
Special Listing Condition Standard
Listed by Ideen(Eddie) Toudeh Fallah • Compass