We are pleased to present 1110 W 163rd Street in Gardena. The property was built in 1993 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. 1,300 sq ft each) with their own 2-car garage,… Read More 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, this well-maintained building is situated on a large 6,283 sq ft lot in a quiet residential area. Located in a desirable central Gardena location with easy freeway access, the subject property has over 60% 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). Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Larson Harley 949-933-1112
Listing Snapshot
Days Online
37
Last Updated
Property Type
Triplex
Lot Size
0.14 Acres
Year Built
1993
MLS Number
SB24208251
30 Days Snapshot Of 90247
$701k
-4%
(avg) sold price
11
-26%
homes sold
48
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1993, Building area total: 3,844, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Cooling
CentralAir
Expenses
Gardener expense: $1,200, Insurance expense: $2,883, Maintenance expense: $1,996, New taxes expense: $16,880, Operating expense: $26,559, Other expense: $3,600
Garage
6 spaces
Heating
Central
Income
Gross income: $65,540, Net operating income: $37,985
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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