Active
1938 W 146th St
Gardena CA, 90249
$1,799,000
$1,664.20 per sqft
Active
18 Beds
18 Baths
1,081 sqft
Multi-family
Built in 1951
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.
24-376887
MLSⓇ ID
April 5, 2024
Listed
November 22, 2024
Updated
Map
1938 W 146th St
Gardena CA, 90249
Interior Features
Total Stories
3
Bedrooms
18
Total Bathrooms
18
Appliances
Dishwasher, Alarm System, Built-Ins, Cable, Solar Panels, Range/Oven, Refrigerator, Dryer, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.33 Acres
Architectual Style
Hacienda
Roof
Composition, Shingle
Sewer
In Street
Other Property Details
Area Name
McCarthy
Days on Market
157
Garage
Yes
Parking
Garage - 2 Car
Parking Total
12
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
GAR3
Listing History
Date | Event | Price |
---|---|---|
9/9/2024 | Price change | $1,799,000 -6% |
Listed by Ideen(Eddie) Toudeh Fallah with Compass
Listing Contact: 310-853-9266
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©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024