1835 W 166th Street, Gardena, CA 90247

About this property

Welcome to 1835-1845 W 166th St, a 15-unit apartment building located in the nicest residential pocket of Gardena. Offered at a 5.61% CAP, 10.92 GRM, $206,667/unit and $264/sqft with 46% rental upside, this asset presents an excellent value-add opportunity for investors. The property spans 11,740 sqft, offering a favorable mix of (9) 2-bed/1-bath and (6) 1-bed/1-bath units across two separate buildings on a single APN. Situated on a spacious 16,016 sqft corner lot on the west side of Western Ave, the property is conveniently located near El Camino College, Alondra Park, and Lincoln Elementary School. Additional amenities include 15 tandem parking spaces (30 total), two laundry rooms (each with leased W/D combos), a grassy yard, a central courtyard, and separate meters for gas and electricity. Rents are due for a rent increase of 5% + CPI (currently 8.9%), presenting an immediate opportunity for income growth. There are also significant ADU possibilities for (3) 3-bed/2-bath units in the covered parking while still maintaining on-site parking for tenants. Inquire about debt quotes at 60% LTV, 5-year fixed rate at 5.95%. Underwriting and loan data reflect allowable rent increases. Please reach out for the Offering Memorandum.

Listing description from the July 2025 sale, as reported to CRMLS.

Sale history

$3,340,000

Sold July 2025 · listed $3,100,000, on market March 2025 · MLS #SB25060628 · Source: CRMLS

Listing Agent: Robert Sillman · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: bobby@lyonstahl.com · Bought with: Robert Sillman · Lyon Stahl Investment Real Estate, Inc.

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