2019 W 157th Street, Gardena, CA 90249

About this property

2019 West 157th St. is a compelling 4-plex investment opportunity in Central Gardena, featuring a desirable unit mix of 3bd/2.5ba, 2bd/1ba, 2bd/1ba, and 1bd/1ba units. This property offers numerous location advantages, including its convenient proximity to the I-110 and I-405 freeways, being one block north of a prime stretch of Redondo Beach Blvd, and nearby Target and countless amenities. The property features 4 units with outdoor space, on-site laundry, 5 carport spaces, and 3 attached garage units available. Currently, the building is 100% occupied with rents approximately 20% below market. There is significant investment potential, with opportunities to increase revenue by bringing rents up to market rates and expanding the property by adding Accessory Dwelling Units (ADUs), buyer to verify.

Listing description from the July 2024 sale, as reported to CRMLS.

Sale history

$1,465,000

Sold July 2024 · listed $1,445,000, on market May 2024 · MLS #24387833 · Source: CRMLS

Listing Agent: Douglas Fillmore · Listing Office: Found Real Estate, Inc. · Contact: 310-933-4180 · Bought with: Sammie Suda · Keller Williams South Bay

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