CA > Gardena
Gardena, CA 90249,1938 W 146th St
Gardena, CA 90249,1938 W 146th St
Gardena, CA 90249,1938 W 146th St
19
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$1,799,000
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18 BD
18 BA
1,081 SqFt
Price Dropped by $100K

1938 W 146th St Gardena, CA 90249

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YourWayHome Team

YourWayHome Team

+1(303) 554-7652

UPDATED:

09/09/2024 11:09 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,081 sqft

Price per Sqft $1,664

MLS Listing ID 24-376887

Style Hacienda

Bedrooms 18

Construction Status Value Mainly In Land

Year Built 1951

Lot Size 0.331 Acres

Acres 0.3308

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 Mccarthy

Zoning GAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Dishwasher, Alarm System, Built-Ins, Cable, Solar Panels, Range/Oven, Refrigerator, Dryer, Washer

Exterior

Garage Garage - 2 Car

Garage Spaces 12.0

Pool None

Roof Type Composition, Shingle

Building

Story 3

Sewer In Street

Water Public

Architectural Style Hacienda

Level or Stories Three Or More

Construction Status Value Mainly In Land

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

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1938 W 146th St