1110 W 163Rd Street

Description

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, 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). REAR UNIT CAN BE DELIVERED VACANT.

Listing information courtesy of: Larson Harley, Lyon Stahl Investment Real Estate, Inc. 949-933-1112. *Based on information from the Association of REALTORS/Multiple Listing as of 01/09/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.