1938 W 146th Street
Gardena, CA, 90249 $ 2,199,998
Bedrooms18 Baths18.0 Sq 1,081 Monthly Estimate*
$ 15,368
for $2,199,998 with 18 bedrooms and 18 full baths. This 1,081 square foot home was built in 1951 on a lot size of 0.3307.
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.
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FeaturesGeneralSewer Other
Heating Central
Cooling CentralAir
Roof Composition Shingle
Appliances Dishwasher Refrigerator Dryer Washer
Zoning GAR3
Pool Features None
Year Built 1951
Levels ThreeOrMore
Gross Income 468000.0
County Los Angeles
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions North of Western and East of Van Ness Ave
City Gardena
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area 117 - McCarthy
Lot Size Square Feet 14407.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 146th
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
Cap Rate 9.0
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ExteriorParking Features DoorMulti Garage
Total Parking 12.0
Lot Size Area 14407.0
Number of Buildings 1
Spa N
Building Area Total 1081.0
Lot Dimensions 62x232
Lot Size Acres 0.3307
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 6
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 3
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 18
Electric On Property Y/N N
Total Baths 18
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $15,368
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Gardena, CA
Average List Price $1,790,483
Percent of Sale Price 19%
About Gardena, CA 59,812 Population
3% Since 2002
$ 51,555 Median Income
39.66 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/5/2024 | $2,199,998 | | Listed Price |