1938 W 146Th Street

Gardena, CA 90249

PRICE REDUCED

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-$400,998 (-18.23%)

$1,799,000

List Price

18

bed Beds

18

shower Baths

1,081 sqft

straighten / sqft

1951

calendar_month Built

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.

Listing Information

List Price $1,799,000
Status Active
MLS 24376887
Type Residential Income
Year Built 1951
Lot Size 14,407
Structure Size 1,081
DOM 243
Courtesy Of Compass
Listing Agent Ideen(Eddie) Toudeh Fallah DRE#01969011

Interior Features

Total Bedroom
Bedrooms 18
Total Bathroom
Bathrooms 18
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Ideen(Eddie) Toudeh Fallah, Compass 310-853-9266. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 2:06 AM 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.