Gardena, CA 90249 1938 W 146th St
$1,799,000
14 more
Presented By: Ideen(Eddie) Toudeh Fallah with Compass
Home Details
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.
Presented By: Ideen(Eddie) Toudeh Fallah with Compass
Interior Features for 1938 W 146th St
Bedrooms
Total Bedrooms18
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths18
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
Total Stories3
General for 1938 W 146th St
AppliancesDishwasher, Refrigerator, Dryer, Washer
Cap Rate9
CityGardena
CoolingCentral Air
CountyLos Angeles
Days on Market46
DirectionsNorth of Western and East of Van Ness Ave
Gross Income468000
HOA / Comm AssnNo
HeatingCentral
LevelsThree Or More
Lot Size Square Feet14407
Lot Size UnitsSquare Feet
MLS Area117 - McCarthy
Net Operating Income0
New ConstructionNo
NumberOfUnitsTotal6
Pool FeaturesNone
Property TypeResidential Income
RoofComposition, Shingle
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Standard StatusActive
StatusActive
Year Built1951
ZoningGAR3
Exterior for 1938 W 146th St
Building Area Total1081
Lot Dimensions62x232
Lot Size Acres0.3307
Lot Size Area14407
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters6
Parking FeaturesDoor-Multi, Garage
SpaNo
Total Parking12
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480