1148 166th St — Sale in Gardena, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Gardena, CA 90247

Investment Figures

Cap rate
3.87%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap, as the exclusive advisors, are pleased to present 1148 W 166th St in Gardena, a compelling 4-unit investment opportunity offering significant upside and long-term growth potential. The property features a standalone 3-bedroom, 1-bathroom front house, providing strong owner-user appeal or the ability to capture premium rental income, a key differentiator from typical multifamily assets. The investment is highlighted by a 48% rental upside, presenting a clear mark-to-market opportunity for investors to substantially increase income and overall returns. Coupled with its strong value-add potential, the property is well-suited for repositioning through interior and exterior improvements to maximize rental performance. Additionally, the property offers ADU development potential under SB1211, allowing for the possibility to build up to 4 additional units (buyer to verify), creating a clear path to increased density and enhanced long-term value. Priced as the lowest 4-unit property currently available in the city of Gardena, the offering is strategically positioned to attract strong investor interest while delivering both immediate upside and future development potential. Investment Highlights: • 48% Rental Upside – Significant mark-to-market opportunity, allowing investors to substantially increase income and overall returns • Strong Value-Add Opportunity – Ideal for investors looking to renovate, reposition, and capture rental growth • Standalone 3 Bed/1 Bath Front House – Highly desirable layout offering owner-user potential or premium rental income, setting the property apart from typical 4-unit assets • ADU Development Potential (SB1211) – Ability to add up to 4 ADUs (buyer to verify), creating a clear path to increased density and long-term value • Lowest Priced 4-Unit in Gardena – Positioned as the most competitively priced 4-unit property in the city, designed to drive strong investor interest

Market Context

This multifamily in Gardena, CA is listed for sale. It is offered at an approximate 3.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 87 days. Compare it against other multifamily listings for sale in Gardena, CA — view the full market.

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