1938 West 146th Street

Gardena, CA 90249

$2,199,998
Price
18
Beds
18
Baths
1,081 Sq. Ft.
$2,035 / Sq. Ft.
1,081
Sq. Ft.
$2,035
per Sq. Ft.

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...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 Agent

  1. Eddie Fallah

    Eddie Fallah

    Listing Agent

    Compass

    DRE #01969011

Property Details for 1938 West 146th Street

Zoning
GAR3
Style
Hacienda
Parcel Number
4062007025
Total Units
6.0
Living Area
1081
Source Living Area
Vendor Enhanced
Area
McCarthy (117)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Eddie Fallah, DRE #01969011
Add your commute
LISTING UPDATED: 04/13/2024 12:01 AM

Property Details for 1938 West 146th Street

StatusActive
MLS #24-376887
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.33 AC / 14,407 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Eddie Fallah, DRE #01969011
Add your commute

Building Information for 1938 West 146th Street

Stories3Residences-Year Built1951Building Size-Lot Size0.33 AC / 14,407 SF

Payment Calculator

$13,049 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

$1,043

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1938 West 146th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Rental
  • Property Condition: Value Mainly In Land
  • Water: Public
  • Sewer: In Street
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $468,000
  • Net Operating Income: $.00
  • Gross Income: $468,000
  • Cap Rate: 9.00%
  • Gross Rent Multiplier: $11.11
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3308
  • Lot Size Square Feet: 14407
  • Lot Size Dimensions: 62x232
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 12
  • Covered Parking: 12
  • Parking Features: Garage - Two Door
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Alarm System, Built-Ins, Cable, Solar Panels, Range/Oven, Refrigerator, Dryer, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Composition, Shingle
  • New Construction: No
  • Other Structural Features: Energy Efficient, Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Dishwasher: 6
  • Number of Electric Meters: 6
  • Number of Gas Meters: 6
  • Number Patio: 6
  • Number Range: 6
  • Number Refrigerator: 6
  • Number Water Meters: 6
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $102,000.00
  • Assessed Improvement Percent: 10.1
  • Assessed Land Value: $907,800.00
  • Assessed Land Percent: 89.9
  • Assessed Total Value: $1,009,800.00

Property History for 1938 West 146th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1938 West 146th Street

Taxable ValueLand$907,800Additions$102,000Total$1,009,800
Tax Record2023$12,511 ($1,043 / month)
Home Facts
Beds2Total Finished SqFt1,081 SqFtAbove Grade Finished SqFt1,081 SqFtStories1Lot Size14,407 SqFtStyleSingle Family ResidenceYear Built1951ZoningGAR3CountyLOS ANGELESAPN4062-007-025

Schools near 1938 West 146th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 10
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Chapman Elementary School
PublicK to 5

Boys Academic Leadership Academy
Public6 to 10

Gardena Senior High School
Public9 to 12

Middle College High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1938 West 146th Street is a multi-family home for sale in Gardena, CA 90249. This property was listed for sale on April 5, 2024 by Compass, it's currently listed at $2,199,998. It has been on the market for a total of 25 days and was last sold on February 18, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Chapman Elementary School, Boys Academic Leadership Academy and Gardena Senior High School. 1938 West 146th Street is a 18-bed, 18-bath, 1,081 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Eddie Fallah, DRE #01969011

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.