2019 West 157th Street

Gardena, CA 90249

$1,445,000
Price
8
Beds
5.5
Baths
3,880 Sq. Ft.
$372 / Sq. Ft.
3,880
Sq. Ft.
$372
per Sq. Ft.

Description

2019 West 157th St. is a compelling 4-plex investment opportunity in Central Gardena, featuring a desirable unit mix of 3bd/2.5ba, 2bd/1ba, 2bd/1ba, and 1bd/1ba units. This property offers numerous location advantages, including its convenient proximity to the I-110 and I-405 freeways, being one block north of a prime stretch of Redondo Beach Blvd, and nearby Target and countless amenities. The property features 4 units with outdoor space, on-site laundry, 5 carport spaces, and 3 attached garage...2019 West 157th St. is a compelling 4-plex investment opportunity in Central Gardena, featuring a desirable unit mix of 3bd/2.5ba, 2bd/1ba, 2bd/1ba, and 1bd/1ba units. This property offers numerous location advantages, including its convenient proximity to the I-110 and I-405 freeways, being one block north of a prime stretch of Redondo Beach Blvd, and nearby Target and countless amenities. The property features 4 units with outdoor space, on-site laundry, 5 carport spaces, and 3 attached garage units available. Currently, the building is 100% occupied with rents approximately 20% below market. There is significant investment potential, with opportunities to increase revenue by bringing rents up to market rates and expanding the property by adding Accessory Dwelling Units (ADUs), buyer to verify.
  1. Listed by Douglas Fillmore • DRE #02092675 • Brokerage DRE #02092675 • Found Real Estate, Inc.

Property Details for 2019 West 157th Street

Water Front
None
Zoning
GAC3
Parcel Number
4063013032
Total Units
4.0
Living Area
3880
Source Living Area
Vendor Enhanced
Area
McCarthy (117)
Vacancy Rate
0

Location

Listing Courtesy of Found Real Estate, Inc., Douglas Fillmore, DRE #02092675
Add your commute
LISTING UPDATED: 06/03/2024 09:25 PM

Property Details for 2019 West 157th Street

StatusActive
MLS #24-387833
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.15 AC / 6,633 SF
CountyLos Angeles County

Location

Listing Courtesy of Found Real Estate, Inc., Douglas Fillmore, DRE #02092675
Add your commute

Building Information for 2019 West 157th Street

Stories2Residences-Year Built1971Building Size-Lot Size0.15 AC / 6,633 SF

Payment Calculator

$9,029 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,886

Property Taxes

$1,143

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2019 West 157th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Direction Faces: South
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: $113,785
  • Net Operating Income: $69,515.00
  • Gross Income: $117,304
  • Gross Rent Multiplier: $12.38
  • Total Annual Expense: 44270
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1523
  • Lot Size Square Feet: 6633
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Garage
  • Total Parking: 0
  • Parking Features: Detached Carport, Garage
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s), Ceiling Fan
  • Heating Type: Wall Gas
  • Equipment: Ceiling Fan, Dryer, Cable, Washer, Range/Oven, Microwave
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $28,800.00
  • Unit Projected Rent: $28,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $26,400.00
  • Unit Projected Rent: $28,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $28,200.00
  • Unit Projected Rent: $35,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $15,000.00
  • Unit Projected Rent: $23,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $669,309.00
  • Assessed Improvement Percent: 62.5
  • Assessed Land Value: $401,584.00
  • Assessed Land Percent: 37.5
  • Assessed Total Value: $1,070,893.00

Property History for 2019 West 157th 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 2019 West 157th Street

Taxable ValueLand$401,584Additions$670,109Total$1,071,693
Tax Record2023$13,721 ($1,143 / month)
Home Facts
Total Finished SqFt3,880 SqFtAbove Grade Finished SqFt3,880 SqFtLot Size6,631 SqFtStyleQuadraplexYear Built1971ZoningGAC3CountyLOS ANGELESAPN4063-013-032

Schools near 2019 West 157th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Robert E. Peary Middle School
Public6 to 8

Gardena Senior High School
Public9 to 12

Moneta Continuation 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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2019 West 157th Street is a multi-family home for sale in Gardena, CA 90249. This property was listed for sale on May 22, 2024 by Found Real Estate, Inc., it's currently listed at $1,445,000. It has been on the market for a total of 26 days and was last sold on November 3, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include One Hundred Fifty-Sixth Street Elementary School, Robert E. Peary Middle School and Gardena Senior High School. 2019 West 157th Street is a 8-bed, 5.5-bath, 3,880 sqft multi-family home built in 1971.

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 Found Real Estate, Inc., Douglas Fillmore, DRE #02092675

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.