1451 W 146th Street, Gardena, California 90247, Gardena, 90247 - bed, bath
ACTIVE$1,995,000
1451 W 146th Street, Gardena, California 90247
0Bed
0Bath
4,341Sqft
9,183Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential: The property is currently generating approximately $13,000 per month and is situated in a strong rental market, indicating robust income potential for investors.
Top Cons:
Significant Price Appreciation: Listed at $1.995M, the property shows a substantial price increase from its $1.28M sale in 2023, which may require thorough justification and market analysis for potential buyers.
Compared to the nearby listings
Price:$2.00M vs avg $1.44M (+$557,500)75%
Size:4,341 sqft vs avg 3,468.5 sqft75%
Price/sqft:$460 vs avg $40963%
More Insights
Built in 1980 (45 years old).
Condition: The property, though built in 1980, underwent a full renovation in 2023, making all units virtually new. The kitchens feature modern gray shaker cabinets, quartz countertops, and new fixtures. Bathrooms boast contemporary marble-look tiling, black fixtures, and new showers/tubs. New wood-look laminate flooring, updated plumbing/electrical, fresh paint, modern lighting, a new roof, and a tankless water heater all contribute to an 'excellent' condition, meeting current quality standards with no deferred maintenance.
Year Built
1980
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$460
HOA
-
Days on market
-
Sold On
-
MLS number
PV25111935
Home ConditionExcellent
Features
View-
About this home
Turnkey 4-Unit Property in Prime Gardena generating approximately $13,000 / Month ~~~~~~~~~~ ALL UNITS WERE FULLY RENOVATED in 2023 with new interiors, kitchens, bathrooms, flooring, updated plumbing/electrical, fresh paint, and modern lighting. This 4-unit property sits on a large 9,183 sq ft lot and features full copper plumbing, new roof, new tankless water heater. The layout includes a detached front house, three townhouse-style units in the rear, and a detached 4-car garage with ADU potential, plus 6 additional parking spaces. Great income potential in a strong rental market!
Nearby schools
5/10
One Hundred Fifty-Third Street School
Public,•K-5•0.5mi
4/10
Amestoy Elementary School
Public,•K-5•0.5mi
4/10
Robert E. Peary Middle School
Public,•6-8•1.2mi
3/10
Gardena Senior High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
12/14/93
Sold
$318,181
05/05/23
Sold
$1,280,000
Condition Rating
Excellent
The property, though built in 1980, underwent a full renovation in 2023, making all units virtually new. The kitchens feature modern gray shaker cabinets, quartz countertops, and new fixtures. Bathrooms boast contemporary marble-look tiling, black fixtures, and new showers/tubs. New wood-look laminate flooring, updated plumbing/electrical, fresh paint, modern lighting, a new roof, and a tankless water heater all contribute to an 'excellent' condition, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
High Income Potential: The property is currently generating approximately $13,000 per month and is situated in a strong rental market, indicating robust income potential for investors.
Extensive Recent Renovations: All four units were fully renovated in 2023, featuring new interiors, kitchens, bathrooms, flooring, updated plumbing/electrical, fresh paint, and modern lighting, offering a turnkey investment.
Significant Capital Improvements: Recent major upgrades include full copper plumbing, a new roof, and a new tankless water heater, reducing immediate capital expenditure and future maintenance concerns for the buyer.
ADU Potential & Ample Parking: The property includes a detached 4-car garage with ADU potential and 6 additional parking spaces, offering opportunities for increased income and tenant convenience.
Large Lot & Diverse Unit Layout: Situated on a generous 9,183 sq ft lot, the property features a desirable layout with a detached front house and three townhouse-style units, appealing to a broad tenant base.
Cons
Significant Price Appreciation: Listed at $1.995M, the property shows a substantial price increase from its $1.28M sale in 2023, which may require thorough justification and market analysis for potential buyers.
Potential for High Property Taxes: Given the current listing price and recent sale, a new owner can anticipate a significant increase in property taxes, impacting the overall investment returns.
Limited Unit Mix Details: The description lacks specific details on the bedroom and bathroom count for each of the four units, which is crucial information for accurately assessing rental income potential and tenant demographics.